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To print this article, all you need is to be registered or login on Mondaq.com. On July 19, 2021, Judge Vernon S. Broderick of the Southern District of New York granted a motion to dismiss claims alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the Exchange Act ) and Rule 10b-5 thereunder against a clothing company (the Company ), its executives, and its majority shareholder. Cheng v. Can. Goose Holdings Inc., No. 19-cv-08204 (S.D.N.Y. July 19, 2021). Plaintiffs alleged defendants made materially false and misleading statements concerning the shifting timeframe of sales in its direct-to-consumer ( DTC ) channel (the ....