Appellees: Securities Claims Properly Dismissed For Lack Of Loss Causation

(February 13, 2020, 2:17 PM EST) -- ATLANTA — A federal district court correctly applied 11th Circuit U.S. Court of Appeals precedent in holding that a shareholder failed to plead any corrective disclosure in support of his loss causation analysis in a securities class action lawsuit against a beverage maker and certain of its senior executives, defendants argue in a Jan. 22 appellee brief filed in the 11th Circuit (Thomas W. Luczak v. National Beverage Corp., et al., No. 19-14081, 11th Cir.)....