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Securities – Fraud Claim – Scienter – Insufficient Showing – Knowledge of Falsity (access required)

Maguire Financial, LP v. PowerSecure International, Inc. (Lawyers Weekly No. 001-198-17, 18 pp.) (Allyson Duncan, J.) 16-2163; Nov. 15, 2017; USDC at Greenville, N.C. (James Dever III, C.J.) 4th Cir. Holding: Plaintiff alleges that defendant’s CEO said defendant had “renewed” its contract with a power company when in fact defendant had contracted to start providing services ...

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