United States: Southern District Of Texas Denies Motion To Dismiss Securities Fraud Claims, Finding Plaintiffs Adequately Pled Material Misrepresentations And Scienter - Shearman & Sterling LLP

United States: Southern District Of Texas Denies Motion To Dismiss Securities Fraud Claims, Finding Plaintiffs Adequately Pled Material Misrepresentations And Scienter - Shearman & Sterling LLP

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The Court denied defendants' motion to dismiss the amended complaint, holding that plaintiffs sufficiently pled material misstatements and scienter.

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