9th Circuit: Investors Did Not Plead Loss Causation Against Chinese Tech Company

(September 29, 2023, 2:18 PM EDT) -- PASADENA, Calif. — A panel of the Ninth Circuit U.S. Court of Appeals found that a federal judge in California was correct to dismiss a securities complaint against a Chinese semiconductor manufacturer filed by investors who claimed that the company had given information from U.S. companies to the Chinese military, finding that the investors failed to plead loss causation in their complaint....