Judge Dismisses Securities Complaint Against Chinese Vape Company With Prejudice

Mealey's (October 4, 2022, 10:50 AM EDT) -- NEW YORK — A New York federal judge granted a Chinese vaping company’s motion to dismiss a putative securities class action brought against it by investors who claimed that the company overestimated its financial prospects before its initial public offering (IPO), finding that the plaintiffs failed to show that the company intentionally omitted or misrepresented the Chinese government’s planned regulatory scheme for e-cigarettes....