Alphatec Shakes Securities Suit Over French Firm Buy

Law360, New York (March 29, 2013, 6:15 PM ET) -- A federal judge in California threw out a punitive securities class action Thursday accusing medical device firm Alphatec Holdings Inc. of exaggerating the benefits of a tie-up with a French medical firm, ruling that the plaintiffs failed to show how executives could have intentionally deceived shareholders.

Judge Roger T. Benitez in the U.S. District Court for the Southern District of California ruled the plaintiffs where not able to sufficiently allege that company officials knowingly made statements to mislead the public as they were dealing with inventory...
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