Northern District Of California Grants Motion To Dismiss Securities Class Action Against Footwear Company

On February 26, 2026, Judge Araceli Martínez-Olguín of the United States District Court for the Northern District of California granted a motion to dismiss a purported securities class action brought against a footwear and apparel company (the “Company”) and certain of its officers, directors, and underwriters. Shnayder v. Allbirds, Inc., No. 23-cv-01811 (N.D. Cal. Feb. 26, 2026). Plaintiffs asserted claims under Sections 11 and 15 of the Securities Act of 1933 (the “Securities Act”) and... By: A&O Shearman