U.S. District Judge Roy Altman wafted away class from investors in a vaping distributor, finding they were nothing but hot air — or "a hammer in search of a nail," as he put it.
January 08, 2021 at 03:03 PM
1 minute read
A putative class action lawsuit from investors who claimed Juul Labs Inc.’s distributor should have mentioned an impending e-cigarette ban before publicly offering stock in 2019 has disintegrated in the Southern District of Florida.
The ruling, issued Wednesday, outlines what companies need, and don’t need, to tell the Securities and Exchange Commission about their commercial relationships before going public.
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Juul (Photo: Jason Doiy/ALM)
