Panel Affirms Dismissal Of Securities Law Claims Against Firm, Others

Mealey's (February 20, 2019, 2:03 PM EST) -- CHICAGO — A federal district court did not err in dismissing a securities fraud lawsuit brought by 39 former employees of a diversified alternative asset and risk management firm, the holding company that owned their employer and certain members of the employer’s senior management team because the plaintiffs failed to sufficiently state a claim for relief, a Seventh Circuit U.S. Court of Appeals panel ruled Feb. 13 (Kurt V. Cornielsen, et al. v. Infinium Capital Management LLC, et al., No. 17-2583, 7th Cir., 2019 U.S. App. LEXIS 4358)....