Investor Claims Over Campbell’s Profitability Statements Dismissed

Mealey's (October 14, 2022, 12:31 PM EDT) -- CAMDEN, N.J. — The lead plaintiff in a securities class action against Campbell Soup Co. and two of its senior executives has again failed to sufficiently plead scienter in alleging that the defendants misrepresented the company’s ability to deliver profitable growth in violation of federal securities laws because its complaint amendments did not cure pleading deficiencies that led to a prior dismissal of the plaintiff’s claims, a federal judge in New Jersey ruled....