Lack Of Any Inactionable Misstatements Dooms Pension Plan's Stock-Drop Claims

Mealey's ( July 22, 2020, 2:02 PM EDT) -- NEW YORK — A federal judge in New York on July 20 ruled that a lead plaintiff in a securities class action lawsuit against a manufacturer and distributor of small aircrafts and recreational vehicles and two of its senior executives failed to plead any actionable misstatements or omissions in alleging that the defendants misrepresented the company's business and financial condition based on its acquisition and integration of a manufacturer of small recreational vehicles into one of its business segments in violation of federal securities law (In re Textron Inc. Securities Litigation, No. 19-7881, S.D. N.Y., 2020 U.S. Dist. LEXIS 126971)....