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News & Current Cases

Author: Priscilla M. Scoggins

09/15 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against loanDepot, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (September 15, 2021) – On September 3, 2021, a securities class action lawsuit was filed in the United States District Court for the Central District of California Southern Division against loanDepot, Inc. (NYSE: LDI).  The complaint alleges violations of federal securities laws, Sections 11 and 15 of the Securities Exchange Act of 1933, 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 February 16, 2021 […]

08/17 Federman & Sherwood Announces an Investigation into Sesen Bio for Potential Securities Law Violations

To join this class action, please complete the following Investor Certification.  Investor Certification Form Oklahoma City, OK (August 17, 2021) – Federman & Sherwood is investigating Sesen Bio (NASDAQ: SESN) for potential securities law violations.  The allegations are of 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.  More specifically, after the company announced their second quarter 2021 earnings, the shares of Sesen Bio traded up […]

08/03 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Coinbase Global, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (August 3, 2021) – On July 22, 2021, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against Coinbase Global, Inc. (NASDAQ: COIN).  The complaint alleges violations of federal securities laws, Sections 11, 12(a)(2) and 15 of the Securities Exchange Act of 1933 and Title 15 United States Code Sections 77k,77l(a)(2) and 77o, including allegations of issuing a series of materially false misrepresentations to the market which had the effect of artificially inflating the market price […]

07/28 Federman & Sherwood Announces the Filing of a Class Action On Behalf of ClearBalance Data Breach Victims

To join this class action, please complete the following Questionnaire.  Questionnaire & Fee Agreement Oklahoma City, OK (July 28, 2021) – Federman & Sherwood has filed a class action on behalf of ClearBalance customers whose confidential information was disclosed to cybercriminals during a data breach involving ClearBalance’s email accounts. ClearBalance services loans made by banks to patients of healthcare providers. On March 8, 2021, cybercriminals infiltrated ClearBalance’s email account through a successful phishing attack. ClearBalance was unaware of the security breach until April 26, 2021, after the criminals had already attempted to commit wire fraud. The subsequent investigation into the […]

07/28 Federman & Sherwood Announces an Investigation of the UC San Diego Health Data Breach

To join this class action, please complete the following Questionnaire and Fee Agreement.  Questionnaire & Fee Agreement Oklahoma City, OK (July 28, 2021) – On or around July 27, 2021, UC San Diego Health (“UCSD Health”) announced that a recent phishing attack on employee email accounts may have exposed a range of personal and highly sensitive data between the dates of December 2, 2020 through April 8, 2021. UCSD Health’s investigation into the breach has thus far revealed that cybercriminals were able to access the following highly confidential information: Full name, address, date of birth, email, fax number, claims information […]

07/22 Weak US Privacy Law Hurts America’s Global Standing

Unrestrained data collection and selling doesn’t just harm citizens at home. It’s terrible foreign policy. Original article posted on Wired.com https://www.wired.com/story/weak-us-privacy-law-hurts-americas-global-standing/ Justin Sherman 7/20/2021   Last month, President Joe Biden signed an executive order replacing former president Trump’s orders that attempted to “ban” TikTok and WeChat in the United States. Among several praiseworthy components, it called for far more evidence-driven risk assessment of foreign software than the Trump administration’s. But the order focused entirely on data risks posed by foreign governments. Data risks posed by domestic firms, from widespread data collection to unrestricted data selling, also demand action from Washington. […]

07/21 Federman & Sherwood Announces the Investigation of the ClearBalance Data Breach

To join this class action, please complete the following Questionnaire.  Questionnaire & Fee Agreement Oklahoma City, OK (July 21, 2021) – On March 8, 2021, ClearBalance was a victim of a phishing attack. However, the security breach was not identified until April 26, 2021. The investigation into the breach revealed that cybercriminals were able to access the following highly confidential information: Names, tax IDs, Social Security numbers, dates of birth, government-issued ID numbers, telephone numbers, healthcare account numbers, balance amounts, dates of service, ClearBalance loan numbers and balances, personal banking information, clinical information, health insurance information, and full-face photographic images. […]

07/07 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Rekor Systems, Inc. f/k/a Novume Solutions, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (July 7, 2021) – On June 29, 2021, a securities class action lawsuit was filed in the United States District Court for the District of Maryland (Northern Division) against Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (NASDAQ: REKR; NVMM).  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 […]

06/28 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Home Point Capital Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (June 28, 2021) – On June 21, 2021, a securities class action lawsuit was filed in the United States District Court for the Eastern District of Michigan against Home Point Capital Inc (NASDAQ: HMPT).  The complaint alleges violations of federal securities laws, Sections11 and 15 of the Securities Act of 1933, 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 began with the initial public offering […]

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