Securities Suit Claims Against Cement Company Dismissed With Leave To Amend

Mealey's (July 16, 2019, 2:16 PM EDT) -- NEW YORK — A federal judge in New York on July 12 ruled that lead plaintiffs in a securities class action against a multinational building materials company and two of its senior executives have failed to sufficiently state a claim for relief in alleging that the defendants concealed the company’s involvement in a bribery scheme with a Columbian company in violation of federal securities laws (Christopher Schiro v. Cemex S.A.B. de C.V., et al., No. 18-2352, S.D. N.Y., 2019 U.S. Dist. LEXIS 116725)....