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Mealey's Securities/D&O Liability - Dismissal Of Some Claims In Securities Suit Against Tech Company, Others Granted

SAN JOSE, Calif. - A federal judge in California on Oct. 18 ruled that although the lead plaintiff in a securities class action against a medical technology company the develops and sells a hair restoration procedure robotic device failed to plead a material misrepresentation with regard to certain allegations made in support of its federal securities law claim, he sufficiently pleaded falsity in support of others (In re Restoration Robotics Inc. Securities Litigation, No. 18-3712, N.D. Calif., 2019 U.S. Dist. LEXIS 181030).
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