4th Circuit Upholds Dismissal Of Investors’ Claims Over Medical Company Merger

(August 18, 2023, 9:48 AM EDT) -- RICHMOND, Va. — A federal court in North Carolina properly dismissed the claims of a group of investors who alleged that they were misled about the financial outlook of a biopharmaceutical company created by the merger of two companies, a Fourth Circuit U.S. Court of Appeals panel ruled, agreeing with the district court’s determination that the plaintiffs failed to establish scienter....

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