Fenwick & West LLP is pleased to announce that it has successfully won the dismissal with prejudice of a securities class action against its client Immersion Corporation and its officers and directors.
In September 2009, following Immersion’s announcement of an Audit Committee investigation and the restatement of the Company’s financial results, shareholders filed a class action lawsuit in the United States District Court for the Northern District of California against the Company and members of its senior management and board for violations of the federal securities laws.
The Fenwick & West team moved to dismiss the case on a variety of grounds, including the absence of facts showing intentional misconduct and causation. On December 16, 2011, Judge Maxine Chesney granted the motion to dismiss with prejudice.
The litigation team was led by senior partner Susan Muck, partners Jay Pomerantz and Felix Lee, and associates Jennifer Bretan and Marie Bafus.