Amendment Of Securities Class Action Complaint Is Futile, Panel Rules
Mealey's (February 10, 2016, 2:46 PM EST) -- NEW YORK — A federal district court did not err in dismissing an amended complaint in a securities class action lawsuit and denying leave to amend because amendment would have been futile, a Second Circuit U.S. Court of Appeals panel ruled Feb. 8 (Alejandro Medina v. Tremor Video Inc., et al., No. 15-2178, 2nd Cir.; 2016 U.S. App. LEXIS 2087).
(Summary order available. Document #57-160216-072R.)
Shareholders Alejandro Medina and Adam Furman filed an amended complaint in the U.S. District Court for the Southern District of New...