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Southern District Of New York Grants Motion To Dismiss Securities Class Action Against Former Officers Of Business Communications Company
09/15/2026
On September 1, 2026, Judge Paul G. Gardephe of the United States District Court for the Southern District of New York granted a motion to dismiss a putative securities fraud class action against the former CEO and former CFO of a business communications company (the “Company”), alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder. Jiang v. Chirico, et al., No. 23 Civ. 1258 (S.D.N.Y. Sept. 1, 2026).
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Eastern District Of New York Narrows Opt-Out Securities Suit Against Iron-Ore Mining Company.
04/23/2026
On March 10, 2026, Judge Eric Komitee of the United States District Court for the Eastern District of New York partially dismissed an opt-out securities action against an iron-ore mining company (“Company”) and certain of its executives arising out of the alleged collapse of two Company dams in Brazil in 2015 and 2019. Orbis Global Equity LE Fund, et al., v. Vale S.A., et al., No. 21-cv-6590 (E.D.N.Y.).
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Southern District Of New York Declines To Dismiss Putative Class Action Against Dental Product Company
01/27/2026
On January 16, 2026, Judge Naomi Reice Buchwald of the United States District Court for the Southern District of New York largely denied a motion to dismiss a putative class action asserting claims under the Securities Exchange Act against a manufacturer of dental products and certain of its executives. In re Dentsply Sirona, Inc. Sec. Litig., ––F. Supp. 3d––, 2026 WL 124581 (S.D.N.Y. Jan. 16, 2026).
