Legal Opinion
Efrat Investments LLC v. Hub Cyber Security Ltd.
District Court, S.D. New York
Decided March 20, 2025No. 1:23-cv-05764Unknown
1Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK IN RE HUB CYBER SECURITY LTD. 23-cv-5764 (AS) 23-cv-6668 (AS) OPINION AND ORDER ARUN SUBRAMANIAN, United States District Judge: This is a securities class action against Hub Cyber Security Ltd. (“Hub”) and its principals, alleging violations of sections 11, 12(a)(2), and 15 of the Securities Act of 1933. Mount Rainier, a special purpose acquisition company (“SPAC”), acquired Hub, an Israeli cybersecurity company, in a so-called “de-SPAC” transaction. After Hub’s disappointing debut on the NASDAQ exchange, plaintiffs filed suit,…
2Cases cited55 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Lexmark Int'l, Inc. v. Static Control Components, Inc.Supreme Court of the United States · 2014
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