Judge: Investors Show Falsity Of Some Equipment Testing Claims From Company

(July 25, 2024, 2:26 PM EDT) -- SAN FRANCISCO — A federal judge in California largely granted a technology company’s motion to dismiss a second amended putative class complaint brought by investors alleging that the company and certain of its executives issued false statements about the testing of equipment that would be used to create a new type of battery; however, the judge found that the investors had adequately substantiated their claims regarding three allegedly false statements issued by the company....