Online Game Developer, Others Dismissed From ADS Purchaser’s Securities Suit

Mealey's (April 8, 2022, 10:26 AM EDT) -- NEW YORK — A federal judge in New York on March 31 dismissed claims in a securities class action against an online game developer, certain of its senior executives and an entity that acquired the company’s American depositary shares (ADS), ruling that a lead plaintiff failed to sufficiently plead loss causation or insider trading on the part of those defendants....