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Securities/Commodities | New York Eastern
Judgment - Clerk
CLERK'S JUDGMENT, that both motions to dismiss are granted. (Signed by Jalitza Poveda, Deputy Clerk on 7/8/2021) (Galeano, Sonia)
Order
MEMORANDUM and ORDER: Plaintiffs have failed to allege that Techfaiths financial statements were false or misleading in any material respect. It follows, therefore, that they cannot establish either control-person liability or auditor liability. Therefore, both motions 48 & 49 to dismiss are granted. Ordered by Judge Frederic Block on 7/7/2021. (Innelli, Michael) (Main Document 50 replaced on 7/7/2021) (Innelli, Michael). Modified on 7/7/2021 TO ADD A CORRECT DOCUMENT.(Innelli, Michael).
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