Credit: Tobias Arhelger/Shutterstock.com. If This Early Ruling Is Any Indicator, Plaintiffs Are Going to Have a Rough Time Getting COVID-Related Securities Claims to Stick
A federal judge found plaintiffs hadn't alleged that real estate finance company Velocity Financial could have known the extent of the coronavirus pandemic at the time of its January 2020 IPO—meaning there was no need for any disclosures about the pandemic.
January 27, 2021 at 07:30 AM
4 minute read
The litigators I've talked to on the defense side of the securities class action bar have consistently said that getting COVID-related securities claims to stick is going to be a tough haul for their colleagues in the plaintiffs bar.
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