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Home / Opinion Digests / Allegations don’t establish intent to deceive (access required)

Allegations don’t establish intent to deceive (access required)

Various statements by a contractor related to its performance on a contract (estimated to be worth over $100 million) were optimistic or maybe even false, but the plaintiff’s allegations did not sufficiently allege executives’ scienter, i.e. a motive to deceive investors. Background Defendant Maximus Inc., a publicly-traded company, is in the business of administration of government-sponsored benefit ...