Lead Plaintiffs Fail To Plead Scienter In Securities Suit, Defendants Argue

(December 10, 2015, 10:59 AM EST) -- WILMINGTON, Del. — Dismissal of a securities class action lawsuit is proper, defendants argue in a Nov. 23 motion to dismiss, because the lead plaintiffs have failed to plead any material misrepresentation or scienter in making their federal securities law claims (In re The Bancorp Inc. Securities Litigation, No. 14-952, D. Del.).

(Motion to dismiss available. Document #57-151214-509B.)

Lead Plaintiffs Arkansas Teacher Retirement System and Arkansas Public Employees Retirement System filed an amended complaint in the U.S. District Court for the District of Delaware on behalf...
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