GigaCloud Partially Escapes Suit Over Revenue, Tech Claims
By Katryna Perera ( January 28, 2025, 10:54 PM EST) -- GigaCloud Technology Inc. and its top brass have partially escaped a proposed class action alleging it misrepresented its operating metrics and revenues and use of artificial intelligence, with a New York federal judge saying that a federal securities law violation "cannot be premised upon a company's disclosure of accurate historical data."...
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