Securities
Mar. 7, 2024
Judge tosses 'lengthy, puzzling and burdensome' securities case
U.S. District Judge Mark C. Scarsi found the lead plaintiff, represented by The Rosen Law Firm and Pomerantz LLP, acted in bad faith by submitting “yet another unnecessarily lengthy, puzzling and burdensome complaint.
A federal judge in Los Angeles dismissed a securities fraud class action against Twitter Inc., now X Corp., and its former owner after the plaintiffs’ counsel filed a third amended complaint that the judge found did not raise any new facts in the dispute.
The judge said the filing was “a waste of judicial resources – and no doubt, the resources of the opposing parties.”
In his order Tuesday, U.S. District Judg...
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