Alaska Elec. Pension Fund v. Flotek Indus., Inc.

JAMES L. DENNIS, Circuit Judge:

*979 This appeal arises out of a putative class action filed on behalf of purchasers of Flotek Industries, Inc. common stock. Plaintiffs allege that defendants, Flotek and three of its officers, exaggerated the usefulness of its products. They allege misrepresentations relating to a proprietary software Flotek developed to help market these products. The district court dismissed the complaint, holding that plaintiffs had failed to plead facts giving rise to a strong inference of fraudulent scienter. We AFFIRM.

I

Plaintiffs filed this putative securities class action…