Federal Securities Law Claims In Zoom Stock-Drop Suit Significantly Trimmed

Mealey's (February 22, 2022, 2:24 PM EST) -- SAN FRANCISCO — The court-appointed lead plaintiff in a securities class action against video communications platform application provider Zoom Communications Inc. and two of its senior executives has substantially failed to plead his federal securities law claims against the individual defendants, in which he alleges that they misrepresented the company’s privacy and security measures, a federal judge in California ruled Feb. 16 in partially granting the defendants’ motion to dismiss....