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

Skullcandy, Inc. [NASDAQ: SKUL]

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

Oklahoma City, OK (February 16, 2016) – On February 12, 2016, a securities class action lawsuit was filed in the United States District Court for the District of Utah against Skullcandy, Inc. (NASDAQ: SKUL).  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 August 7, 2015 through January 11, 2016.  More specifically, this litigation was filed because throughout the Class Period the Company made false and/or misleading statements and/or failed to disclose that: (i) the Company’s third quarter and full year 2015 revenue and net income guidance were unattainable; (ii) the fourth quarter and full year 2015 revenue and net income guidance were unattainable; (iii) the Company intentionally failed to timely disclose the Company's challenges with its largest China distributor; (iv) Defendant Rick Alden and Ptarmagin, an entity controlled by Alden, with full knowledge of the undisclosed materially adverse facts alleged herein, embarked on a selling spree of personal holdings of SKUL common stock at artificially inflated prices, which sales they made without first disclosing these adverse material facts known to Defendants and withheld from the market, which permitted them to engage in unusual insider selling and realize proceeds in excess of $4 million; and (v) as a result of the foregoing, the Company’s statements about SKUL's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.  Because of the foregoing omissions and/or misleading statements, the Company’s common stock traded at artificially inflated prices. 

Plaintiff seeks to recover damages on behalf of all Skullcandy, 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 Tuesday, April 12, 2016 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 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.

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