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

Tech Data Corporation [NASDAQ: TECD]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Tech Data Corporation

Oklahoma City, OK (September 26, 2017) – On September 21, 2017, a securities class action lawsuit was filed in the United States District Court for the Middle District of Florida against Tech Data Corporation (NASDAQ: TECD). 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 June 1, 2017 through August 31, 2017. 

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.

This litigation was filed because the Company made false and/or misleading statements, and/or failed to disclose: (1) that it was experiencing execution and operational issues; (2) that these issues were impacting the Company’s financial performance; (3) as a consequence, the Company would not achieve its guidance; and (4) therefore, the Company’s financial statements were materially false and misleading at all relevant times.

On August 31, 2017, during a conference call to discuss results for the second fiscal quarter ended July 31, 2017, the Company’s CEO, Robert Dutkowsky, disclosed that the Company was experiencing execution and operational issues that “impacted us in this quarter in a way that was much larger than we anticipated.” Upon this news, shares of Tech Data fell $22.83 per share on August 31, 2017.

Plaintiff seeks to recover damages on behalf of all Tech Data Corporation 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 Friday, November 24, 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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