In re STMicroelectronics N.Y. Securities Litigation

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK een enn en ene enon □□□□□□□□□□□□□□□□□□□□□□□□□□ : OPINION AND ORDER IN RE STMICROELECTRONICS N.Y. : DENYING DEFENDANTS’ SECURITIES LITIGATION : MOTION TO DISMISS 24 Civ. 6370 (AKH) ALVIN K. HELLERSTEIN, U.S.D.I.: Defendants move to dismiss this putative class action securities suit for failure to state a claim upon which relief may be granted, For the reasons that follow, I deny Defendants’ motion. BACKGROUND Plaintiffs sue Defendants STMicroelectronics N.V. (“STM”), its Chief Executive Officer, Jean-Mare Chery, and its Chief Financial…