Clarivate Plc investors can proceed with a proposed class action against the data analytics company, its stock offering underwriter
The investors adequately alleged a material misstatement in a pair of 2021 public offerings, given “the sheer magnitude by which certain key metrics changed” when Clarivate later restated the financial figures presented in the related documents, Judge Eric Komitee said. His opinion, issued Monday in the US District Court for the Eastern District of New York, green-lit the Securities Act claim over the restatement against the three ...