Securities Snapshot

In This Issue: Delaware Supreme Court Reverses Chancery Court Decision Invalidating Governance Provisions of a Stockholder Agreement; Second Circuit Affirms Dismissal of Channel-Stuffing Claims Against Autonomous Driving Technology Company; Western District of Texas Dismisses Securities Fraud Claims Against Cybersecurity Company for Insufficient Scienter; Southern District of New York Dismisses Securities Fraud Claims Against Technology Company After Confidential Witnesses Recant Their Statements; District of New Jersey Dismisses Securities Fraud Claims Against Biopharmaceutical Company, Holding that the Company’s Optimistic Statements About Ongoing Patent Litigation Were Not Misleading Despite Ultimate Adverse Ruling; Sixth Circuit Affirms Dismissal of Suit Against Life Sciences Company, Holding That Optimistic Statements about Regulatory Compliance and Litigation Risk Are Nonactionable; Northern District of California Allows Suit Against Software Company to Proceed, Finding Statements about Revenue Guidance Misleading Based on Former Employee Statements

Read more about these decisions and others in this month’s edition of Securities Snapshot.

In This Issue: Delaware Supreme Court Affirms Dismissal of Books and Records Lawsuit Against Tech Company, Requiring Strict Compliance With Procedural Requirements; Southern District of New York Dismisses Section 13(e) Disclosure Claims Challenging Going-Private Transaction Between Two Life Sciences Companies; Northern District of California Dismisses Claims Under the Securities Act of 1933 Against a Biopharmaceutical Company Over Clinical Trial Risk Disclosures; Southern District of New York Dismisses Securities Fraud Claims Against Adobe, Finding Statements Concerning TAM Not Misleading; Southern District of New York Denies in Part Motion to Dismiss Claims Against Biopharmaceutical Company Based on Contingent Value Rights; Middle District of Florida Grants Partial Summary Judgment for Cryptocurrency Owners in Case Under The Securities Act; Eleventh Circuit Reverses Dismissal of Securities Fraud Claims Against an Energy Company Based on Underlying Alleged Bribery Scheme; Second Circuit Affirms Dismissal of Securities Fraud Claims Against Barclays Based on Collateral Consequences of an SEC Settlement

Read more about these decisions and others in this month’s edition of Securities Snapshot.