We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Hangs Up Motorola Securities Action

Law360 (February 28, 2011, 8:54 PM EST) -- A federal judge in Chicago on Monday threw out a putative securities class action against Motorola Inc. that claimed false statements and omissions inflated the company's stock by billions of dollars before an earnings release caused shares to plummet.

Judge Virginia M. Kendall of the U.S. District Court for the Northern District of Illinois signed a 23-page memorandum opinion and order granting a motion to dismiss from the case with prejudice defendants Motorola, ex-Motorola CEO Edward J. Zander, former Motorola chief financial officer Thomas Meredith and Gregory...
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.