Defendants Obtain Dismissal Of Investor’s Growth Misstatement Claims

Mealey's (December 7, 2022, 1:46 PM EST) -- LAS VEGAS — A federal judge in Nevada substantially granted motions to dismiss filed by defendants in a securities class action lawsuit against a designer and supplier of electronic gaming machines, certain of its senior executives and directors and others, ruling that the lead plaintiff failed to sufficiently plead that the defendants were statutory sellers and failed to properly plead a material misrepresentation or omission or scienter in bringing some of its claims....