Mealey's (March 11, 2021, 1:48 PM EST) -- NEW YORK — Although investors in shareholder directive action brought arguments in their first amended complaint that were not convincing, they were not frivolous enough to merit sanctions under the Federal Rules of Civil Procedure or the Private Securities Litigation Reform Act (PSLRA), a federal judge in New York ruled March 9 in denying a motion for sanctions filed by the defendants....