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A judge dismissed fraud claims against Coupang, saying alleged misconduct wasn't actionable.
A New York federal judge dismissed a securities fraud lawsuit against e-commerce company Coupang and its executives, ruling plaintiffs failed to prove that alleged business practice misstatements were actionable.
The court rejected claims related to supplier coercion, intellectual property theft, and search algorithm manipulation, calling them non-actionable opinions.
Meanwhile, the Ninth Circuit partially reversed a dismissal of a similar case against a fintech company, stating that past financial data must be disclosed under Item 303 if material, and that the lower court applied the wrong standard.
The case was sent back for further review.
Un juez desestimó los reclamos de fraude contra Coupang, diciendo que la supuesta mala conducta no era procesable.