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CIVIL PROCEDURE, CLASS ACTIONS, CORPORATION & ENTERPRISE LAW, DRUGS & BIOTECH, SECURITIES LAW
• Cornelia I. Crowell GST Trust v. Possis Med., Inc.
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LATEST SUMMARIES
CIVIL PROCEDURE, CLASS ACTIONS, CORPORATION & ENTERPRISE LAW, DRUGS & BIOTECH, SECURITIES LAW
Cornelia I. Crowell GST Trust v. Possis Med., Inc., No.
07-1840
In a class action suit against a medical device production company
on claims of alleged securities fraud, dismissal of plaintiff's
complaint is affirmed where district court did not err in: 1)
determining that plaintiff's pleading failed to meet the heightened
pleading standards of the Private Securities Litigation Reform Act
(PSLRA); or in 2) denying leave to amend on the basis of futility as
plaintiff failed to establish how its complaint could be amended.
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