|
PRIVACY & CONSUMER PROTECTION
SECURITIES & WHITE COLLAR
Sprout Social Must Face Suit Over Troubled Acquisition
By Katryna Perera
An Illinois federal judge on Tuesday denied a bid from Sprout Social Inc. to dismiss a proposed investor class action alleging the social media management company missed its financial guidance and struggled to integrate an influencer marketing platform it acquired, finding the suit's challenged statements are actionable and that the claims suggest the defendants knowingly committed fraud.
Order attached |
Read full article »
| Save to favorites »
TELECOMMUNICATIONS
BANKRUPTCY
EXPERT ANALYSIS
LEGAL INDUSTRY
|