Securities Claims In Zendesk Stock-Drop Suit Fare No Better 2nd Time Around

Mealey's (March 4, 2021, 10:44 AM EST) -- SAN FRANCISCO — A federal judge in California on March 2 ruled for the second time in less than six months that the lead plaintiff in a securities class action against a customer service software company and two of its senior executives stemming from the defendants’ alleged misrepresentations pertaining to the company’s financial condition in its European, African and Asian markets and data breach has failed to plead necessary elements of its federal securities fraud claims....