Judge Dismisses Investor’s Securities Law Claims As Non-Actionable

Mealey's (October 15, 2019, 5:06 PM EDT) -- FORT LAUDERDALE, Fla. — Dismissal of federal securities law claims against a health care administration company and certain of its executive officers is warranted because the defendants’ alleged misstatements were statements of corporate optimism or puffery or were forward-looking and were, thus, subject to protection under the safe harbor provision of the Private Securities Litigation Reform Act (PSLRA), a federal judge in Florida ruled Oct. 2 (Cambridge Retirement System v. MEDNAX Inc., et al., No. 18-61572, S.D. Fla., 2019 U.S. Dist. LEXIS 172844)....