United States First Circuit
Deka Int'l S.A. Luxemborg v. Genzyme Corp., 13-1085
Dismissal of plaintiffs' securities fraud action against defendant, and several company executives is affirmed, where: 1) the district court correctly concluded that the complaint fails to meet the exacting pleading standard that securities fraud claims must satisfy; 2) the allegations set forth in the complaint fail to convey a cogent and compelling inference of deceitful intent, or reckless disregard of the truth, on the part of defendants; and 3) the district court did not abuse its discretion in denying plaintiffs' post-judgment motion to amend the complaint.
Appellate Information
- Decided 06/05/2014
- Published 06/05/2014
Judges
- TORRUELLA
Court
- United States First Circuit