News
Vice Chancellor Nathan A. Cook denied the defendants’ motion to dismiss KSF’s class action complaint in its entirety. KSF’s complaint, filed in the Delaware Court of Chancery on behalf of former stockholders of Trecora Resources Inc., alleges that Trecora’s directors breached their duty of loyalty in connection with the sale of Trecora.
After more than four years of litigation, the Hon. Maxine Chesney entered a Final Judgment approving a $27.5 million settlement for the Class in a Class action against Aimmune Therapeutics.
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.
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. 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. Carolyn B. Kuhl entered an Opinion and Order denying in its entirety defendants’ motion to dismiss plaintiffs’ consolidated complaint.
The Hon. Patricia Koch, District Judge appointed KSF as co-lead counsel for the class in Helen Moore, et al v. Macquarie Infrastructure and Real Assets, et al¸ No. 251,417. The class alleges that Defendants breached their fiduciary duties in connection with the sale of Cleco to an investment consortium by, inter alia.
The Hon. Travis J. Laster of the Delaware Chancery Court appointed KSF as co-lead counsel for the class in Kenneth Riche, et al v. James C. Pappas, et al. The class alleges that Defendants breached their fiduciary duties in connection with the acquisition of U.S. Geothermal by Ormat Technologies, Inc. by, inter alia.
The Hon. Patricia Koch appointed KSF as co-lead counsel for the Helen Moore v. Macquarie Infrastructure and Real Assets litigation (Cleco Corporation Merger).
On November 15, 2017, Plaintiffs and Defendants memorialized their agreement to resolve the consolidated securities class action lawsuit captioned In re American Capital, Ltd. Shareholder Litigation.