Court Dismisses Securities Class Action Against Cutera Over Misleading Statements Regarding Acne Treatment Device

"A U.S. District Court judge dismissed a securities class action against Cutera and its officers, which claimed they made false statements about the company's internal controls and the launch of its acne treatment device, AviClear. The court found that the plaintiff, New England Teamsters Pension Fund, did not provide sufficient evidence that the statements were misleading or made with intent to defraud. The judge noted that the plaintiff failed to demonstrate that the defendants knew their statements were false at the time they were made, and some claims were considered abandoned due to lack of response."