9th Circ. Shuts Down Digimarc Investors' Fraud Suit

Law360, New York (January 14, 2009, 12:00 AM EST) -- Finding that the plaintiffs’ fraud allegations did not meet the standards of the Private Securities Litigation Reform Act, the U.S. Court of Appeals for the Ninth Circuit has affirmed the dismissal of a putative class action brought by Digimarc Corp. investors over the company's misstatement of financial information.

The Ninth Circuit issued an opinion Monday affirming the dismissal, with prejudice, of the plaintiffs’ second amended complaint by a judge in the U.S. District Court for the District of Oregon — barring the plaintiffs from making another...
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