6D Global Technologies Prevails Against Class Action Lawsuit
U.S. District Court Issues Sweeping Decision in Favor of 6D Global’s Motion to Dismiss
NEW YORK, March 9, 2017 – 6D Global Technologies, Inc., a premier digital business solutions company, announced today that a putative class action complaint against it has been dismissed with prejudice by Manhattan U.S. District Judge Robert Sweet.
“I am excited that 6D Global has been vindicated by such a strong and decisive ruling,” said Tejune Kang, Chairman and CEO of 6D Global Technologies. “I am pleased with the Court’s clearheaded analysis and sound judgement on this case. We will rigorously defend all lawsuits, especially those frivolous complaints without any support for their claims. But most of all, I am looking forward to focusing my full attention on 6D Global’s core mission: providing a platform of digital marketing services to our clients on a global scale.”
The class action lawsuit against 6D Global alleged that the company violated federal securities laws, but Federal Judge Sweet on Monday dismissed the action with prejudice because the plaintiffs’ pleadings failed to make out a viable case.
“One by one, the allegations against 6D Global have crumbled,” added Kang. “As we free ourselves from the burden of fighting baseless claims, 6D Global is charging forward.”
Judge Sweet’s ruling was in Joseph Puddu, et al., v 6D Global Technologies, Inc., et al., No. 1:15-cv-08061-RWS, in the United States District Court, Southern District of New York. 6D Global is represented by Peter Flocos of K&L Gates LLP.
About 6D Global Technologies, Inc.
6D Global Technologies, Inc. is a premier digital business solutions company serving the digital marketing and technology needs of enterprise-class organizations worldwide. 6D Global Technologies’ companies offer a full suite of services and solutions to help large organizations optimize digital business channels and create better experiences for their customers, resulting in increased revenue growth and market share. Services include web content management, web and marketing analytics, digital creative, marketing automation, mobile applications, digital publishing, and marketing management solutions. For more information, visit www.6DGlobal.com.
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