Pension Funds’ Securities Law Claims Ample Enough To Survive Dismissal Bid

Mealey's (January 25, 2021, 1:53 PM EST) -- NASHVILLE, Tenn. — Lead plaintiffs in a securities class action against an operator of in-patient psychiatric facilities, residential treatment centers and group homes and certain of its current and former executive officers have sufficiently pleaded key elements of their federal securities law claims in alleging that the defendants misrepresented the quality of care at the company’s facilities and its regulatory compliance in violation of federal securities laws, a federal judge in Tennessee ruled Jan. 20 in denying the defendants’ motion to dismiss....