ZHOU v. DESKTOP METAL, INC.

No. 23-1843.

120 F.4th 278 (2024)

Sophia ZHOU, individually and on behalf of all others similarly situated, Plaintiff, Appellant. Nicholas Luongo, individually and on behalf of all others similarly situated; Yichun Xie, individually and on behalf of all others similarly situated; Gregory Hathaway, individually and on behalf of all others similarly situated; Oscar Guzman-Martinez, individually and on behalf of all others similarly situated, Plaintiffs, v. DESKTOP METAL, INC.; Ric Fulop; Ali El-Siblani; and Michael Jafar, Defendants, Appellees. James Haley, Defendant.

United States Court of Appeals, First Circuit.

October 28, 2024.


Attorney(s) appearing for the Case

Lucas E. Gilmore, with whom Steve W. Berman, Kevin K. Green, Raffi Melanson, and Hagens Berman Sobol Shapiro LLP were on brief, for appellant.

Roman Martinez, with whom Kristin N. Murphy, William J. Trach, Jeff G. Hammel, and Latham & Watkins LLP were on brief, for appellees.

Before Gelpí, Montecalvo, and Rikelman, Circuit Judges.


Sophia Zhou and other investors brought a federal securities fraud class action against Desktop Metal, Inc. and several of its corporate officers, following a drop in the price of Desktop Metal's stock in late 2021. The stock lost value after Desktop Metal publicly shared the results of an internal investigation, which uncovered...

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