Lack Of Individual, Collective Scienter Leads To Dismissal Of Securities Claims

Mealey's (February 5, 2019, 2:06 PM EST) -- NEWARK, N.J. — A federal judge in New Jersey on Jan. 31 ruled that lead plaintiffs in a securities class action lawsuit against a goods and services provider within the printing industry and two of its senior executives failed to sufficiently plead that the defendants acted with the requisite scienter in concealing deficiencies with the company’s internal controls in its Securities and Exchange Commission reporting documents in violation of federal securities laws (In re Electronics for Imaging Inc. Securities Litigation, No. 17-5992, D. N.J., 2019 U.S. Dist. LEXIS 15795)....