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
The Hon. Lorna G. Schofield entered a Final Judgment approving a $44 million settlement of Plaintiffs’ claims.
The Hon. Mary Kay Vyskocil granted final approval to the shareholder derivative settlement in In re Conduent Incorporated Stockholder Derivative Litigation
The Court preliminarily approved the $165M Blackberry securities class action settlement on June 14, 2022.
The Hon. William J. Martini entered a Final Judgment approving a $10 million settlement of Plaintiffs’ claims
The Hon. Maxine M. Chesney entered an Order Denying Defendants’ Motion to Dismiss the Amended Complaint.
ADXS Investor Alert – Monteverde & Associates PC and Kahn Swick & Foti, LLC Obtain Material Disclosures Regarding the Upcoming Shareholder Vote for Advaxis, Inc. – ADXS
The Hon. Paul A. Fiorvanti, Jr. denied Defendants Motion to Dismiss in its entirety the litgation against Highpower International.
The Hon. Vernon S. Broderick entered an Order approving the selection of KSF as Lead Counsel for the putative Class Siegel v. The Boston Beer Company, Inc. et al., Case No. 1:21-cv-7693-VSB (S.D.N.Y.).
The Hon. Vernon S. Broderick entered an Order approving the selection of KSF as Lead Counsel for the putative Class Sandoz v. Waterdrop Inc. et al., Case No. 1:21-cv-7683-VSB (S.D.N.Y.).
The Hon. Morgan T. Zurn, Vice Chancellor of the Court of Chancery of the State of Delaware, rendered a ruling finding that plaintiffs represented by Kahn Swick & Foti LLC properly sought books and records to investigate wrongdoing in the process leading up to the merger of Parsley Energy, Inc. in pursuit of a post-close breach of fiduciary duty action.
The Hon. Cormac J. Carney entered an Order denying, in substantial part, Defendants’ motion to dismiss against Workhorse Group, Inc. and individual defendants Duane Hughes and Steve Schrader.
The Hon. Carolyn B. Kuhl entered an Opinion and Order denying in its entirety defendants’ motion to dismiss plaintiffs’ consolidated complaint.
The Hon. Ronnie Abrams entered an Order approving the selection of KSF as Lead Counsel for the putative Class in Re CarLotz, Inc. Securities Litigation, Case No. 1:21-cv-05906-RA (S.D.N.Y.)