Split 2nd Circuit: Stockholder Properly Pleaded Loss Causation Against Game Company

( February 6, 2025, 12:16 PM EST) -- NEW YORK — A split panel of the Second Circuit U.S. Court of Appeals determined that a former stockholder and former owner of American Depository Shares (ADS) sufficiently pleaded loss causation in its class action complaint against a video game company that allegedly committed securities fraud when taking the company private, vacating the lower court’s dismissal of those claims against the company....

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