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News & Current Cases

Author: Robin Hester

12/10 Settlement – American Realty Capital Properties, Inc. (NASDAQ: ARCP)

To:  All persons and/or entities who purchased common stock in  American Realty Capital Properties, Inc. [NASDAQ: ARCP]  during the period from  FEBRUARY 28, 2013 AND OCTOBER 29, 2014, and were damaged thereby; a settlement has been announced in the securities litigation known as  In re American Realty Capital Properties, Inc. Litigation, Civil Action No. 1:15-mc-00040-AKH, in the  United States District Court for the Southern District of New York. For additional information about this settlement, please see the Notice and Proof of Claim (links provided below): Notice of Pendency and Proposed Settlement of Class Action and Settlement Fairness Hearing; Proof of […]

12/10 Settlement – SAIC, Inc. (NYSE: SAI)

To:  All persons and/or entities who purchased common stock in SAIC, Inc. [NYSE: SAI]  during the period from March 25, 2011, through and including June 2, 2011 (“Class Period”),  and were damaged thereby; a settlement has been announced in the securities litigation known as In re SAIC, Inc. Securities Litigation, Master File No. 1:12-cv-01353-DAB, United States District Court for the Southern District of New York.  For additional information about this settlement, please see the Notice and Proof of Claim (links provided below): Notice of Pendency and Proposed Settlement of Class Action and Settlement Fairness Hearing; Proof of Claim and Release. […]

12/10 Settlement – Iconix Brand Group, Inc. (NASDAQ: ICON)

To:  All persons and/or entities who purchased common stock in  Iconix Brand Group, Inc. [NASDAQ: ICON]   during the period from Feb 22, 2012 through Nov 05, 2015, and were damaged thereby; a settlement has been announced in the securities litigation known as In re Iconix Brand Group, Inc., et al., No. 1:15-cv-04860-PGG (S.D.N.Y.).  For additional information about this settlement, please see the Notice and Proof of Claim (links provided below): Notice of Pendency and Proposed Settlement of Class Action and Settlement Fairness Hearing; Proof of Claim and Release. Claim submission deadline is JANUARY 6, 2020.  If you have any questions […]

12/09 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Net 1 UEPS Technologies, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (December 9, 2019) – On December 5, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS).  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, […]

11/22 Federman & Sherwood Initiates an Investigation of the Data Breach at Solara Medical Supplies, LLC

Federman & Sherwood, a boutique litigation law firm that has been appointed counsel in several data breach cases, has initiated an investigation into the data breach at Solara Medical Supplies, LLC. (“Solara”).  On June 28, 2019, Solar discovered that an unknown actor gained access to its employees Office 365 Accounts as a result of a phishing email campaign.  Customer and employee personal information that may have been accessed included first and last names, address, date of birth, social security number, employee identification number, personal medical information, health insurance information, financial information, credit / debit card information, driver’s license / state […]

11/21 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Plantronics, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (November 21, 2019) – On November 13, 2019, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against Plantronics, Inc. (NYSE: PLT).  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 July 2, […]

11/21 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Lipocine Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (November 21, 2019) – On November 14, 2019, a securities class action lawsuit was filed in the United States District Court for the District of Utah against Lipocine Inc. (NASDAQ: LPCN).  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 March 27, 2019 […]

10/31 Federman & Sherwood Announces that Federal Court finds City of Bixby Police Shooting of a 16 Year Old Boy was Unnecessary and Violated His Constitutional Rights

A federal court in Tulsa, Oklahoma found that a police officer’s shooting death of a 16 year-old boy was unnecessary. The Tulsa County DA refused to prosecute the officer. Judge Gregory K. Frizzel, in citing precedence for the decision, held “… an officer’s use of deadly force without probably cause to believe that a suspect, while driving a vehicle, presents a serious threat of physical harm to himself or others is a violation of clearly established law.” The Opinion and Order was filed in the case styled Tiffany Simpson v. Jon Little, et al., filed in the United States District […]

10/15 Federman & Sherwood Initiates an Investigation of the Data Breach of Chegg, Inc.

Oklahoma City, OK (October 15, 2019) –Federman & Sherwood, a boutique litigation law firm that has been appointed counsel in various data breach cases, has initiated an investigation into Chegg, Inc. relating to a data breach affecting personal information of more than 40 million student users of chegg.com.  Chegg reported that about 40 million user’s data, including user names, email addresses, shipping address and hashed Chegg passwords were accessed.  Chegg reported that the unauthorized party gained access on or around April 29, 2018 to the company database that hosts user data for chegg.com and certain of Chegg’s family of brands […]

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