WAMU Execs Get 2nd Try To Dismiss Securities Suit

Law360, New York (September 10, 2008, 12:00 AM EDT) -- Officers of Washington Mutual Inc. who have been accused of securities fraud in a purported shareholder class action will get a second chance to have the suit dismissed, now that a federal appeals court has remanded the case for reconsideration of whether the plaintiffs properly pled their claim.

In a decision issued Tuesday, the U.S. Court of the Appeals for the Ninth Circuit asked the U.S. District Court for the Western District of Washington to re-examine its conclusion that the complaint met the requirements for pleading...
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