Not All Alleged Misstatements In Investor IPO Suit Are Actionable, Judge Rules

Mealey's (April 28, 2020, 9:22 AM EDT) -- BROOKLYN, N.Y. — A federal judge in New York on April 22 ruled that shareholders in a securities class action against a subscription-based meal-kit delivery service and several of its senior officers and directors have sufficiently pleaded some, but not all, of their allegations that the defendants failed to disclose in initial public offering (IPO) documents that material production issues at the company’s production facilities were resulting in loss of business (In re Blue Apron Holdings Inc. Securities Litigation, No. 17-4846, E.D. N.Y., 2020 U.S. Dist. LEXIS 71807)....