In re Skechers USA, Inc. Securities Litigation, 18 Civil 8039 (NRB). (2020)
Court: District Court, S.D. New York
Number: infdco20200317e49
Visitors: 13
Filed: Mar. 16, 2020
Latest Update: Mar. 16, 2020
Summary: JUDGMENT NAOMI REICE BUCHWALD , District Judge . It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasons stated in the Court's Memorandum and Order dated March 12, 2020, the Court concludes that plaintiffs have failed to state a claim under Section 10(b) of the Exchange Act and Rule 10b-5; as corollary of the plaintiffs' failure to plead a claim under Section 10(b), their purported claim under Section 20(a) of the Exchange Act also fails; therefore, the defendants' motion to dis
Summary: JUDGMENT NAOMI REICE BUCHWALD , District Judge . It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasons stated in the Court's Memorandum and Order dated March 12, 2020, the Court concludes that plaintiffs have failed to state a claim under Section 10(b) of the Exchange Act and Rule 10b-5; as corollary of the plaintiffs' failure to plead a claim under Section 10(b), their purported claim under Section 20(a) of the Exchange Act also fails; therefore, the defendants' motion to dism..
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JUDGMENT
NAOMI REICE BUCHWALD, District Judge.
It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasons stated in the Court's Memorandum and Order dated March 12, 2020, the Court concludes that plaintiffs have failed to state a claim under Section 10(b) of the Exchange Act and Rule 10b-5; as corollary of the plaintiffs' failure to plead a claim under Section 10(b), their purported claim under Section 20(a) of the Exchange Act also fails; therefore, the defendants' motion to dismiss the CAC is granted; accordingly, the case is closed.
Source: Leagle
