U.S. courts approved more securities class-action settlements in 2016 than in any year since 2010, according to a report from Cornerstone Research. The 85 settlements reached last year were just five more than the previous year. However, the aggregate dollar amount in the cases, just under $6 billion, was nearly double the 2015 total and the second-most in the past decade.
Tennessee has become the first state in the U.S. to file a lawsuit against the federal government over its refugee resettlement program on the basis that it violates the 10th Amendment and places an undue economic burden on the state’s taxpayers. The lawsuit, filed Monday in federal district court on behalf of the Tennessee Assembly and two state lawmakers, was brought by Thomas More Law …
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of Kandi Technologies Group, Inc. securities (KNDI) from March 16, 2015 through March 13, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Kandi investors under the federal securities laws. To join the …
Pomerantz LLP announces that a class action lawsuit has been filed against Mallinckrodt plc (“Mallinckrodt” or the “Company”) (NYSE:MNK) and certain of its officers. The class action, filed in United States District Court, District of Columbia, is on behalf of a class consisting of investors who purchased or otherwise acquired Caterpillar securities, seeking to …
Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Invuity, Inc. (“Invuity” or the “Company”) (IVTY). Investors who purchased or otherwise acquired Invuity shares between July 19, 2016, and November 3, 2016, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the April 28, 2017 lead …
The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of PixarBio Corporation (OTC MKTS: PXRB) (1) pursuant and/or traceable to PixarBio’s private placement that closed on October 30, 2016; and/or (2) publicly traded on the open market from October 31, 2016 through January 20, 2017. …
The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of RH (formerly known as Restoration Hardware) (NYSE: RH) between March 26, 2015 to June 8, 2016. You are hereby notifiedthat a securities class action lawsuit has been commenced in the USDC for the Northern District of …
Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against AmTrust Financial Services Inc. (“AmTrust” or the “Company”) (Nasdaq: AFSI). Investors who purchased or otherwise acquired AmTrust shares between May 10, 2016, and February 24, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the …
Goldberg Law PC announces the filing of a class action lawsuit against Invuity, Inc. (“Invuity” or the “Company”) (Nasdaq: IVTY). Investors who purchased or otherwise acquired Invuity shares between July 19, 2016, and November 3, 2016, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the April 28, 2017 lead plaintiff deadline. If you …
Uber’s very bad February just got worse. Google’s (er, Alphabet’s) self-driving car company, Waymo, filed a lawsuit against Uber on Thursday, claiming Uber stole its design for a laser-scanning detection system from Waymo. The heart of the claim focuses on Otto, a self-driving trucking company founded by former Google engineer Anthony Levandowski and acquired by Uber for $680 million in August …