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Limelight Networks, Inc.
Court Grants Limelight Networks' Motion to Dismiss in Shareholder Lawsuit
August 31st, 2008
Limelight Networks, Inc., (NASDAQ:LLNW) announced the United States District Court for the District of Arizona has granted the Company's motion to dismiss the consolidated class action complaint, in a case brought against the Company in August 2007. The Court dismissed the claims under Section 12(2) of the Securities Act of 1933 with prejudice, and dismissed the claims under Section 11 and 15, giving plaintiffs the opportunity to file an amended complaint as to those. About Limelight Networks, Inc. Limelight Networks, Inc. (NASDAQ:LLNW) is a content delivery partner enabling the next wave of Internet business and entertainment....
Source: Pharma Investments, Ventures & Law Weekly (2008-08-31)
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