On May 13, 2021, a group of horseplayers who placed bets on the 2021 Kentucky Derby filed a purported class action lawsuit against Robert Baffert, the trainer of the horse who finished first in the race, Medina Spirit, and against the owner of the horse, Zedan Racing Stables. The lawsuit is currently pending in the Central District of California. It was announced on May 8th at a Sunday press conference (via Lexington, KY., WLEX Television Station) that Medina Spirit tested positive in a post-race test for the banned drug, betamethasone, an anti-inflammatory steroid. This post-race positive drug test has now […]

To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1751″ title=”Contextlogic, Inc. (NASDAQ: WISH) Investor Certification”] Oklahoma City, OK (May 19, 2021) – On May 17, 2021, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against ContextLogic Inc. (NASDAQ: WISH).  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 stock price […]

To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1748″ title=”Array Technologies, Inc. (NASDAQ: ARRY) Investor Certification”] Oklahoma City, OK (May 18, 2021) – On May 14, 2021, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Array Technologies, Inc. (NASDAQ: ARRY).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, Rule 10b-5, and Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, including allegations of issuing a series of material or false […]

A group of horseplayers who placed bets on the 2021 Kentucky Derby filed a purported class action lawsuit against Robert Baffert, the trainer of the horse who finished first in the race, Medina Spirit, and against the owner of the horse, Zedan Racing Stables.  It was announced on May 8th that Medina Spirit tested positive in a post-race test for the banned drug, betamethasone, an anti-inflammatory steroid.  In 2020, Robert Baffert had four different post-race drug tests come back positive.    If Medina Spirit is disqualified, then the 2nd place horse in the race, Mandaloun, will be placed 1st and the […]

To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1737″ title=”PureCycle Technologies, Inc. (NASDAQ: PCT) Investor Certification”] Oklahoma City, OK (May 12, 2021) – On May 11, 2021, a securities class action lawsuit was filed in the United States District Court for the Middle District of Florida against Purecycle Technologies, Inc. (NASDAQ: PCT).  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 […]

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Oklahoma City, OK (April 28, 2021) – Federman & Sherwood, a boutique litigation law firm that has been appointed counsel in several data breach cases, has initiated an investigation into The Kroger Co. relating to a data breach affecting current and former employees. The Kroger Co. claims that it learned of the Data Breach on January 23, 2021 and provided notice on March 11, 2021. However, the Data Breach actually occurred in December of 2020. The Kroger Co. utilized Acellion as a third-party vender for secure file transfers which included personal identifying information. The personal identifying information accessed included names, […]

To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1721″ title=”Renewable Energy Group, Inc. (NASDAQ:  REGI) Investor Certification”] Oklahoma City, OK (March 15, 2021) – On March 2, 2021, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Renewable Energy Group, Inc. (NASDAQ: REGI).  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 […]

Federman & Sherwood previously announced that the Court entered an Order granting preliminary approval to a proposed settlement in the data breach litigation styled Michael Bahnmaier v. Wichita State University, United States District Court for the District of Kansas, Case No. 2:20-cv-00246-JAR-TJJ.  To obtain additional information regarding the settlement and to obtain the claim form, please visit:  http://www.wichitastateuniversitysettlement.com/ The deadline to submit a Claim Form is Monday, July 12, 2021.

To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1712″ title=”Ontrak, Inc. (NASDAQ:  OTRK)  Investor Certification”] Oklahoma City, OK (March 5, 2021) – On March 3, 2021, a securities class action lawsuit was filed in the United States District Court for the Central District of California against Ontrak, Inc. (NASDAQ: OTRK).  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 […]