2nd Circuit Affirms Dismissal Of Express Scripts Stock-Drop Suit

Mealey's (May 9, 2019, 2:25 PM EDT) -- NEW YORK — A federal district court properly dismissed a shareholder lawsuit brought against pharmacy benefits manager (PBM) Express Scripts Holdings Co. and certain of its executive officers because the lead plaintiff in the action failed to sufficiently state a claim for relief in making its federal securities law claims, a Second Circuit U.S. Court of Appeals panel ruled May 7 in affirming (In re Express Scripts Holdings Co. Securities Litigation, No. 18-1850, 2nd Cir.)....