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Home / Opinion Digests / Securities – Fraud – PSLRA – Scienter (access required)

Securities – Fraud – PSLRA – Scienter (access required)

Disappointed investors’ allegations that defendant company was seeking to avoid a default on its credit agreements in its statement to investors on a goodwill impairment charge do not adequately allege scienter under PSLRA pleading requirements, but the 4th Circuit says the district court should have allowed plaintiffs to amend their complaint. Matrix Capital Management Fund, LP, ...

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