Judge: Investor’s Scienter Allegations Lacking In Campbell Soup Stock-Drop Suit

Mealey's (December 3, 2020, 2:27 PM EST) -- CAMDEN, N.J. — The lead plaintiff in a securities class action lawsuit against Campbell Soup Co. and certain of its senior executives failed to sufficiently plead scienter in alleging that the defendants misrepresented the company’s ability to deliver profitable growth in violation of federal securities law, a federal judge in New Jersey ruled Nov. 30 in granting the defendants’ motion to dismiss (In re Campbell Soup Co. Securities Litigation, No. 18-14385, D. N.J., 2020 U.S. Dist. LEXIS 223579)....