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

UTi Worldwide Inc. [NASDAQ: UTIW]


Federman & Sherwood Reminds Investors of Imminent Deadline in Securities Class Action Filed Against UTi Worldwide Inc.

Oklahoma City, OK (April 29, 2014) -- On March 17, 2014, a securities class action lawsuit was filed in the United States District Court for the Central District of California against UTi Worldwide Inc. (NASDAQ: UTIW) (“UTI” or the “Company”). 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 that UTI issued a series of material or false statements to the market which had the effect of artificially inflating UTI’s market price during the Class Period, which is December 5, 2013 through February 25, 2014.

More specifically, it is alleged that defendants omitted material facts from their Securities and Exchange Commission filings, as well as making public statements that the Company was experiencing a severe cash crunch and was rapidly depleting its lines of credit related to problems it was experiencing with the rollout of its new freight forwarding operating and global financial systems. UTI’s undisclosed liquidity problems were so severe that the Company was forced to engage in an offering of convertible notes and preferred shares totaling over $500 million in order to provide UTI with emergency financing. On February 26, 2014, the Company made disclosures regarding the severity of the Company’s financial problems, causing UTI’s stock prices to fall nearly 30%.

Plaintiff seeks to recover damages on behalf of all UTI Worldwide 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 Friday, May 16, 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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