Securities Claims Dismissed In State Court Lawsuit For Failure To Plead Claim

(August 1, 2019, 7:24 PM EDT) -- NEW YORK — An investor in a New York state court securities class action has failed to sufficiently state its claims for relief under the Securities Act of 1933 against a Brazilian online retailer, certain of its officers and directors and underwriters of its initial public offering (IPO) because several of the alleged misrepresentations the defendants made were accurate statements or were protected statements of opinion, a New York justice ruled July 17 (In re Netshoes Securities Litigation, No. 157435/2018, N.Y. Sup., New York Co., 2019 N.Y. Misc. LEXIS 3909)....

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