Zimmer Securities Fraud Class Action Gets The Boot

Law360, New York (December 2, 2009, 3:06 PM EST) -- A federal judge has thrown out a putative securities class action against orthopedic implant maker Zimmer Holdings Inc., calling the accusations too vague under heightened pleading standards for fraud cases.

Judge Sarah Evans Barker of the U.S. District Court for the Southern District of Indiana issued the 56-page order Tuesday, rejecting claims by the Plumbers and Pipefitters Local Union 719 Pension Fund that Zimmer made misleading statements about the company and its products and omitted relevant information, leading to a decline in stock price in 2008....
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