Mealey's (March 4, 2022, 10:25 AM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on March 2 ruled that a federal district court did not err in dismissing shareholder claims in a securities class action against a software company and two of its senior executives stemming from statements they made regarding data security measures the company had in place before discovering a massive data breach because the shareholders failed to sufficiently plead that five statements the defendants made were materially false or misleading or made with the requisite scienter....