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Judge: Investor Failed To Plead Requisite Subjective Falsity In Securities Suit

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NEW YORK - A federal judge in New York on April 26 dismissed a shareholder's amended securities class action complaint, ruling that the shareholder failed to plead subjective falsity as required under Second Circuit U.S. Court of Appeals precedent (In re American International Group, Inc. 2008 Securities Litigation, No. 08-4772, S.D. N.Y.; 2013 U.S. Dist. LEXIS 60185; See August 2009, Page 12)....(read more)

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