Mealey's (July 6, 2022, 10:31 AM EDT) -- NEW YORK — A federal district court did not err in dismissing shareholder claims against a transportation and logistics company and its CEO alleging that they violated federal securities law by failing to disclose that the company’s largest customer would be significantly scaling down its business, negatively affecting the company’s business and revenues, because the lead plaintiffs in the action failed to plead necessary elements of their claims, a Second Circuit U.S. Court of Appeals panel ruled June 30 in affirming dismissal of the claims....