Panel Affirms Dismissal Of Investor Claims In Securities Class Action Lawsuit

Mealey's (March 18, 2021, 2:01 PM EDT) -- NEW YORK — Without providing detail, a Second Circuit U.S. Court of Appeals panel on March 15 affirmed a federal district court’s dismissal of investor claims brought under federal securities laws against a statutory trust, its subsidiary, nine underwriters and others, ruling that the alleged misrepresentations investors claimed the defendants made were not, in fact, misleading....