Defendants: Court Properly Dismissed Pro Se Investor’s Securities Fraud Suit

(February 14, 2019, 2:02 PM EST) -- NEW YORK — A federal district court did not err in dismissing an investor’s securities fraud lawsuit against a gas and oil company, certain of its former executive officers and directors, its financiers and others because the investor failed to sufficiently plead that the defendants made material misrepresentations regarding the company’s business and financial condition in violation of federal securities law, the defendants argue in a Feb. 8 appellee/cross-appellant brief filed in the Second Circuit U.S. Court of Appeals (Morgan P. Cartwright v. Dominick D’Alleva, et al., No. 18-2817, 2nd Cir.)....