Mealey's (August 7, 2018, 2:22 PM EDT) -- NEW YORK — A federal district court erred in dismissing a second amended securities class action complaint for failure to state a claim because shareholders properly showed that a technology company and certain of its officers and directors concealed from investors in violation of federal securities laws that a businessman indicted on fraudulent manipulation of securities claims was a “beneficial owner” of the company, a Second Circuit U.S. Court of Appeals panel ruled Aug. 2 (Joseph Puddu, et al. v. 6D Global Technologies Inc., et al., No. 17-938, 2nd Cir., 2018 U.S. App. LEXIS 21630)....