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Scott & Scott Make Bid To Lead Acacia Stock Suit

Law360, Boston (March 13, 2018, 8:35 PM EDT) -- Pointing to a track record of successful securities litigation and an extensive presuit investigation, New York-based Scott & Scott LLP asked a Massachusetts federal court Tuesday to take the lead in consolidating derivative lawsuits over a sudden stock drop for Bay State-based Acacia Communications Inc.

The international firm won the backing of plaintiffs Sarah Farah-Franco and Russell Gourley, Acacia shareholders who filed derivative lawsuits claiming the Maynard, Massachusetts-based company misled investors by suggesting demand for its products in China would continue to grow, only to have...
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