Mealey's (December 21, 2022, 12:15 PM EST) -- NEW YORK — A federal district court erred in dismissing shareholder claims in a class action alleging that a company concealed financial risks facing its top-performing operating division in violation of federal securities laws because the lead plaintiff in the action sufficiently pleaded material misrepresentations and omissions and scienter, a Second Circuit U.S. Court of Appeals panel ruled Dec. 20 in vacating and remanding....