Software Company’s Dismissal Bid In Securities Class Action Lawsuit Rejected

Mealey's (May 14, 2020, 6:31 PM EDT) -- SAN FRANCISCO — The lead plaintiff in a securities class action lawsuit against an enterprise software company and two of its senior executives has sufficiently shown that the defendants issued actionable misstatements and omissions throughout the class period touting the functionality of the company’s subscription order-to-cash platform in violation of federal securities laws, a federal judge in California ruled April 28 in denying the defendants’ motion to dismiss (Casey Roberts, et al. v. Zuora Inc., et al., No. 19-3422, N.D. Calif., 2020 U.S. Dist. LEXIS 74648)....