(July 13, 2018, 11:41 AM EDT) -- SAN FRANCISCO — A lead plaintiff in a securities class action failed to plead an actionable misstatement or omission or scienter under federal securities law against a risk-based professional employer organization (PEO) and certain of its officers and directors and failed to plead actual control in making its claims against the PEO’s controlling stockholder, the defendants argue in a June 28 appellee brief filed in the Ninth Circuit U.S. Court of Appeals (Howard Welgus v. TriNet Group Inc., et al., No. 18-15084, 9th Cir.)....