Local 731 I.B. of T. Excavators & Pavers Pension Trust Fund v. Diodes, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
EDITH H. JONES, Circuit Judge:
A putative class of purchasers of Diodes, Inc. (“Diodes”) common stock sued Diodes and two of its corporate officers alleging that Diodes and its officers committed securities law violations between February and June, 2011. Despite publicly admitting that labor problems existed at its Shanghai production facility, and accurately predicting the impact of the problems on its quarterly financial results, Diodes is alleged to have omitted significant information about the extent and causes of the problems. Diodes moved to dismiss the complaint for failure to state a…
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