A federal court has ruled Palo Alto Networks (PANW) shareholders failed to show that financial projections, sales strategies statements and risk disclosures were false when made propping up the company’s stock price before its largest-ever selloff, Bloomberg’s Martina Barash reports, citing the ruling by Judge Charles Breyer. The investors also didn’t show the necessary level of intent for securities fraud or insider trading by CEO Nikesh Arora.
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