Necessary Elements Of Securities Law Claims Against Media Company Missing

Mealey's (July 20, 2022, 1:49 PM EDT) -- LOS ANGELES — A federal judge in California on July 15 ruled that lead plaintiffs in a securities class action against a media company focused on cartoons for kids and two of its senior executives alleging that the defendants engaged in a pump-and-dump scheme in violation of federal securities laws have failed to sufficiently plead necessary elements of their federal securities law claims....