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Defendants: Opposition Brief Undercuts Complaint’s Loss Causation Allegations

(August 26, 2016, 11:39 AM EDT) -- BROOKLYN, N.Y. — Arguments made by shareholders in their opposition to a motion to dismiss in a securities class action lawsuit undercut the scienter and loss causation allegations they made in their complaint, defendants argue in an Aug. 9 reply brief (Saleh Altayyar, et al. v. Etsy Inc., et al., No. 15-2785, E.D. N.Y.).

(Reply brief available. Document #57-160815-511B.)

Lead plaintiff Mary M. Gilteman and plaintiffs Saleh Altayyar, Andrew Huang and Sarah Chang (collectively, shareholders) filed a revised amended complaint (RAC) in the U.S. District Court...
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