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Virgin Galactic Mostly Grounds Investor Suit Over Co. Launch

By Katryna Perera ( August 17, 2023, 6:10 PM EDT) -- A New York federal judge has cut several claims from an investor suit alleging Virgin Galactic Holdings Inc. and its executives lied about the company's timeline for getting its commercial flights off the ground, saying the plaintiffs have failed to resuscitate certain allegations that were previously tossed and have failed to adequately plead other counts, including insider trading allegations. ...

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