Investor Failed To Plead Scienter In Making Securities Law Claim, Judge Rules
Mealey's (January 8, 2016, 10:47 AM EST) -- SAN JOSE, Calif. — Dismissal of a second amended securities class action complaint is proper because a shareholder has failed to properly plead scienter in making his federal securities law claims against a solar energy company and certain of its officers and directors, a federal judge in California ruled Jan. 5 (Tai Jan Bao, et al. v. SolarCity Corp., et al., No. 14-1435, N.D. Calif.; 2016 U.S. Dist. LEXIS 1190).
(Order available. Document #57-160120-057R.)
Lead plaintiff James Webb filed an amended complaint in the U.S. District...