Judge Dismisses Garrett Motion Securities Class Without Leave To Amend

Mealey's (April 3, 2023, 12:30 PM EDT) -- NEW YORK — Evidence that a company saddled with Bendix-associated asbestos debts and its directors investigated bankruptcy as one possible way forward and that at least one director’s compensation was tied to company success does do not meet the scienter requirement and does not make positive statements about corporate flexibility false, a federal judge in New York said March 31 in dismissing a third amended complaint without leave to amend....