2nd Circuit Asked To Decide Whether Dismissal Of Securities Claims Was Proper

Mealey's (March 12, 2021, 12:17 PM EST) -- NEW YORK — Parties in a securities class action stemming from a merger deal in which shareholders alleged that senior officers of a Chinese internet company violated federal securities laws by mispresenting their intentions for the company after obtaining it in the merger recently asked a Second Circuit U.S. Court of Appeals panel to determine whether a federal district court erred when it dismissed the shareholders’ claims for failure to sufficiently plead any false or misleading statements....