Atlassian Investors’ Lawsuit Over Financial Growth Dismissed

A federal judge dismissed a lawsuit alleging software company Atlassian Corp. misled investors about its financial growth before a sharp drop in the stock price cost shareholders billions of dollars.

Most of the statements Atlassian and its executives made about the company’s financial outlook weren’t shown to be false or misleading, Judge William Orrick in the US District Court for the Northern District of California said in a Monday order. Atlassian makes technology collaboration products such as Jira and Trello.

Investors, led by City of Hollywood Firefighters Pension Fund and Oklahoma Firefighters Pension and Retirement System, also failed to ...