Judge: Investor Didn’t Suitably Plead Falsity, Scienter Against AI Company

( April 29, 2026, 2:54 PM EDT) -- NEWARK, N.J. — A federal judge in New Jersey granted a data engineering company’s and its current and former executives’ motions to dismiss an investor’s putative class action alleging they violated federal securities laws by providing misstatements about the company’s artificial intelligence capabilities; the judge found that the investor failed to sufficiently plead falsity, scienter or loss causation....