Insufficiently Amended Claims Succumb To Dismissal Motion In Stock-Drop Suit

Mealey's (February 11, 2020, 12:31 PM EST) -- FORT LAUDERDALE, Fla. — Dismissing a second amended complaint filed by a lead plaintiff in a securities class action lawsuit against a health care administration company and certain of its executive officers is warranted because the lead plaintiff failed to add any factual allegations that would cure the pleading deficiencies that led to the dismissal of its first amended complaint, a federal judge in Florida ruled Feb. 7 (Cambridge Retirement System v. MEDNAX Inc., et al., No. 18-61572, S.D. Fla.)....