Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

LSB INDUSTRIES, INC. (LXU) Class Action Lawsuit (September 2015)

Closed

1:15cv7614 • September 25, 2015

Class Period Start

November 7, 2014

Class Period End

November 5, 2015

PSLRA Deadline

November 24, 2015

Case Allegations

10b5

Statutes of Repose

Nov 7, 2017

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

July 23, 2019

Settlement Fund

$18,450,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired LSB Common Stock or LSB Call Options, or sold LSB Put Options, and were damaged thereby during the period between November 7, 2014 and November 5, 2015, inclusive .

Claim Administrator

JND Legal Administration
Wilson v. LSB Industries, Inc. et al. c/o JND Legal Administration P.O. Box 91236 Seattle, WA 98111-9336
+1 833-402-1726
[email protected]

Hearing Date

June 28, 2019

Opt-out Deadline

June 7, 2019

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Sep 21, 2020

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jun 28, 2019

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.

May 1, 2019

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 25, 2019

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.

Jan 18, 2019

Proposed Settlement

Mar 9, 2017

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in LSB INDUSTRIES, INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 2, 2017

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Apr 1, 2016

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.

Dec 15, 2015

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Sep 25, 2015

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in LSB INDUSTRIES, INC..

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