Northern District Of California Certifies Securities Class Action Based On Damages Model That Accounted For Varied Price Impact That Correlated With Plaintiffs’ Leakage Theory
By EsqSocial Corporation 24/12/24
On December 17, 2024, Judge Vince Chhabria of the United States District Court for the Northern District of California granted a renewed motion for class certification in a securities action against a majority shareholder of a biotechnology company (the “Company”) under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. In re Vaxart, Inc. Sec. Litig., 20-cv-05949 (N.D. Cal. Dec. 17, 2024)......
By: A&O Shearman