Charles River Lab Investor Revives Fraud Claims on Appeal

State Teachers Retirement System of Ohio revived its securities fraud claims against Charles River Laboratory alleging it misled investors about how much a Justice Department investigation impacted its supply chain of Cambodian long-tailed macaques.

The US Court of Appeals for the First Circuit reversed a lower court decision on Friday that rejected investor’s claims that CEO James Foster’s knowingly made false and misleading statements. The rest of State Teacher’s claims were remanded to the US District Court for the District of Massachusetts to determine if it properly alleged its “losses were caused by ...