2nd Circ. Nixes Etsy Securities Suit Over Stock Drop

By Shayna Posses (April 24, 2018, 6:40 PM EDT) -- The Second Circuit on Tuesday affirmed the dismissal of a proposed class action accusing Etsy of concealing risks regarding counterfeit goods that led to a stock plunge after its initial public offering, concluding that shareholders failed to show the sort of false statements necessary to support their securities claims....

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