PSLRA Claims Need Proof Of False Statements: 9th Circ.
By Sindhu Sundar ( September 6, 2012, 8:03 PM EDT) -- The Ninth Circuit found Thursday that heightened pleading requirements of the Private Securities Litigation Reform Act require specific examples of false company statements, tossing a proposed shareholder class action claiming Rigel Pharmaceuticals Inc. masked adverse results in a clinical trial of an experimental arthritis drug....
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