Kahn Swick & Foti News

KSF Appointed Co-Lead Counsel in Netflix Securities Litigation

On June 14, 2017, Hon. Haywood S. Gilliam, Jr., the United States District Judge for the Northern District of California, ordered KSF’s appointment as co-lead counsel for the class in Ziolkowski v. Netflix, Inc. et al., Case No. 4:17-cv-01070-HSG (N.D. Cal.).

KSF Appointed Lead Counsel in Chicago Bridge & Iron Co. N.V. Securities Litigation

On June 14, 2017, the Hon. Lorna G. Schofield of the United States District Court for the Southern District of New York entered an Order appointing KSF’s client as Lead Plaintiff and approving its selection of KSF as Lead Counsel for the Class in In re Chicago Bridge & Iron Co. N.V. Secs. Litig., No. 1:17-cv-1580-LGS.

Court preliminarily approves $100 million settlement Halliburton Litigation

On March 31, 2017 the District Court preliminarily approved $100 million settlement in the Erica P. John Fund, Inc. v. Halliburton Co., et al. litigation.

Court Denies Motion to Dismiss in In Re Eletrobras Securities Litigation

On March 27, 2017, the Hon. John G. Koeltl, U.S. District Court Judge for the Southern District of New York, substantially denied the defendants’ motion to dismiss in In re Eletrobras Securities Litigation, No. 15-cv-5754-JGK (S.D.N.Y.).

Notice of Settlement of Groupon, Inc. Stockholder Derivative Litigation

Kahn Swick & Foti, LLC Announces Proposed Settlement of Groupon, Inc. Stockholder Derivative Litigation

Notice of Settlement of Violin Memory, Inc Stockholder Derivative Litigation

Kahn Swick & Foti, LLC Announces Proposed Settlement of Violin Memory, Inc. Stockholder Derivative Litigation – VMEM

Court Denies Motion to Dismiss in AAC Holdings Securities Litigation

On July 1, 2016, the Hon. Todd J. Campbell, U.S. District Court Judge for the Middle District of Tennessee, denied defendants’ motion to dismiss in its entirety in Kasper v. AAC Holdings, Inc. et al., No. 3:15-0923 (M.D. Tenn.).

Tesco PLC Securities Litigation Settlement Reached

KSF Announces Preliminary Approval of $12 Million Settlement of In re Tesco PLC Securities Litigation

KSF Announces $8.5 Million Settlement of In re CytRx Corporation Securities Litigation

On December 10, 2015, Lead Plaintiff and Defendants reached an agreement to settle In re CytRx Corporation Securities Litigation, No. 2:14-cv-01956-GHK-PJW, a consolidated securities class action lawsuit pending in the United States District Court for the Central District of California.

KSF Appointed Co-Lead Counsel in AAC Holdings Securities Litigation

On December 30, 2015, the Hon. Magistrate Judge John S. Bryant of the United States District Court for the Middle District of Tennessee entered an Order appointing KSF as co-lead counsel for the class in Kasper v. AAC Holdings, Inc.

Court Denies Motion to Dismiss In Part in In Re Rocket Fuel Securities Litigation

On December 23, 2015, the Honorable Phyllis J. Hamilton, U.S. Chief District Judge for the United States District Court for the Northern District of California, partially denied defendants’ motion to dismiss in In Re Rocket Fuel, Inc. Securities Litigation, 4:14-cv-03998-PJH.

KSF Appointed Lead Counsel in Eletrobas Securities Litigation

On October 2, 2015, the Hon. John G. Koeltl of the United States District Court for the Southern District of New York entered an Order appointing KSF as lead counsel for the class in the Eletrobras Securities Litigation, Case No. 15-cv-5754-JGK.

Notice of Settlement of FAB Universal Derivative Litigation

NOTICE OF SETTLEMENT OF STOCKHOLDER DERIVATIVE LITIGATION TO ALL PERSONS WHO OWN SHARES OF FAB UNIVERSAL CORPORATION (“COMPANY”) COMMON STOCK AS OF JULY 1, 2015 AND CONTINUE TO OWN SUCH SHARES

Halliburton Plaintiffs Win Class Cert Post High Court Appeal

KSF and its co-counsel, Boies, Schiller & Flexner LLP, were granted class certification today in the landmark Halliburton case that had made two trips to the U.S. Supreme Court.

Court Appoints KSF to Plaintiffs’ Executive Committee in American Express Antitrust Action

On July 14, 2015, the United States District Court for the Eastern District of New York appointed KSF as a member of Plaintiffs’ Executive Committee in Jaynes, et al. v. American Express Company, et al., No. 1:15-cv-1598, a class action against the American Express Company and American Express Travel Related Services Company, Inc.

Court Denies Motion to Dismiss in CytRx Securities Class Action

On July 13, 2015, the Honorable George H. King, Chief U.S. District Judge for the United States District Court for the Central District of California, denied defendants’ motion to dismiss in In Re CytRx Corporation Securities Litigation, permitting the majority of plaintiffs’ claims to move forward.

Court Appoints KSF as Lead Counsel in Orexigen Securities Fraud Class Action

On June 22, 2015, the United States District Court for the Southern District of California appointed KSF as sole lead counsel in In re Orexigen Therapeutics, Inc., Securities Litigation.

Notice of Settlement of Star Scientific Derivative Litigation

NOTICE OF SETTLEMENT OF STOCKHOLDER DERIVATIVE LITIGATION TO ALL PERSONS WHO OWN SHARES OF Rock Creek Pharmaceuticals, Inc. (f/n/a Star Scientific, Inc.) COMMON STOCK AS OF JANUARY 27, 2015 AND CONTINUE TO OWN SUCH SHARES

Court Appoints KSF as Lead Counsel in Tesco, plc Securities Class Action

On March 19, 2015, the United States District Court for the Southern District of New York appointed KSF as sole lead counsel in In re Tesco PLC Securities Litigation.

Court Appoints KSF as Co-Lead Counsel in Rocket Fuel, Inc. Securities Litigation

On December 15, 2014, the United States District Court for the Northern District of California appointed KSF as co-lead counsel in In re Rocket Fuel, Inc. Securities Litigation.

Court Appoints KSF as Co-Lead Counsel in Eagle Rock Energy Partners, LP Litigation

On August 7, 2014, the United States District Court for the Southern District of Texas appointed KSF as co-lead counsel in Feinstein v. Eagle Rock Energy Partners, LP, et al., 4:14-cv-521, a securities fraud class action brought on behalf of the holders of Eagle Rock Energy Partners, L.P. common units.

KSF Appointed as Lead Counsel in CytRx Securities Fraud Lawsuit for Secondary Offering

Former Louisiana Attorney General and KSF Announce Appointment as Lead Counsel in CytRx Securities Fraud Lawsuit: Secondary Offering Shareholders (January 31, 2014) Should Inquire For More Information – CYTR

Court Appoints KSF as Lead Counsel in CytRx Corporation

On June 17,2014, the United States District Court for the Central District of California appointed KSF as sole lead counsel in Chen v. CytRx Corporation, et al.

Court Appoints KSF as Lead Counsel in Blackberry Ltd.

On March 14, 2014, the United States District Court for the Southern District of New York appointed KSF as lead counsel in Pearlstein v. Blackberry Ltd., et al., 1:13-CV-07060-TPG, a securities fraud class action brought on behalf of all persons who purchased or otherwise acquired the publicly traded common stock of Blackberry between September 27, 2012 and September 20, 2013.

Court Appoints KSF as Lead Counsel in Ventrus Biosciences, Inc.

On July 23, 2013, the United States District Court for the Southern District of New York appointed KSF as sole lead counsel in Davison et al. v. Ventrus Biosciences, Inc. et al., 1:13-cv-03119-RMB, a securities fraud class action brought on behalf of all persons who purchased or otherwise acquired the publicly traded common stock of […]

The Fifth Circuit Affirms Granting of Motion for Class Certification in Halliburton

On April 30, 2013, the U.S. Court of Appeals for the Fifth Circuit issued a unanimous decision affirming the district court’s decision to grant class certification, which was appealed by defendants after a unanimous decision by the U.S. Supreme Court vacating and remanding a decision of the Fifth Circuit regarding class certification.

Court Approves Bank of America Settlement

On January 24, 2012, the Southern District of New York issued an Order and Final Judgment, approving the settlement of In re Bank of America Corp. Securities, Derivative, and Employment Retirement Income Security Act (ERISA) Litigation.

Court grants preliminarily approval to the settlement in Medtox Scientific, Inc.

On November 27, 2012, the Minnesota Second Judicial District Court granted preliminarily approval to the settlement of Siciliano v. Medtox Scientific, Inc., et al., Court File No. 62-CV-12-4811. A Final Settlement Hearing shall be held by the Court on February 14, 2013 at 1:30 p.m., before the Honorable John H. Guthmann.

Court Denies Motion to Dismiss by Life Partners Inc.

On September 28, 2012, the United States District Court for the Northern District of Texas denied in full Defendants’ motion to dismiss claims in Turnbow, et al. v. Life Partners, Inc., et al., No. 3:11-CV-1030-M (N.D. Tex.)

Court Denies Motion to Dismiss by YRC Worldwide Inc.

On September 25, 2012, the United States District Court for the District of Kansas denied in full Defendants’ motion to dismiss securities fraud claims in Better v. YRC Worldwide Inc., et al., No. 11-2073- KHV.

Court Approves $29 Million Settlement in Barnes & Noble

On September 4, 2012, the Delaware Chancery Court granted final approval to the settlement of In re Barnes & Noble Stockholder Litigation, C.A. No. 4813-VCS.

Court Approves Landmark Settlement in Moody’s Corporation Derivative Litigation

On September 6, 2012, Judge George Daniels of the Southern District of New York approved a comprehensive and wide-ranging settlement of the Moody’s Corporation Derivative Litigation, in which KSF served as Lead Counsel for the demand-excused cases.