Central District Of California Dismisses Putative Securities Class Action Against Healthcare Technology Company For Failure To Plead Actionable Misstatements
By EsqSocial Corporation 01/05/25
On April 18, 2025, Judge André Birotte Jr. of the Central District of California granted a motion to dismiss a putative class action asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, against a healthcare technology company (the “Company”) and certain of its officers (the “Individual Defendants”). Barsuli v. GoodRx Holdings, Inc., No. 2:24-cv-3282-AB (C.D. Cal. Apr. 18, 2025). Plaintiffs alleged that defendants...
By: A&O Shearman