Immersion Shareholders Urge 9th Circ. To Revive Fraud Suit

Law360, San Francisco (February 12, 2014, 4:02 PM EST) -- Shareholders in touch-feedback technology maker Immersion Corp. urged the Ninth Circuit on Wednesday to revive their securities class action claiming the firm falsely reported revenues and caused its stock to falter when the misreporting was disclosed, arguing there was plenty of evidence showing company executives acted knowingly.

U.S. District Court Judge Maxine Chesney was wrong to dismiss the case, argued plaintiffs' attorney Richard Weiss of Brower Piven APC. She needed to look at the facts in their entirety to see that Immersion's executives knowingly understated revenues...
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