Federal Judge Won’t Dismiss Common-Law Securities Fraud Claim

Mealey's (February 9, 2017, 2:07 PM EST) -- WILMINGTON, Del. — Several current and former executive officers and directors of an electric carmaker used “the wrong procedural tool” in arguing on behalf of dismissal of a common-law securities fraud claim against them, a federal judge in Delaware ruled Feb. 7 in denying a pair of dismissal motions (In re Fisker Automotive Holdings Inc. Shareholder Litigation, No. 13-2100, D. Del., 2017 U.S. Dist. LEXIS 16683)....