Investors’ Scienter Allegations Mostly Strong Enough To Fend Off Dismissal

Mealey's ( February 10, 2023, 2:36 PM EST) -- LAS VEGAS — Lead plaintiffs sufficiently alleged scienter against two individual defendants in a securities class action against a card payment solutions and integrated payment processor and certain of its senior executives but do not provide sufficient allegations to back up confidential witness statements against a third defendant, a federal judge in Nevada ruled Feb. 9 in granting in part the defendants’ motion to dismiss....