9th Circuit: Investor Failed To Show Company’s Scienter For False Statements

(April 22, 2024, 1:53 PM EDT) -- SAN FRANCISCO — A panel of the Ninth Circuit U.S. Court of Appeals on April 19 affirmed a California federal judge’s dismissal of a putative class complaint brought by an investor of an informational services company, finding that the investor failed to show that the company and certain of its executives knowingly issued misleading statements about company activities and how the alleged false statements caused a loss....