Judge: Falsity, Materiality Elements Of Securities Law Claims Properly Pleaded

Mealey's (June 15, 2018, 12:23 PM EDT) -- NEW YORK — A federal judge in New York on June 12 ruled that a lead plaintiff in a securities class action lawsuit properly pleaded falsity and materiality in arguing that a drug maker and certain of its current and former executive officers concealed from investors that the company had overstated its revenues for 2015 in violation of federal securities law (In re Insys Therapeutics Inc. Securities Litigation, No. 17-1954, S.D. N.Y., 218 U.S. Dist. LEXIS 100000)....