Judge Denies Dismissal Of Claims In Stock Drop Suit Against Some Defendants

(October 4, 2019, 11:33 AM EDT) -- BROOKLYN, N.Y. — Lead plaintiffs in a securities class action lawsuit against a supplier and manufacturer of integrated circuit modules to cellular phone and tablet manufacturers have sufficiently pleaded falsity in making their federal securities law claims, but they have failed to properly show that each of the defendants acted with the requisite scienter, a federal judge in New York ruled Sept. 30 (In re Sequans Communications S.A. Securities Litigation, No. 17-4665, E.D. N.Y., 2019 U.S. Dist. LEXIS 170335)....

Attached Documents

Related Sections