Federal Judge: Tech Firm Does Not Show Loss Causation In Stock Spoofing Case

( April 12, 2024, 9:01 AM EDT) -- NEW YORK — While a federal judge in New York found that a technology company adequately alleged that an investment company knowingly ran a manipulative scheme involving “spoofing” the tech company’s stock, the judge found that the tech company did not adequately show that it suffered a loss as a result of the scheme and thus granted the investment company’s motion to dismiss....

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