On July 13, 2022, the United States District Court for the Central District of California largely denied a motion to dismiss a putative class action…
On July 13, 2022, the United States District Court for the Central District of California largely denied a motion to dismiss a putative class action asserting claims under the.
The Court held that plaintiff's allegations were largely sufficient but that plaintiff failed to adequately allege scienter or control person liability with respect to certain executives.
An investor in a special-purpose acquisition company that pivoted from cannabis to commercial space technology has sued the entity it ultimately merged with for its books and records, alleging the blank-check company's directors made incomplete and misleading disclosures to close the deal.
Stable Road Acquisition Corp. (NASDAQ:MNTS – Get Rating) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,000,000 shares, a decline of 20.9% from the February 28th total of 2,530,000 shares. Based on an average daily trading volume, of 729,100 shares, the short-interest […]