Lead Plaintiff In Securities Class Action Failed To Plead Scienter, Judge Rules

Mealey's (September 12, 2018, 1:33 PM EDT) -- DALLAS — The lead plaintiff in a securities class action lawsuit has failed to cure the pleading deficiencies in a third amended complaint that led to a previous dismissal of her second amended complaint, a federal judge in Texas ruled Sept. 11 in dismissing the third amended complaint with prejudice (Margaret Budde, et al. v. Global Power Equipment Group Inc., et al., No. 15-1679, N.D. Texas, 2018 U.S. Dist. LEXIS 154159)....