Investor Claims In Video Game Maker Stock-Drop Suit Insufficient As Pleaded

Mealey's (April 21, 2022, 1:51 PM EDT) -- LOS ANGELES — A federal judge in California on April 18 dismissed shareholder claims brought against a video game developer and several of its current and former senior executives, ruling that the shareholders failed to sufficiently plead falsity or scienter in alleging that the defendants violated federal securities law by misrepresenting or failing to disclose that the company was beset with a culture of sexual harassment and assault and gender-based discrimination....