News, Updates, & Insights
Kahn Swick & Foti, LLC is among the Top Ten Plaintiff Law Firms by Total Cash Amount of 2024 North American Securities-Related Class Action Settlements.
Kahn Swick & Foti, LLC Announces Proposed Settlement of Purecycle, Inc. Stockholder Derivative Litigation
KSF obtained the sixth largest securities fraud class action settlement in the United States in 2024. KSF, along with its co-counsel, secured a $189 million recovery for TuSimple investors.
It is not uncommon for European investors who have suffered losses due to securities fraud involving U.S. public companies to refrain from seeking compensation. Bruno Rosenbaum discusses the opportunities available to investors to compensate some of their losses.
On December 18, 2024, a Final Judgment of $189 million settlement of the Class’s claims in Dicker v. TuSimple Holdings, Inc. et al., was approved.
James Fetter an attorney who has been blind from birth, has been appointed to the board of Disability Rights Ohio, one of the state’s largest advocacy groups for people with disabilities.
The Hon. Roger T. Benitez preliminarily approved a $189,000,000 class action settlement in the TuSimple securities class action.
The Hon. Susan Illston entered a Final Judgment approving a $27.5 million settlement of the Class’s claims in the Velodyne Lidar litigation.
The Hon. Cynthia Bashant entered a Final Judgment approving a $7.75 million settlement in a Class action for breach of federal securities laws relating to a proposed merger of pharmaceutical company GW Pharmaceuticals.
The Hon. Lowell Hazel entered a Final Judgment approving a $37 million settlement for the Class in a Class action for breach of fiduciary duties to shareholders relating to a proposed merger of the utility company Cleco Corporation.
Join Bruno Rosenbaum at the Annual Nordic Investment Conference on March 5, 2024, and discover KSF’s approach to maximizing recoveries on behalf of institutional investors
The Hon. Alvin K. Hellerstein entered a Final Judgment approving a $5.65 million settlement for the Class.
The Hon. Cormac J. Carney entered a Final Judgment approving a settlement valued at $35 million in cash and stock for the Class.
On July 14, 2023, the court certified a class of shareholders in Moradpour v. Velodyne Lidar, Inc., et al., No. 3:21-cv-01486, a securities fraud class action pending in the United States District Court for the Northern District of California.
On December 20, 2022 a $5,650,000 class action settlement on behalf of persons who purchased Pareteum securities between December 14, 2017, and October 21, 2019, inclusive was preliminarily approved.
On February 14, 2023 a $35M class action settlement on behalf of persons who purchased the securities of Workhorse between March 10, 2020 and May 10, 2021, inclusive was preliminarily approved.
After 8.5 years from the initially filed complaint in October 2013 BlackBerry agreed to resolve its U.S.-based shareholder class action with a $165 million
The Hon. Colleen McMahon entered a Final Judgment approving a $165 million settlement of Lead Plaintiffs’ claims.
The Hon. Susan Illston, United States District Judge for the Northern District of California, entered an Order partially denying Defendants’ motion to dismiss Lead Plaintiffs’ securities fraud complaint against corporate Defendant Velodyne Lidar, Inc. and individual Defendants Anand Gopalan, James Graf, and Michael Dee.
Kahn Swick & Foti, LLC Announces Proposed Settlement of Borgwarner Stockholder Derivative Litigation