Dismissal Of Securities Claims Against Aviation Parts Maker Stands Up On Appeal

Mealey's (July 20, 2022, 2:08 PM EDT) -- PORTLAND, Ore. — A federal district court did not err in granting summary judgment in favor of an aviation parts manufacturing conglomerate and certain of its senior executives in a securities class action because shareholders failed to sufficiently plead falsity or loss causation in making their federal securities law claims, a Ninth Circuit U.S. Court of Appeals panel ruled July 18 in affirming....