Dismissal Of Investors’ 4th Amended Complaint With Prejudice Deemed Proper

Mealey's (February 22, 2021, 1:49 PM EST) -- ATLANTA — A federal district court did not abuse its discretion in denying investors an opportunity to amend their insufficiently pleaded securities fraud claims against a beauty products company and others for a fifth time because although the investors had enough time to seek leave to amend their claims to replead the element of reliance, they chose not to, an 11th Circuit U.S. Court of Appeals panel ruled in affirming on Feb. 18 in an unpublished per curiam opinion....