Judge Denies Defendants’ Motion For Reconsideration In Securities Fraud Suit
(May 12, 2016, 5:45 PM EDT) -- NEW YORK — Reconsideration of a federal district court’s ruling denying dismissal of federal securities law claims against an asset management company and certain of its executive officers is not proper because the defendants failed to provide any “reasonable basis” for reconsideration, a federal judge in New York ruled May 6 (Arthur Menaldi v. Och-Ziff Capital Management Group LLC, et al., No. 14-3251, S.D. N.Y.; 2016 U.S. Dist. LEXIS 60314).
(Opinion available. Document #57-160516-043Z.)
Lead Plaintiffs Ralph Langstadt and Julie Lemond filed a consolidated amended securities...