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Tuesday, April 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

REDWOOD CITY, Calif. — Pure Storage (flash memory devices) and its directors and underwriters used misrepresentations to raise $488 million in its IPO at $17 a share and the price fell to $12 when the truth came out, shareholders say in a class action in San Mateo County Court.

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