Investors: Evidence Not Properly Weighed In Dismissing Securities Claims

(December 8, 2022, 2:54 PM EST) -- SAN FRANCISCO — A federal district court erred in dismissing federal securities law claims for failure to plead loss causation and scienter brought by investors of a China-based semiconductor manufacturer against the company and certain of its senior executives on allegations that the defendants concealed that the company had provided sensitive technology from U.S.-based companies to the Chinese military in violation of U.S. law because the investors sufficiently pleaded the existence of corrective disclosures and that the defendants had an intent to deceive the investing public, the investors argue in an appellant brief filed in the Ninth Circuit U.S. Court of Appeals....