News
Kahn Swick & Foti, LLC Announces Proposed Settlement of Borgwarner Stockholder Derivative Litigation
The Hon. Mary Kay Vyskocil granted final approval to the shareholder derivative settlement in In re Conduent Incorporated Stockholder Derivative Litigation
The Court approved the settlement of the stockholder derivative action brought on behalf of Twitter, Inc. (“Twitter”) against several of Twitter’s current and former directors and officers for breach of fiduciary duties.
Kahn Swick & Foti, LLC Announces Proposed Settlement of Twitter, Inc. Stockholder Derivative Litigation
KSF’s stockholder derivative action was brought on behalf of Twitter, Inc. (“Twitter”) against several of Twitter’s current and former directors and officers for breach of fiduciary duties. On December 17, 2020, plaintiffs were able to secure a settlement providing that Twitter’s board of directors will pay $38 million in cash to Twitter and $8.75 million in attorney fees and court costs.
On November 29, 2020, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery granted final approval to the shareholder derivative settlement in In re Fitbit, Inc. Stockholder Derivative Litigation.
Download Fitbit Settlement Documents
Vice Chancellor Joseph R. Slights III of the Delaware Chancery Court rejected a motion to dismiss a stockholder derivative suit alleging insider trading and breach of fiduciary duty claims against executive officers and directors of Fitbit, Inc.
Kahn Swick & Foti, LLC Announces Proposed Settlement of Groupon, Inc. Stockholder Derivative Litigation
Kahn Swick & Foti, LLC Announces Proposed Settlement of Violin Memory, Inc. Stockholder Derivative Litigation – VMEM
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
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
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.
The Delaware Chancery Court granted final approval to the settlement of In re Barnes & Noble Stockholder Litigation, C.A. No. 4813-VCS.
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.