Flawed Misrepresentation, Scienter Allegations Doom Investor Claims

Mealey's (March 22, 2021, 2:11 PM EDT) -- BOSTON — A federal judge in Massachusetts on March 18 ruled that shareholders in a securities class action alleging that a software-as-a-service provider and two of its senior executives violated federal securities law by failing to disclose that the company’s customer billing transition plan was not meeting expectations have not cured pleading deficiencies that led to the dismissal of a first amended complaint....