United States Third Circuit
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