Talphera, Inc. shares fall 2.34% premarket after Ninth Circuit affirms dismissal of securities fraud suit.

Talphera, Inc. declined 2.34% in premarket trading, following the Ninth Circuit's affirmation of the dismissal of a securities fraud suit against the company. The court ruled that the company's slogan 'Tongue and Done' was not misleading to reasonable investors, given the accompanying disclosures. This legal development may have contributed to the stock's downward movement.