2nd Circuit Affirms Dismissal Of Class Action Brought After Media Merger

( November 8, 2024, 11:11 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals affirmed the dismissal of a class action alleging that the merger of two media companies caused a drop in the value of stock held by Ohio public pension funds after determining that the district court correctly found that the shareholders failed to show how disclosures made by the merged company were misleading to investors....