Foley Secures Dismissal in Securities Class Action

Foley & Lardner LLP represented Vicor Corporation in securing dismissal of a putative securities class action brought by certain Vicor short-sellers in the U.S. District Court for the Northern District of California.

On June 7, 2025, the Court granted Vicor’s motion to dismiss, holding that “there is no plausible averment in the complaint that Defendants’ announcement of expectations omitted material information” and that “Plaintiffs’ complaint is rife with conclusory allegations” that failed “plausibly to aver that Defendants acted with scienter.”   The outcome vindicates Vicor’s resolute defense against baseless claims.

The Foley team representing Vicor was led by partners Todd Murray, Phillip Hosp, and Andrew Howell.