Trimmed-Down Section 10(b) Claims Survive Dismissal Bid In Stock-Drop Suit

Mealey's (April 23, 2021, 1:37 PM EDT) -- NEWARK, N.J. — A federal judge in New Jersey on April 20 partially granted a motion to dismiss filed by defendants in a securities class action lawsuit against an Indian film company and certain of its current and former senior executives, ruling that lead plaintiffs have sufficiently pleaded their federal securities law claims, albeit to a lesser extent than they had alleged in their amended complaint....