Law360, New York (July 27, 2012, 7:24 PM ET) -- A Massachusetts federal judge on Thursday dismissed Exchange Act claims against wind power company American Superconductor Corp. and several individual directors in investors' putative class action alleging a cover-up of a costly fallout with a major customer.
U.S. District Judge William G. Young, who refused to toss Securities Act claims against ASC in December, said that the lead plaintiff — Plumbers & Pipelifters National Pension Fund — failed to show that ASC and its executives knew that China-based Sinovel Wind Group Co. was not providing letters...
American Superconductor Gets Investor Suit Pared Down
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