Judge: Shareholder’s Amended Complaint Fails To Cure Pleading Deficiencies

Mealey's (July 30, 2018, 2:01 PM EDT) -- NEW YORK — A lead plaintiff’s addition of alleged misstatements, references to analyst reports and two expert opinions in its second amended complaint still fail to cure the pleading deficiencies that led to dismissal of the lead plaintiff’s consolidated amended securities class action complaint against an engineered products manufacturer and certain of its current and former executive officers, a federal judge in New York ruled July 25 in granting the defendants’ motion to dismiss and ordering the clerk of courts to close the case (In re Eaton Corp. Securities Litigation, No. 16-5894, S.D. N.Y., 2018 U.S. Dist. LEXIS 125280)....