Magistrate Endorses Clipping Investor Claims Against Energy Drink Maker Execs

Mealey's ( February 15, 2023, 1:46 PM EST) -- WEST PALM BEACH, Fla. — A federal magistrate judge in Florida recommended that claims in a shareholder class action alleging that an energy drink manufacturer and certain of its senior executives fraudulently accounted for stock option grants to former employees in violation of federal securities laws should be dismissed in part because the lead plaintiffs have sufficiently pleaded scienter with regard to just one of the two individual defendants....