United States Third Circuit

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Rahman v. Kid Brands, Inc., 12-4257

Dismissal of a federal securities class action alleging that defendants misled investors by artificially inflating defendant's stock price by issuing deceptive public financial reports and press releases dealing with defendant's compliance with customs laws and overall financial performance, is affirmed, where district court did not err in concluding that plaintiff failed to satisfy the heightened scienter pleading standard required by the Private Securities Litigation Reform Act.

Appellate Information

  • Decided 11/15/2013
  • Published 11/15/2013

Judges

  • GREENBERG

Court

  • United States Third Circuit

Counsel

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