Farfetch Executives Win Dismissal of Investor Suit Over Growth

Farfetch Ltd. investors failed to adequately allege the now-defunct luxury goods e-commerce company and its top executives misrepresented its growth and financial condition, a federal court ruled.

The three executives remaining in the proposed class action following Farfetch’s bankruptcy are entitled to dismissal of the investors’ complaint, Judge Edgardo Ramos said Tuesday for the US District Court for the Southern District of New York. The shareholders will have a chance to re-plead, he said.

The separate bankruptcy action paused the claims against Farfetch. But claims against a Farfetch subsidiary, FF Realisations PLC—formerly known as Farfetch Holdings PLC—aren’t affected by the ...