Initial Settlement Approval, Seal Sought In Remanded IPO Securities Fraud Suit

(June 8, 2022, 10:18 AM EDT) -- SAN FRANCISCO — The plaintiffs in a securities fraud suit that was voluntarily removed from the U.S. Supreme Court’s docket after being granted certiorari for a question over a discovery stay in securities litigation filed a motion on June 2 to seal the “blow provision” within the proposed $2.75 million settlement of putative class claims under the Securities Act....