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News & Current Cases

Author: Robin Hester

04/13 Settlement Notice (Updated) – KaloBios Pharmaceuticals, Inc. (NASDAQ: KBIO)

To:  All persons and/or entities who purchased common stock in KaloBios Pharmaceuticals, Inc. [NASDAQ: KBIO] during the period from November 18, 2015 to December 16, 2015, inclusive and were damaged thereby; a settlement has been announced in the securities litigation known as In re KaloBios Pharmaceuticals, Inc. Securities Litigation, Case No. 5:15-cv-05841, United States District Court for the Northern District of California..  For additional information about this settlement, please see the Notice and Proof of Claim (links provided below):                                            […]

04/12 Settlement Notice – LendingClub (NYSE: LC)

To:  All persons and/or entities who purchased common stock in Lending Club [NYSE: LC] during the period from  December 10, 2014 through May 6, 2016 , and were damaged thereby; a settlement has been announced in the securities litigation known as  In re LendingClub Securities Litigation, Case No. 3:16-cv-02627-WHA (the “Federal Litigation”) and in the United States District Court for the Northern District of California (the “Court”) and  In re LendingClub Corporation Shareholder Litigation, Case No. CIV 537300 (the “State Litigation”) and for the State of California, County of San Mateo  .  For additional information about this settlement, please see […]

04/09 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Colony NorthStar, Inc.

Oklahoma City, OK (April 9, 2018) – On April 6, 2018, a securities class action lawsuit was filed in the United States District Court for the Central District of California against Colony NorthStar, Inc. (NYSE: CLNS).  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 February 28, 2017 through March 1, 2018.  More specifically, this litigation was […]

04/06 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against IZEA, Inc.

Oklahoma City, OK (April 6, 2018) – On April 4, 2018, a securities class action lawsuit was filed in the United States District Court for the Central District of California against IZEA, Inc. (NASDAQ: IZEA).  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 May 15, 2015 through April 3, 2018.  More specifically, this litigation was filed […]

04/06 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Synacor, Inc.

Oklahoma City, OK (April 6, 2018) – On April 4, 2018, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Synacor, Inc. (NASDAQ: SYNC).  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 May 4, 2016 through March 15, 2018.  More specifically, this litigation was […]

04/05 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Longfin Corp.

Oklahoma City, OK (April 4, 2018) – On April 3, 2018, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Longfin Corp. (NASDAQ: LFIN).  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 December 15, 2017 through April 2, 2018.  According to the Complaint, defendants […]

04/04 Federman & Sherwood Announces a Class Action Settlement with Lime Crime, Inc.

Oklahoma City, OK (April 4, 2018) – Federman & Sherwood is pleased to announce that a settlement has been approved by the Court.  The United States District Court for the Central District of California granted final approval of the settlement for individuals that were customers of LimeCrime.com that had their website username and password potentially exposed  to possible malicious software (Case No. CV 16-503, styled Tess Koenig, et al. v. Lime Crime, Inc.). The Order is available here and the Stipulation of Settlement is accessible here.   

04/03 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against TrueCar, Inc.

Oklahoma City, OK (April 3, 2018) – On March 30, 2018, a securities class action lawsuit was filed in the United States District Court for the Central District of California against TrueCar, Inc. (NASDAQ: TRUE).  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 February 16, 2017 through November 6, 2017.  More specifically, the Complaint alleges that […]

03/30 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against A10 Networks, Inc.

Oklahoma City, OK (March 30, 2018) – On March 22, 2018, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against A10 Networks, Inc. (NYSE: ATEN).  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 February 9, 2016 through January 30, 2018.  More specifically, this litigation was […]

03/30 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Patterson Companies, Inc.

Oklahoma City, OK (March 30, 2018) – On March 28, 2018, a securities class action lawsuit was filed in the United States District Court for the District of Minnesota against Patterson Companies, Inc. (NASDAQ: PDCO).  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 26, 2015 through February 28, 2018.  More specifically, this litigation was filed […]

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