Investors: Court Applied Wrong Standard In Dismissing Claims In Securities Suit

(September 15, 2020, 1:39 PM EDT) -- RICHMOND, Va. — A federal district court erred in dismissing claims in a securities class action against an information technology (IT) company and two of its senior officers because it "applied unduly harsh standards and ignored controlling" U.S. Supreme Court and Fourth Circuit U.S. Court of Appeals precedent in reaching its conclusion, investors argue in a Sept. 11 appellant brief filed in the Fourth Circuit (KBC Asset Management NV, et al. v. DXC Technology Co., et al., No. 20-1718, 4th Cir.)....

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