Core Insights - The lawsuit against Starbucks alleges that the company and its former CEO made materially false or misleading statements regarding its "Triple Shot" reinvention strategy and revenue outlook for 2024 [3][5]. Group 1: Lawsuit Details - The lawsuit was filed by Charles Garbaccio on behalf of himself and other shareholders, claiming violations of federal securities law [3]. - The claims focus on the company's growth plan for China and the revenue outlook related to the "Triple Shot" strategy [5]. - A federal judge partially dismissed the case, ruling that shareholders had shown "some, but not all" of their securities fraud claims under section 10(b) of the Exchange Act [6]. Group 2: Recent Developments - A motion was granted to reconsider ex-CFO Rachel Ruggeri as a defendant in the lawsuit, reversing a previous dismissal of claims against her [7]. - The court found that the plaintiffs had adequately pleaded a § 10(b) claim, which allowed for the reconsideration of Ruggeri's role as a "controlling person" in the suit [7].