Corporate & Securities Law BlogSecond Circuit Affirms Dismissal of Securities Class Action Against CBS Due to Plaintiffs’ Failure to Plead Scienter and Reliance By Sheppard Mullin May 25, 2012 In City of Omaha v. CBS Corp., No. 11-2575, 2012 U.S. App. LEXIS 9535 (2d Cir. May 10, 2012), the United States Court of Appeals for the Second Circuit reaffirmed its decision in Fait v. Regions Financial Corp.,…
