Federal court dismisses Pier One shareholder suit – again

A Dallas federal judge this week dismissed a shareholder class action that alleged Fort Worth-based Pier 1 Imports (NYSE: PIR) and two former executives committed securities fraud when they misrepresented the company’s financial health to investors.The ruling is a significant victory for a team of Bracewell lawyers that have been defending Pier 1 in this case, one that has now survived two different rounds of motions to dismiss from two different judges. The opinion is also notable because