Plaintiffs in an ongoing securities fraud class action suit against Fiat Chrysler Automobiles over emissions violations faced a setback on Tuesday. U.S. District Judge Jesse Furman of the Southern District of New York granted defendants’ motion to dismiss new allegations of fraud by the international automotive company.
The latest theory offered in the suit seeking class status was sunk by “general claims,” “vague statements” and “unremarkable fact[s]” that didn’t hold up under a conscious recklessness standard, Furman found.
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