3rd Circuit Asked To Decide Whether Dismissal Of Securities Claims Was In Error

Mealey's (March 14, 2017, 6:45 PM EDT) -- PHILADELPHIA — Parties in a securities class action lawsuit against a technology company and certain of its executive officers recently asked the Third Circuit U.S. Court of Appeals to determine whether a federal judge erred in dismissing a shareholders’ amended complaint for failure to plead scienter based on a misunderstanding of the facts (Ryan Fain v. USA Technologies Inc., et al., Nos. 16-2436 and 16-3796, 3rd Cir.)....