Window Co. Investors' Suit Dismissed For Lacking Clarity
Law360 (March 27, 2020, 5:10 PM EDT) -- Glass and window manufacturer Apogee Enterprises Inc. has escaped a proposed securities class action after a Minnesota federal court judge found that the facts pled in the suit show that Apogee and its executives shared adverse information as they discovered them, rather than hiding them, and that the suit lacked specifics.
U.S. District Judge Nancy E. Brasel dismissed the action without granting leave to amend to co-lead plaintiffs the City of Cape Coral Municipal Firefighters' Retirement Plan and the City of Cape Coral Municipal Police Officers' Retirement Plan, though Judge Brasel did not dismiss the allegations with prejudice.
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