Investors Failed To Plead Scienter In Making Securities Claims, Defendants Argue
Mealey's (April 14, 2016, 2:36 PM EDT) -- BOSTON — Dismissal of an amended securities class action complaint is proper because the lead plaintiff in the action has failed to plead scienter and has improperly pleaded fraud by hindsight in making its federal securities law claims, defendants argue in a March 18 motion to dismiss (William M. Cody, et al. v. ConforMIS Inc., et al., No. 15-13295, D. Mass.).
(Motion to dismiss available. Document #57-160418-515B.)
Lead plaintiffs William M. Cody, Thomas S. Nelson and James Schaefer (collectively, ConforMIS Investor Group) filed an amended complaint...