Federal Judge Trims Claims In Securities Class Action Lawsuit
Mealey's (February 1, 2016, 2:21 PM EST) -- SAN FRANCISCO — A federal judge in California on Jan. 27 granted in part and denied in part a motion to dismiss filed by a corporation and certain of its executive officers in a securities class action lawsuit, ruling that some of the alleged misrepresentations cited by the lead plaintiff in making his claims are nonactionable (In re Energy Recovery Inc. Securities Litigation, No. 15-0265, N.D. Calif.; 2016 U.S. Dist. LEXIS 9781).
(Order available. Document #57-160216-041R.)
Lead plaintiff Henry Low filed an amended class action complaint...