Securities Claims Against Pellet Plant Maker’s CEO Sent Back To District Court

Mealey's (April 5, 2022, 1:47 PM EDT) -- CINCINNATI — A Sixth Circuit U.S. Court of Appeals panel on March 31 partially overturned a federal district court’s dismissal of securities class action claims against a manufacturer of wood pellet plants and certain of its current and former senior executives, ruling that a lead plaintiff sufficiently pleaded that the company’s CEO issued material misrepresentations and acted with the requisite scienter in concealing significant operational issues at two of plants the company manufactured....