Failure To Cure Pleading Deficiencies Leads To Dismissal Of Stock-Drop Suit

Mealey's (August 13, 2019, 1:51 PM EDT) -- SAN FRANCISCO — A federal judge in California on Aug. 12 ruled that a pension fund failed to cure the pleading deficiencies that previously led to the dismissal of its first amended securities class action complaint against a generic drug company and certain of its current and former executive officers, dismissing the pension fund’s second amended complaint (SAC) without leave to amend (New York Hotel Trades Council & Hotel Association of New York City Inc. Pension Fund v. Impax Laboratories Inc., et al., No. 16-6557, N.D. Calif.)....