Citing Tellabs, Court Tosses BearingPoint Case

Law360, New York (November 27, 2007, 12:00 AM EST) -- A recent U.S. Supreme Court decision that established a heightened pleading standard has left its mark on another case, after a district court tossed a securities class action suit on the grounds that the plaintiffs had not adequately established scienter.

Last week, Judge Liam O'Grady of the U.S. District Court for the Eastern District of Virginia threw out a suit filed against BearingPoint Inc. and its former chief financial officer, ruling that the plaintiffs in the case had not met the pleading standard recently clarified by...
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