Video Game Company To 2nd Circuit: Stockholder Failed To Plead Loss Causation

Mealey's (June 7, 2023, 8:35 AM EDT) -- NEW YORK — A former stockholder and former owner of American Depository Shares (ADS) who accused a video game company in a putative class complaint of committing securities fraud when taking the company private failed to sufficiently plead loss causation, the company argues in an appellee brief filed in the Second Circuit U.S. Court of Appeals....