Judge: Investors Failed To Show Post-Acquisition Deal Issues Led To Stock Drop

Mealey's (November 16, 2016, 1:39 PM EST) -- SAN JOSE, Calif. — Lead plaintiffs in a securities class action lawsuit against a cyber-attack detection and protection software developer and certain of its executive offices have failed to plead a material misrepresentation, scienter or scheme liability in making their claims that the defendants misrepresented the impact of an acquisition deal’s impact on product integration, a federal judge in California ruled Nov. 14 (Vijay Fadia v. FireEye Inc., et al., No. 14-5204, N.D. Calif.; 2016 U.S. Dist. LEXIS 157391)....