Judge Dismisses Securities Class Action Against Washington Post Co.

The Post Co. moved for a dismissal in August, arguing that the complaint lacked any specific allegations of deliberate fraud on the part of the Post Co. or its officers, and that any financial losses were the result of changes in the regulatory environment surrounding Kaplan and other similar companies.On Dec. 23, U.S. District Judge Barbara Rothstein granted the Post Co.’s motion.

via Judge Dismisses Securities Class Action Against Washington Post Co. – The BLT: The Blog of Legal Times.