Insurers Fail To Plead Scienter In Securities Fraud Case Against Tech Company

( July 2, 2025, 3:03 PM EDT) -- NEW YORK — A federal judge in New York granted a motion by a digital advertising and services technology company and certain directors and officers to dismiss a securities fraud class action alleging the company committed securities fraud when making material misrepresentations regarding its search advertising business that led the company’s stock price to drop, finding the investors didn’t plead actionable misstatements or facts supporting a strong inference of scienter....