Law360 (April 24, 2019, 7:18 PM EDT) -- Digital media marketing company RhythmOne PLC is still on the line for securities claims over its $185 million acquisition of video advertising company YuMe Inc., a California federal judge ruled Wednesday.U.S. District Judge William H. Orrick partially granted and partially denied RhythmOne’s bid to dismiss a private fund manager’s claims that it was misled into thinking that even without supporting the merger, it would be able to immediately convert its 7% share of YuMe’s outstanding stock into RhythmOne if the deal closed.When the fund instead received the converted stock by mail one month later, after RhythmOne’s stock price had... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
A US federal judge has ruled that Google is still potentially liable for a securities claim related to its $ 500 m acquisition of YuMe .