United States District Judge S. James Otero selected Levi & Korsinsky LLP to serve as Co-Lead Counsel in a class action securities lawsuit against Resonant, Inc. The firm approves its appointment as Co-Lead Counsel and will remain dedicated to achieving an optimal outcome for all class members.

United States District Judge Margaret M. Morrow selected Levi & Korsinsky to serve as Lead Counsel in the class action lawsuit against 500.com Ltd. Judge Morrow’s opinion noted that the firm has “extensive experience litigating complex securities fraud class actions as lead counsel on behalf of individual investors throughout the United States.” Read more

In the recently-issued report "ISS Securities Class Action Services 50," Levi & Korsinsky is listed as having recovered over $40 million on behalf of shareholders in its securities class action litigation practice in 2014. This report is issued by Institutional Shareholder Services (ISS), which maintains a database of industry leaders in the field of securities class action litigation. The report lists the top 50 plaintiffs' law firms ranked by the dollar value of final class action settlements occurring in 2014 in which the firm served as lead or co-lead counsel. The report does not include data on derivative or merger lawsuits for which Levi & Korsinsky is an industry leader, having recovered many millions of dollars on behalf of investors in 2014. Our firm is proud to be honored with this distinction and will continue to aggressively advocate on behalf of its clients nationwide.  

On April 15, 2015, United States District Judge Richard Seeborg granted preliminary approval of the class settlement. Judge Seeborg’s order and the class settlement agreement can be viewed here. Preliminary Approval Order OCZ Amended Stipulation of Settlement

United States District Judge Freda F. Wolfson selected Levi & Korsinsky to serve as Lead Counsel in the class action securities lawsuit against Ocean Power Technologies, Inc. The firm approves its appointment as Lead Counsel and remains focused on achieving an optimal outcome for all class members. Read more

The Notice of Pendency and Settlement of Action can be viewed here.

Serving as Lead Counsel in Monson v. Friedman, et al., Levi & Korsinsky received final approval of a settlement providing for the recession of 63,714 stock options that had been granted to the company’s chairman, president and CEO in excess of the company’s shareholder-approved equity compensation plan, a twelve-month moratorium on stock option grants to the company’s chairman, president and CEO, and other significant corporate governance reforms, including the creation of a committee of independent directors to review the company’s equity based compensation practices. The Stipulation of Settlement and Notice to Class Members can be viewed here. The Stipulation of Settlement Notice of Class Members

In Kleba v. Dees, et al., C.A. 3-1-13 (Tenn. Cir. Ct. Knox Cnty. 2014), Levi & Korsinsky recovered approximately $9 million in excess compensation given to insiders and caused the cancellation of millions of shares of stock options issued in violation of a shareholder-approved compensation plan. In addition, we obtained the adoption of formal corporate governance procedures designed to ensure that future compensation decisions are made independently and consistent with the plan.

The Stipulation of Settlement Notice of Pendency

In the recently issued SCAS Top 50 Report for 2013, Levi & Korsinsky is listed as having recovered $42 million on behalf of shareholders in its securities class action litigation practice during 2013. The Securities Class Action Services ("SCAS") 50 report is published by Institutional Shareholder Services which maintains an industry leading database on securities class action litigation. The SCAS 50 report lists the top 50 plaintiffs' law firms ranked by the dollar value of final class action settlements occurring in 2013 in which the law firm served as lead or co-lead counsel. The SCAS 50 report does not include data on derivative or merger lawsuits for which Levi & Korsinsky is an industry leader, having recovered millions of dollars on behalf of investors in 2013. Our firm is proud to be honored with this distinction and will continue to aggressively advocate on behalf of its clients nationwide.

Click here to view the Stipulation and Agreement of Compromise, Settlement and Release.    

On April 24, 2014, Jefferson County Circuit Court of the Commonwealth of Kentucky approved the settlement of a class action against NTS Realty Holdings Limited Partnership (the "Company") and its Board of Directors and certain of its executive officers. The action is captioned, Stephen J. Dannis, et al. v. J.D. Nichols, et al., Case No. 13-CI-00452. Levi Korsinsky LLP as co-lead counsel obtained a 23% increase in the merger consideration (from $7.50 to $9.25 per unit) for a total benefit of $7.4 million for the unit holders of the Company. The settlement was achieved after two years of hard fought litigation, challenging the entire fairness of the going-private squeeze-out merger by NTS’s controlling unitholder and Chairman, Defendant Jack Nichols. The unitholders bringing the action alleged that Nichols' proposed transaction grossly undervalued NTS’s units. The 23% increase in merger consideration achieved by Levi Korsinsky LLP was a remarkable result given that on October 18, 2013, the Special Committee appointed by the Board of Director's had terminated the existing merger agreement with Nichols. Through counsel's tenacious efforts the transaction was resurrected and improved by 23%.