Defendant: Dismissal Was Proper Because Investors Failed To Plead Scienter
(September 21, 2015, 11:46 AM EDT) -- ST. PAUL, Minn. — A federal judge in Minnesota did not err in dismissing a securities class action lawsuit because shareholders failed to properly plead scienter in making their federal securities law claims, The Dolan Co. CEO James O. Dolan argues in an Aug. 10 appellee brief (Rand-Heart of New York Inc., et al. v. James P. Dolan, et al, No. 15-1838, 8th Cir.).