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News & Current Cases

Author: Robin Hester

08/24 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Textron, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (August 24, 2019) – On August 22, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Textron, Inc. (NYSE: TXT).  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 January […]

08/24 UBS Group AG and Merrill Lynch are being Investigated for Sales of Unsuitable Investments

Oklahoma City, OK  (August 23, 2019) – Federman & Sherwood has initiated an investigation of UBS Group AG and Merrill Lynch.  UBS Group AG (NYSE:  UBS) sold a very complex investment strategy called Yield Enhancement Strategy (YES). Merrill Lynch sold a similar product called the Collateral Yield Enhancement Strategy (CYES). The primary strategy of these complex trading strategies, both of which utilized leverage and borrowed money putting investors at further risk, is called an “Iron Condor”. This involves simultaneously entering into multiple option positions at the same time while essentially betting on the volatility of the market and certain indexes. […]

08/19 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against SAExploration Holdings, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (August 19, 2019) – On August 18, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of Texas against SAExploration Holdings, Inc. (NASDAQ: SAEX).  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 […]

08/15 An Investigation of Carl Icahn, Icahn Related Representatives and Cheniere Energy, Inc. for Possible Insider Trading and Violations of Federal Securities Laws Has Been Announced

Oklahoma City, OK (August 15, 2019) – Federman & Sherwood is investigating transactions by Carl Icahn in Cheniere Energy, Inc. (NYSE American:  LNG) common stock and potential breaches of fiduciary duty by Icahn’s representatives and Cheniere board members Samuel Merksamer, Neal Shear and Gian Andrea Botta, among others. The allegations include statements including insider trading by Icahn and breaches of fiduciary duty by Cheniere board members to do Icahn’s bidding and oust Cheniere founder, former Chairman and CEO Charif Souki (“Souki”). The allegations include possible agreements with board members to oust Souki and abandon ongoing projects to focus on short […]

08/15 Federman & Sherwood Announces Investigation of Cheniere Energy, Inc., Carl Icahn and Icahn Related Representatives for Possible Violations of Federal Securities Laws

Oklahoma City, OK (August 15, 2019) – Federman & Sherwood, a boutique litigation law firm with offices in Texas and Oklahoma is investigating transactions in Cheniere Energy, Inc. (NYSE American:  LNG) stock by Carl Icahn (“Icahn”) and potential breaches of fiduciary duty by his representatives or Cheniere board members Samuel Merksamer, Neal Shear and Gian Andrea Botta, among others. The allegations, only recently disclosed and withheld from the public include statements including insider trading by Icahn and breaches of fiduciary duty by Cheniere board members to effectively do Icahn’s bidding and oust Cheniere founder, and then Chairman and CEO Charif […]

08/14 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Granite Construction Incorporated

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (August 14, 2019) – On August 13, 2019, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against Granite Construction Incorporated (NYSE: GVA).  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 October […]

08/14 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Pluralsight, Inc.

To join this class action, please complete the following Investor Certification.   Oklahoma City, OK (August 14, 2019) – On August 13, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Pluralsight, Inc. (NASDAQ: PS).  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 […]

08/14 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against International Flavors & Fragrances, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (August 14, 2019) – On August 12, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against International Flavors & Fragrances, Inc. (NYSE: IFF).  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, […]

08/08 Federman & Sherwood Reminds Investors of Imminent Lead Plaintiff Deadline in the Securities Class Action Lawsuit against Pivotal Software, Inc.

If you purchased Pivotal Software, Inc. shares (1) traceable to Pivotal’s April 2018 initial public offering and/or (2) Pivotal securities between April 24, 2018 and June 4, 2019, have large losses as a result of your trades during this time period, and wish to join this litigation as a potential lead plaintiff, please complete the following Investor Certification.  On June 20, 2019, a class action lawsuit was filed in the United States District Court for the Northern District of California against Pivotal Software, Inc. (NYSE: PVTL).  Federman & Sherwood reminds current and former shareholders of Pivotal Software, Inc. that they […]

08/08 Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against 2U, Inc.

To join this class action, please complete the following Investor Certification.  Oklahoma City, OK (August 8, 2019) – On July 30, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against 2U, Inc. (NASDAQ: TWOU).  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 […]

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