Securities fraud litigation history and active cases
In Litigation
1
Settlement
0
Closed
2
Total Settlement
$362.5M
1:17cv8457 • November 1, 2017
Class Period Start
February 27, 2013
Class Period End
January 23, 2018
PSLRA Deadline
May 4, 2018
Case Allegations
10b5
Statutes of Repose
Feb 27, 2016
Country
United States
Court
Federal Court
May 13, 2022
Apr 11, 2022
The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).
May 21, 2021
Motion for Class Certification
The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.
Feb 26, 2021
Jan 29, 2021
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
20-1741 • February 1, 2019
Class Period Start
December 4, 2017
Class Period End
December 6, 2018
PSLRA Deadline
April 2, 2019
Case Allegations
10b5
Statutes of Repose
Dec 4, 2020
Country
United States
Court
Federal Court
Feb 3, 2021
Ruling on Appeal - Closed
Jun 3, 2020
On Appeal
May 7, 2020
Motion to Dismiss Granted
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Sep 27, 2019
Motion to Dismiss
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Sep 4, 2019
Scheduling Order
1:17cv8457 • November 1, 2017
Class Period Start
February 29, 2016
Class Period End
April 23, 2018
PSLRA Deadline
January 2, 2018
Case Allegations
10b5
Statutes of Repose
Mar 1, 2019
Country
United States
Court
Federal Court
Apr 24, 2025
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Mar 20, 2025
Motion for Final Approval of Settlement
The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.
Feb 20, 2025
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Feb 20, 2025
Notice of Pendency
Jan 14, 2025
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
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