Dismissal Of Securities Law Claims Against Tech Company Upheld By 9th Circuit

Mealey's (July 31, 2019, 5:00 PM EDT) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on July 23 ruled that a federal district court did not err in dismissing a lead plaintiff’s federal securities law claims against a technology company and certain of its senior executives because the lead plaintiff failed to plead any actionable misstatements or omissions or loss causation in making its claims (Public Employees Retirement System of Mississippi v. Qualcomm Inc., et al., No. 18-55005, 9th Cir., 2019 U.S. App. LEXIS 21969)....