9th Circuit Asked To Affirm Dismissal Of Data-Security Breach Securities Claims

Mealey's (October 15, 2021, 1:11 PM EDT) -- SAN FRANCISCO — A federal judge in California did not err in dismissing a pension fund’s federal claims in a securities class action against a software company and two of its senior executives stemming from statements they made regarding data-security measures the company had in place before discovering a massive data breach because the pension fund failed to sufficiently plead any of the elements of those claims, the company and its officers argue in an Oct. 13 appellee brief filed in the Ninth Circuit U.S. Court of Appeals....