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 […]

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 […]

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 […]

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.   

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 […]

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 […]

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 […]

To:  All persons and/or entities who purchased common stock in GT Advanced Technologies, Inc. [GTAT] during the period from November 5, 2013 through 9:40 a.m. Eastern Standard Time on October 6, 2014, and were damaged thereby; a settlement has been announced in the securities litigation known as Levy v. Gutierrez, et al., Civil Action No. 1:14-cv-00443-JL, United States District Court for the District Of New Hampshire.  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 […]

Oklahoma City, OK (January 2, 2018) – On December 28, 2017, Apple, Inc. posted “A Message to Our Customers” regarding the problems consumers have experienced with their iPhone 5, 6 and 7. Consumers have experienced problems with their iPhones unexpected shutdowns and slower performance in certain situations. To review the message from Apple, click here. If you have own an Apple iPhone 5, 6 or 7 and have experienced unexpected shutdowns or slower performance and would like to join the class action, please click here to obtain the paperwork to be included. Once completed, please email these forms to rkh@federmanlaw.com, fax to (405) 239-2121 […]

Yesterday, December 21, 2017, the Securities and Exchange Commission (“SEC”) fined private equity giant TPG Capital Advisors, LLC for not explicitly disclosing its use of accelerated management fees, related to funds raised nearly a decade ago. The wrist-slap penalty is $13 million, which is below what some rival firms have been forced to pony up. Accelerated monitoring fees are when a private equity fund signs a long-term “monitoring” agreement with a portfolio company (e..g, 10 years), but is allowed to receive all 10 years of payment even if it sells the company before the term expires. Leaving aside the absurdity of […]