High Court Declines Review Of 2nd Circuit Ruling In Securities Class Action

Mealey's (January 12, 2016, 12:16 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 11 declined to review a Second Circuit U.S. Court of Appeals’ ruling affirming a lower court’s decision to deny leave to amend in a securities class action lawsuit (NECA-IBEW Pension Trust Fund, et al. v. Kenneth D. Lewis, et al., No. 15-562, U.S. Sup.).

Lead plaintiff NECA-IBEW Pension Trust Fund and plaintiff Denis Montgomery had asked the Supreme Court to review the Second Circuit’s ruling, arguing that its decision to affirm the U.S. District Court for the...
To view the full article, register now.