Wood Pellet Plant Maker Seeks To Halt Investor’s Stock Drop Claims

Mealey's (November 8, 2019, 3:49 PM EST) -- NASHVILLE, Tenn. — Dismissal of federal securities law claims against a manufacturer of wood pellet plants and certain of its current and former senior executives is warranted because a lead plaintiff has failed to sufficiently plead any material misrepresentations or scienter in alleging that the defendants concealed significant operational issues at two of its plants it manufactured, the defendants argue in an Oct. 25 motion to dismiss filed in Tennessee federal court (City of Taylor General Employees Retirement System v. Astec Industries Inc., et al., No. 19-0024, E.D. Tenn.)....