Suit Against Best Buy Dismissed
A judge in Minnesota has dismissed a securities fraud class action lawsuit against Best Buy, filed by the IBEW Local 98 Pension Fund. The suit was dismissed "with prejudice."
"We have maintained since the beginning of this case that the allegations are wholly without merit. We are pleased that the Court's decision has vindicated Best Buy and its officers of the unfounded accusations in the Plaintiffs' complaint," Keith Nelsen, Executive Vice President and General Counsel for Best Buy, said in a statement.