Plaintiffs Fail to Allege Facts of Purposeful Deceit


Allegations that the directors of a technology company inflated the firm’s business prospects and understated its potential liabilities will not support a claim for securities fraud because the plaintiffs did not sufficiently allege that the directors knew these projections were false when made.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.