American Superconductor Can't Dodge Investor Suit

Law360, New York (December 16, 2011, 7:11 PM EST) -- A Massachusetts federal judge refused Friday to dismiss investors' proposed class action accusing wind power solutions provider American Superconductor Corp. and several of its directors and executives of hiding a costly fallout with a major customer.

U.S. District Judge William G. Young said he would not toss Securities Act claims against the company and its leadership, but added that he would take under advisement their request to dismiss two Exchange Act claims. He said he would also take under advisement a bid to dismiss claims against...
To view the full article, register now.