Investor Suit Over Merger Deal Dismissed For Lack Of Actionable Misstatement

Mealey's (May 28, 2020, 9:17 AM EDT) -- BOULDER, Colo. — A Colorado trial court judge on May 14 ruled that a shareholder in a securities class action lawsuit stemming from a communications company’s proposed $3.4 billion merger deal with another communications company failed to plead any actionable misstatements or omissions in the proposed merger deal’s offering documents in violation of federal securities law (Dean Houser v. CenturyLink Inc., et al., No. 18CV30556, Colo. Dist., Boulder Co.)....