Investor Claims Against Auto Seating Maker Lacked Showing Of Misrepresentation

(July 29, 2022, 8:31 AM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on July 20 affirmed a federal district court’s dismissal of shareholder claims in a securities class action against an automotive seating manufacturer and certain of its current and former senior executives, ruling that the lead plaintiff in the action failed to sufficiently plead any actionable misstatement or omission or scienter in pleading its federal securities law claims....