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Western District Of Michigan Grants Motion To Dismiss Securities Class Action Against Food Safety Company
09/01/2026
On August 10, 2026, Chief Judge Hala Y. Jarbou of the United States District Court for the Western District of Michigan granted a motion to dismiss a putative securities fraud class action against a food safety company (the “Company”), its then-President and CEO, and its then-CFO (collectively, “Defendants”), 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. Operating Engineers Construction Industry and Miscellaneous Pension Fund, et al. v. Neogen Corporation, et al., No. 1:25-cv-802 (W.D. Mich. Aug. 10, 2026).
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District of Arizona Dismisses With Prejudice Putative Class Action Against Semiconductor Manufacturer
08/11/2026
On July 23, 2026, Judge Susan M. Brnovich of the United States District Court for the District of Arizona dismissed with prejudice a putative securities class action against a semiconductor manufacturer (the “Company”) and its CEO and CFO (“Individual Defendants” and, together, “Defendants”), asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5. Jeffery S. Lew, et al. v. ON Semiconductor Corporation, et al., No. CV-24-00594-PHX-SMB (D. Ariz. July 23, 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.).