Tag: Motion to Dismiss

Zynga must face U.S. lawsuit alleging fraud tied to IPO | Reuters

Ruling 13 months after dismissing an earlier version of the lawsuit, U.S. District Judge Jeffrey White in San Francisco said on Wednesday that shareholders could pursue claims that Zynga concealed declining user activity, masked how changes in a Facebook Inc platform for its games would affect demand and inflated its 2012 revenue forecast. via Zynga must face U.S. lawsuit alleging…

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Analyzing Securities Motions to Dismiss — Class Action Countermeasures

University of Idaho law professor Wendy Gerwick Couture has published an interesting working paper analyzing a data set of dismissal opinions from securities fraud class actions: Around the World of Securiteis Fraud in 80 Motions to Dismiss. The paper is a quick read, distilling her data into eight major observations. via Analyzing Securities Motions to Dismiss — Class Action Countermeasures

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HP, Whitman Must Face Investor Suit Over Autonomy – Bloomberg

U.S. District Judge Charles Breyer in San Francisco said today investors can proceed with claims against Whitman over statements she made in May and June of 2012 about the British software company. Whitman “omitted material information which the complaint alleges she possessed at the time, namely that she was considering accounting fraud at Autonomy” as the explanation for its weak…

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