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

GT Advanced Technologies, Inc.

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against GT Advanced Technologies, Inc.

 

Oklahoma City, OK (October 13, 2014) – On October 9, 2014, a securities class action lawsuit against certain executives officers and directors of GT Advanced Technologies, Inc. (NASDAQ: GTAT) (the “Company”) as well as the underwriters of the Company’s public offering of 3.00% Convertible Senior Notes due 2020 and the Company’s public offering of common stock, both conducted on or around December 4, 2013 (the “Offerings”).  The action was filed in the United States District Court for the District of New Hampshire on behalf of all investors of the Company’s securities during the period between November 5, 2013 through October 6, 2014 (the “Class Period”).  This action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”) and the Securities Act of 1933 (the “Securities Act”) on behalf of investors that purchased securities pursuant or traceable to the Offerings.

 

The Complaint alleges that during the Class Period and/or in the offering materials for the Offerings, defendants misrepresented and/or concealed the Company's cash position, expected cash position and revenues, ability to meet the milestones under a critical agreement with Apple for the production of sapphire material, and the progress that the Company was making developing the facility that would produce the sapphire material.

 

On October 6, 2014, the Company announced that it was experiencing a liquidity crisis and filed for bankruptcy in the United States Bankruptcy Court for the District of New Hampshire. On this news, the price of the Company’s stock declined from $11.05 per share to $0.80 per share. Similarly, the price of the Company's 3.00% Convertible Senior Notes due 2020, which had a face value of $1,000 per note, declined from $1,083 per note to $315 per note.

 

Plaintiff seeks to recover damages on behalf of all of the Company’s shareholders who purchased securities during the Class Period or who purchased or otherwise acquired securities through the Offerings and are therefore a member of the Class as described above.  You may move the Court no later than Monday, December 8, 2014 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.

To join this class action, click here to obtain an investor certification.  Once complete, please email this form to kln@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:  Lynn.

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