standards set forth in the Private Securities Litigation Reform Act (“PSLRA”), 15 U.S.C. § 78u-4(b). Under Rule 12(b)(6), a court must accept as true a complaint’s factual allegations and draw all reasonable inferences in the plaintiffs favor. Aten v. Scottsdale Ins. Co., 511 F.3d 818, 820 (8th Cir.2008). Although the complaint’s factual allegations need not be detailed, they must be sufficient to “raise a right to relief above the speculative level” and to “state a claim to relief that is plausible on its face.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 555, 570, 127 S.Ct. 1955, 167 L.Ed.2d 929 (2007). In assessing a claim’s plausibility, the Court may disregard any allegation that is “conclusory.” Ashcroft v. Iqbal, 556 U.S. 662, 129 S.Ct. 1937, 1950-51, 173 L.Ed.2d 868 (2009) (<HOLDING>). The PSLRA, 15 U.S.C. § 78u-4(b), modifies the
holding that allegations against nondiverse defendants must be factual not conclusory because conclusory allegations do not state a claim holding plaintiffs must provide particularized allegations as to why demand would be futile to survive a motion to dismiss conclusory allegations are not enough holding that conclusory allegations are not entitled to the assumption of truth holding affidavits based on conclusory allegations insufficient at summary judgment holding party opposing summary judgment does not show genuine issue for trial by replacing conclusory allegations of the complaint or answer with conclusory allegations of an affidavit