Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have stepped in to defend MongoDB and its officers in a pending securities class action. The action, filed July 9 in New York Southern District Court by Levi & Korsinsky, accuses the defendants of making false statements that misled investors concerning MongoDB's sales force incentive restructure; including a reduction of information gathered by their sales force and a loss of revenue. The case, assigned to U.S. District Judge Gregory H. Woods, is 1:24-cv-05191, Baxter v. Mongodb, Inc. et al.
Technology
August 05, 2024, 9:08 AM