Investor Found To Have Failed To Plead Actionable Misstatement, Scienter

Mealey's (April 12, 2019, 12:05 PM EDT) -- NEWARK, N.J. — A federal judge in New Jersey on March 31 ruled that the lead plaintiff in a securities class action lawsuit against a pharmaceutical company and certain of its former executive officers failed to sufficiently plead any actionable misstatements or omissions or scienter in alleging that the defendants violated federal securities laws by misrepresenting that abstracts it was expected to present at a conference did not contain new and previously undisclosed information (Jessica Fergus v. Immunomedics Inc., et al., No. 16-3335, D. N.J., 2019 U.S. Dist. LEXIS 55386)....