News & Analysis as of July 24, 2025

Securities Litigation

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Chen v. Lyft: California federal court dismisses securities suit where misstatement was corrected within an hour

Hogan Lovells on 6/30/2025

In Chen v. Lyft, the U.S. District Court for the District of Northern California dismissed a federal securities class action lawsuit alleging that a typo in a press release from Lyft constituted securities fraud. The press...more

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Chen v. Lyft: California federal court dismisses securities suit where misstatement was corrected within an hour

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