Mealey's (March 25, 2020, 8:36 AM EDT) -- NEW YORK — A federal district court properly held that investment funds failed to plead loss causation in arguing that several officers and directors of a regional airline services provider for major airlines misrepresented the extent of its inability to meet contractual requirements with certain of its business partners because the plaintiffs failed to sufficiently show that there was any causal connection between the defendants’ alleged misstatements and omissions and their financial losses, a Second Circuit U.S. Court of Appeals panel ruled March 23 (Axar Master Fund Ltd., et al. v. Bryan K. Bedford, et al., No. 19-1132, 2nd Cir.)....