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CIVIL PRACTICE – Heightened Pleading; Class Action; PSLRA

Web Admin//September 7, 2009//

CIVIL PRACTICE – Heightened Pleading; Class Action; PSLRA

Web Admin//September 7, 2009//

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Where a District Court dismissed a class-action securities complaint under the heightened pleading requirements of the Private Securities Litigation Reform Act of 1995, the District Court did not err in dismissing the complaint for its failure to specify each statement alleged to have been misleading, and the denial of leave to amend can be affirmed on the basis that the plaintiff failed to offer a proposed amended complaint to the court.Judgment is affirmed.

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