December 11, 2020
A California federal judge on Thursday put an end to proposed shareholder class action claims against manufacturer Flex Ltd., finding that despite multiple attempts, Flex investors had failed to show how the company's claims about a production contract with shoe behemoth Nike violated federal securities laws.
June 01, 2020
A California federal judge dismissed a stock-drop suit accusing manufacturer Flex Ltd. of "overpromising" about an ill-fated contract it established with sneaker behemoth Nike on grounds the company's projections were statements protected by law, but she allowed investors another crack at the claims.