A lawsuit against Zango was dismissed.
“We are pleased, but frankly not too surprised, by the voluntary, with-prejudice dismissal of the lawsuit by the plaintiffs,” said Ken McGraw, Zango’s executive vice president, general counsel and chief compliance officer. “We have maintained from its inception that this case had no merit. The dismissal vindicates that position.”
Note that detractors from Zango’s model are a “small group of fixated critics”.
“Despite occasional distractions like this unfounded lawsuit and the background noise of a small group of fixated critics, I’m very proud of the fact that our desktop advertising business continues to grow and progress nicely…”
What’s the real story? The case was dismissed with prejudice because Collins Law asked that it be. There was no court decision, or impending decision, that played any role. The Judge did not order this dismissal. It was voluntary.
The case involved only three individuals as plaintiffs. It was not a class action lawsuit. This case has no impact on the ability of other people who want to bring a lawsuit against 180Solutions/Zango.
Collins asked to dismiss the case because they did not believe that this particular case stood a good chance of being approved by the court as a class action. The hope for a class action was why they brought the case in the first place.
Vitalsecurity weighs in, not charitably to Zango’s case.
What can I say? I’ve said my share already.