Investor: Wrong Scienter Standard Applied In Dismissing Securities Claims

Mealey's (April 13, 2022, 1:58 PM EDT) -- ATLANTA — A federal district court erred in dismissing a lead plaintiff’s federal securities law claims for failure to sufficiently plead scienter because the court used the wrong standard in failing to impute a Tupperware Brands Corp. executive’s scienter to the company, the lead plaintiff argues in an April 11 appellant brief filed in the 11th Circuit U.S. Court of Appeals....