Dismissal Of Some Loss Causation Allegations In Stock-Drop Suit Overturned

Mealey's (May 6, 2020, 2:01 PM EDT) -- ATLANTA — A federal district court partially erred in dismissing claims in a securities class action against a beverage maker and certain of its senior executives because although a shareholder failed to plead loss causation with respect to certain of his claims, he sufficiently pleaded that element of his federal securities law claim regarding other allegations, an 11th Circuit U.S. Court of Appeals panel ruled May 4 (Thomas W. Luczak v. National Beverage Corp., et al., No. 19-14081, 11th Cir., 2020 U.S. App. LEXIS 14178)....