Investors Appeal Dismissal Of Securities Fraud Case Against Tech Company

( July 31, 2025, 1:32 PM EDT) -- NEW YORK — Investors on July 30 appealed a decision by a federal judge in New York to grant a motion by a digital advertising and services technology company and certain directors and officers to dismiss a securities fraud class action alleging the defendants committed securities fraud when making material misrepresentations about the company’s search advertising business that caused the company’s stock price to drop; the judge found the investors didn’t plead actionable misstatements or facts supporting a strong inference of scienter....