Judge: Evidence Not Sufficient To Alter Dismissal Ruling In Securities Suit

Mealey's (February 14, 2018, 2:26 PM EST) -- SAN FRANCISCO — Although a shareholder’s motion to alter judgment in a securities class action lawsuit is procedurally proper and timely, newly discovered evidence is still insufficient to cure the shareholder’s scienter and loss causation pleading deficiencies, a federal judge in California ruled Feb. 9 in denying the motion (Likar Rok v. Identiv Inc., et al., No. 15-5775, N.D. Calif., 2018 U.S. Dist. LEXIS 21916)....