9th Circ. Won't Revive J2 Investor's Suit Alleging Insider Deals

By Gina Kim (April 19, 2024, 6:38 PM EDT) -- The Ninth Circuit declined Friday to revive a proposed securities fraud class action alleging that J2 Global Inc. hid underperforming acquisitions and dubious investments that benefited company insiders, finding the plaintiff investor did not sufficiently plead scienter as to alleged nondisclosures or that purported misstatements caused his losses....

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