Investors In Stock- Drop Suit Failed To Plead Scienter, Judge Rules

Mealey's (August 3, 2018, 2:15 PM EDT) -- PHILADELPHIA — A federal judge in Pennsylvania on July 31 ruled that investors in a securities class action lawsuit against a generic drug company and certain of its senior executives failed to show that the individual defendants acted with the required state of mind necessary to bring a federal securities law claim (John Utesch v. Lannett Co., et al., No. 16-5932, E.D. Pa., 2018 U.S. Dist. LEXIS 128219)....