2nd Circuit Upholds Dismissal Of Investors’ Complaint Against GE

Mealey's (September 29, 2023, 7:22 AM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals affirmed a federal judge’s dismissal of shareholder claims against General Electric Co. (GE) and certain of its executives, agreeing that the investors had failed to adequately plead scienter in their claims that the GE defendants had made misstatements regarding the company’s financial condition....