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In re Adobe Inc. Securities Litigation
Case Number:
1:23-cv-09260
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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November 10, 2025
Adobe Investors Can't Revive Suit Over $20B Figma Buy
Investors in design software giant Adobe Inc. can't revive claims that the company downplayed the threat it faced from competitor Figma Inc. before announcing a $20 billion deal to buy the rival, a Manhattan federal judge has determined, finding that the investors' new allegations regarding the company's market-size hypotheticals wouldn't have misled reasonable investors.
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March 28, 2025
Adobe Beats Class Action Over Alleged Competitive Threats
A New York federal judge has tossed a securities class action against Adobe Inc. alleging that the software company and its top brass misled shareholders about the competitive threat Adobe's products faced from a user experience design tool developed by another company, saying the investors have failed to plead any actionable misstatements or knowledge of wrongdoing.