Securities Claims In Strip Club Operator Stock-Drop Suit Withstand Dismissal Bid

Mealey's (April 14, 2021, 4:26 PM EDT) -- HOUSTON — A federal judge in Texas on March 31 allowed claims to proceed in a securities class action against an operator of live adult entertainment and bar and restaurant establishments and certain of its current and former executive officers and directors, ruling that lead plaintiffs have sufficiently alleged the necessary elements of a securities fraud claim in pleading their federal securities law claims....