Mealey's (November 29, 2021, 12:58 PM EST) -- NEW YORK — A federal district court erred in dismissing claims brought under the Securities Exchange Act of 1934 in a shareholder class action lawsuit against a Chinese internet company and its senior officials for failure to meet the necessary pleading requirements of those claims because the shareholders sufficiently alleged a misstatement or omission of material fact in asserting that the defendants misrepresented their intentions to relist the company following a shareholder buyout, a Second Circuit U.S. Court of Appeals panel ruled Nov. 24 in reversing and remanding....