Jeanne Detch

Associate
Full contact info

Experience

Complete Victory for Qualcomm

July 24, 2019

Cooley obtained a victory for Qualcomm and its executives in a securities class action filed in the Southern District of California. The plaintiffs, relying heavily on “confidential witnesses,” alleged the company misled investors by failing to disclose overheating problems with a high-end chipset and the impending loss of a large customer. Piercing through these allegations, the court granted our motion to dismiss with leave to amend after oral argument. Plaintiffs filed a second amended complaint and we filed and argued another motion to dismiss. The court ultimately granted our second motion to dismiss with prejudice, and the ruling was affirmed on appeal.

Related contacts

Koji Fukumura
Partner, San Diego
Peter Adams
Partner, San Diego
Steve Strauss
Senior Counsel, San Diego
Craig TenBroeck
Partner, San Diego
Jeanne Detch
Associate, San Diego

Related Practices & Industries

Cooley Helps Stratasys Secure Win in Securities Case

August 18, 2017

Cooley advised Stratasys, a leading 3D printing solutions company, on its successful resolution of an Eighth Circuit appeal. In the decision, a three-judge panel affirmed the dismissal of a securities class action complaint asserting claims under the Securities and Exchange Act of 1934.

The lawsuit centered on Stratasys subsidiary MakerBot, a 3D printer manufacturer focused on consumer desktop 3D printing, and MakerBot’s release of its “fifth generation” or “5G” desktop 3D printers in 2014. Plaintiffs claimed that Stratasys’s public statements about the 5G printers were false or misleading.

The lawsuit was originally dismissed by Judge Patrick J. Schiltz of the US District Court for the District of Minnesota. The Eighth Circuit agreed with the lower court that the plaintiffs fell short of adequately pleading their claim.

Stratasys, which trades on the NASDAQ Global Select Market as “SSYS,” provides applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products and education. MakerBot was founded in 2009 and was one of the first companies to make 3D printing accessible and affordable.

Related contacts

Koji Fukumura
Partner, San Diego
John C. Dwyer
Partner, Palo Alto
Ryan Blair
Partner, San Diego
Craig TenBroeck
Partner, San Diego
Jeanne Detch
Associate, San Diego

Admissions and credentials

California

Memberships and affiliations

American Bar Association

Federal Bar Association

Louis M. Welsh American Inn of Court