Smart Tech Investor Suit To Gain Class Cert., Judge Signals

Law360, New York (December 14, 2012, 7:05 PM EST) -- A federal judge indicated Friday that she will certify a class in a suit accusing educational technology company Smart Technologies Inc. of failing to disclose a slump in demand for its products ahead of a $660 million initial public offering.

“It is highly likely there will be some class certified,” U.S. District Judge Katherine B. Forrest said at a class certification hearing in Manhattan. The judge added that the defendants, among them major Smart Tech investor Intel Corp., should consider beating the class certification motion to...
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