Securities Suit Against Cybersecurity Company Tossed For No Scienter Evidence

(July 9, 2024, 8:32 AM EDT) -- OAKLAND, Calif. — A federal judge in California dismissed a putative class complaint against a cybersecurity company brought by an investor claiming that the company caused a drop in its stock value when it adjusted certain financial projections, finding that the investor failed to show that the company knew that the original projections were incorrect when released....