Federal Judge Narrowly Vacates Securities Claims Dismissal After Reconsideration

(May 15, 2024, 2:09 PM EDT) -- PHOENIX — A federal judge in Arizona on May 14 vacated portions of a previous order dismissing a putative securities class complaint brought by retirement funds alleging that an online home-selling company made false statements about its artificial-intelligence-powered pricing algorithm, finding that the retirement funds adequately showed that an allegedly misleading statement about the algorithm relates to the funds’ alleged losses....

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