9th Circ. Affirms Dismissal Of Cutera Investor Suit

Law360, New York (July 6, 2010, 5:42 PM EDT) -- A federal appeals court has ruled that a lower court was right to toss a securities fraud class action against Cutera Inc. and its top executives over the collapse of the laser skin treatment company's stock in 2007.

The U.S. Court of Appeals for the Ninth Circuit affirmed the lower court's dismissal of the lawsuit Wednesday, finding that Cutera's alleged incomplete disclosures about its sales force were not material omissions and that its earnings projections fell within the statutory safe harbor established by the Private Securities...
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