Photo: Ryland West/ALM Skadden Wins Securities Fraud Dismissal for Israeli Intelligence Company
U.S. District Judge Lorna G. Schofield threw out a case centering on the company's stated compliance with Meta's community standards, but plaintiffs have a chance to address the faults in their complaint.
October 01, 2024 at 04:37 PM
3 minute read
Securities Litigation
Securities fraud claims against an Israeli security analytics company have been dismissed, with a Southern District of New York judge finding the shareholder plaintiff hadn't shown public statements were false or misleading to a point that could support its claims.
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