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Ninth Circuit Reinstates Putative Class Action Against Children's Entertainment Company, Holding Actionable Misstatements And Loss Causation Adequately Alleged - Securities

On April 5, 2024, the United States Court of Appeals for the Ninth Circuit affirmed in part and reversed in part the dismissal of a putative class action asserting claims under the Securities Exchange Act of 1934. ....

United States , Brands Intl Inc , United States Court , Ninth Circuit , Exchange Act , Brands Int L ,

Discussing Securities Litigation Update

We discuss two decisions involving claims under Section 10b of the Securities Exchange Act of 1934 and Rule 10b-5 based on alleged channel stuffing a company’s practice of shipping excessive product to its distributors, and an allegedly over-hyped COVID-19 vaccine candidate. ....

New York , United States , Pierre Leval , Mclennan Cos , H David Sherman , Vince Chhabria , J Robert Brown Jr , Michael Park , Arthurd Spatt , Prentice Hall , Inovio Pharms Inc , Omnicare Inc , Hain Celestial Group Inc , Hain Celestial Group , Us Court , Us District Court , Ericap John Fund Inc , Bofl Holding Inc , Mcmahan Co , Department Of Health , Hain Celestial Grp Inc , Inovio Pharmaceuticals , Smith Wesson Holding Corp , Halliburton Co , Sunbeam Corp , Thane Intl Inc ,