AstraZeneca Beats US Shareholder Lawsuit Over COVID-19 Vaccine Disclosures

AstraZeneca Beats US Shareholder Lawsuit Over COVID-19 Vaccine Disclosures
The company logo for pharmaceutical company AstraZeneca on a screen on the floor at the New York Stock Exchange on April 8, 2019. Brendan McDermid/Reuters
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NEW YORK—AstraZeneca Plc. on Monday won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine, making it unlikely the treatment would win regulatory approval in the United States.

U.S. District Judge Paul Oetken in Manhattan said AstraZeneca shareholders in the proposed class action failed to identify any misleading statements, or adequately allege that the Britain-based company intended to defraud them.