Investor’s Securities Claims Void Of Necessary Allegations To Survive Dismissal

Mealey's (March 17, 2022, 9:29 AM EDT) -- NEW YORK — Dismissal of federal securities law claims against a company focused on the adoption of commercial electric vehicles (EV) and the development of certain financial technology products, as well as three of its senior executives, is warranted because a lead plaintiff failed to plead any of the necessary elements of his federal securities law claims in alleging that the defendants misrepresented the growth and success of its mobile energy global (MEG) division, a federal judge in New York ruled March 15....