Want access to unlimited case records and advanced research tools? Create your free CasePortal account now. No credit card required to register.
Try CasePortal for FreeJ. Cronan partially denies the company's motion to dismiss a securities fraud class action stemming from alleged misleading statements about employee attrition leading up to the company's IPO in 2021. The investors' may proceed with Section 10(b) claims regarding alleged misstatements about "low attrition," but Section 11 and 15 claims are dismissed for failing to sufficiently allege scienter and loss causation.
To read this case, start your 14-day free trial.
Request a free trial account to get access to more case data, documents, and features.
To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.