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Email Federal courts closed out 2021 with a flurry of securities decisions in the month of December. In this update, we discuss two decisions involving claims under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 based on (i) alleged “channel stuffing”—a company’s practice of shipping excessive product to its distributors, and recognizing revenue at the time of and on such shipments, when it believes the distributors will not be able to sell all such product in the particular period—and (ii) an allegedly over-hyped COVID-19 vaccine candidate. https://www.cadwalader.com/resources/clients-friends-memos/securities-litigation-update-federal-courts-allow-section-10b-claims-based-on-non-fraudulent-channel-stuffing-and-hyped-covid-19-vaccine-candidate