GE Gets Claims Trimmed in Investor Suit on Insurance, Power Unit

General Electric Co. is partially free of a would-be class case alleging it misled investors about its long-term care insurance portfolio and power division finances after a federal judge in New York dismissed several claims.

The multinational conglomerate’s investors failed to state a claim for securities fraud based on any insurance portfolio-related statements or omissions, but some allegations related to factoring may move ahead, the U.S. District Court for the Southern District of New York said.

The investors accused GE of misleading them about the insurance portfolio’s risk and quality and the company’s accounting and revenue recognition for some ...