is a boutique law firm handling complex and class action litigation, including shareholder derivative litigation, securities class actions, data breach and consumer class actions.

Current Securities Class Action Cases

Federman & Sherwood regularly posts press releases about new class action securities cases, which includes the class period and deadlines for appointment of lead plaintiffs.  Please review any of the case listings  below, and if you bought a security during the class period, we invite you to return an investor certification to our office. Our link to an investor certification for any of the cases can be found below each respective press release on that company.  Once completed, please return to our office by email to rkh@federmanlaw.com or fax to (405) 239-2112. 

Current Cases

Celadon Group, Inc. [NYSE: CGI]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Celadon Group, Inc.

To join this class action, click here to obtain an investor certification. Once you have completed, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.

On April 19, 2017, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Celadon Group, Inc. (NYSE: CGI). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is January 27, 2016 through May 1, 2017. More specifically, this litigation was filed because Defendants made false and/or misleading statements and/or failed to disclose that (i) CGI's equity contribution to its joint venture with Element Financial Corp. was $68.2 million, rather than the $100 million contribution the Company reported in its public filings; (ii) the Company is being actively investigated by the SEC; and (iii) that as a result of the foregoing, CGI's publicly disseminated financial statements were materially false and misleading.

On April 5, 2017 a report issued by Prescience Point Research Group charged that "CGI has used off-balance sheet entities…and manipulative accounting practices to hide its insolvent condition from investors and creditors." Then, on April 19, 2017, Prescience Point Research published another report in which they provided correspondence from the Unites States Securities and Exchange Commission indicating that Celadon Group was under investigation by the SEC.

On this news, Celadon Group's stock price fell to close at $5.40 on April 5, 2017.

Plaintiff seeks to recover damages on behalf of all Celadon Group, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, June 19, 2017 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

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