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Category: Important Class Action Decisions

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 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.   

07/03 What is Derivative Litigation?

A BRIEF OVERVIEW OF DERIVATIVE LITIGATION A shareholder derivative suit is a type of litigation brought by one or more shareholders on behalf of a corporation against third parties (generally the officers and directors of the corporation) to remedy harm done to the corporation because of the actions (or inaction) by the officers and directors. In a derivative suit, the plaintiff shareholders do not sue on a cause of action on behalf of themselves as individuals. Instead, they sue as a representative of the company on a cause of action on behalf of the corporation. The fundamental basis of a shareholder […]

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