Judge Dismisses Higher One Securities Class Action

September 19, 2016

Wiggin and Dana Partners Joe Merschman and James Bicks secured a significant victory for client Higher One Holdings Inc. and its former officers and directors in a securities class action that alleged the defendants had misled investors about the Company's compliance practices and other matters.

Wiggin and Dana, representing the defendants, filed a motion to dismiss the claims. U.S. District Judge Alvin W. Thompson granted the motion and dismissed the shareholders' claims, concluding they had failed to establish that any of the defendants' statements were false or misleading.

Law360 reported on the decision. To read the full article, please click here.