Southern District Of New York Grants Motion To Dismiss Putative Securities Class Action Against Software Company
By EsqSocial Corporation 08/04/25
On March 27, 2025, Judge John G. Koeltl of the United States District Court for the Southern District of New York granted a motion to dismiss a putative securities class action asserting claims against a software company and certain of its officers (the “Individual Defendants”) under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. In re Adobe Inc., No. 23-cv-9260 (S.D.N.Y. Mar. 27, 2025). Plaintiffs claimed that defendants knowingly misled...
By: A&O Shearman