Plaintiffs Drop Bare Escentuals Securities Class Action

Law360, New York (November 11, 2010, 1:57 PM EST) -- A federal judge has shuttered a securities class action brought against executives of Bare Escentuals Inc. and a group of investment banks over a 2006 initial public offering and two follow-on offerings from the makeup company following the plaintiffs' decision not to amend their complaint.

In an order filed Wednesday in the U.S. District Court for the Northern District of California, Judge Phyllis J. Hamilton signed off on a stipulation between the parties to dismiss the case.

The dismissal comes in the wake of a late...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.