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In Re Finjan Holdings, Inc. Securities Litigation
Case Number:
3:20-cv-04289
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 14, 2021
Judge Shuts Down Finjan Investors' Suit Over $44M Sale
A California federal judge has dismissed with prejudice Finjan Holdings investors' proposed securities class action over the cybersecurity company's $44 million sale to Fortress Investment Group, finding the lead plaintiff again failed to allege any plausible motive for leadership to devalue the company.
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April 14, 2021
Finjan Beats Investor Suit Over $44M Fortress Deal, For Now
Cybersecurity company Finjan Holdings has beaten shareholders' proposed securities class action, but a California federal judge left room for the investors to amend their claims that the company made misrepresentations about its $44 million acquisition deal last year.