Judge: Investor Failed To Plead Material Misstatement In Securities Class Action
Mealey's (April 29, 2016, 1:15 PM EDT) -- TRENTON, N.J. — Dismissal of federal claims in a securities class action lawsuit is proper because a shareholder failed to plead any material misstatements or omissions in making his claims against a drug company and certain of its current and former executive officers, a federal judge in New Jersey ruled April 26 (In re Amarin Corp. PLC Securities Litigation, No. 13-6663, D. N.J.; 2016 U.S. Dist. LEXIS 55568).
(Opinion available. Document #57-160516-009Z.)
Shareholders James F. Reiss filed a second amended complaint in the U.S. District Court...