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.

In This Issue: Southern District of New York Denies SEC’s Motion to Strike Affirmative Defenses of Former Cannabis Company CFO; Second Circuit Affirms Dismissal of Insider Trading Claims Against Nonfiduciary Financial Institutions; Ninth Circuit Affirms Class Certification in Securities Fraud Case Related to Zillow’s Algorithmic Pricing in the Real Estate Market; Third Circuit Affirms Dismissal of Securities Fraud Class Action Against Retailer Relating to Government Opioid Investigations; Northern District of California Grants Battery Maker’s Partial Judgment on Pleadings Based on ‘Full Context’ Analysis; Middle District of Tennessee Grants Plaintiffs Summary Judgment on Reliance in Securities Fraud Class Action Against Healthcare Company Relating to Purportedly Inaccurate Financial Projections; Middle District of Florida Allows Claims to Proceed Against Hertz for Allegedly Fraudulent Forecasts and Statements About Demand for Electronic Vehicles; Third Circuit Affirms Dismissal of Claims Against Cannabis REIT as Inactionable or Lacking Scienter Notwithstanding Tenant’s Fraud

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