Mealey's (February 23, 2021, 2:11 PM EST) -- RICHMOND, Va. — A federal district court did not err in dismissing a lead plaintiff’s federal securities law claims in its proposed second amended complaint (PSAC) against a specialty finance company and certain of its officers and directors over their alleged failure to disclose issues with the company’s 2014 and 2015 investments because the lead plaintiff failed to sufficiently plead scienter under the heightened pleading requirements of the Private Securities Litigation Reform Act (PSLRA), a Fourth Circuit U.S. Court of Appeals panel ruled Feb. 22 in affirming....