Search Securities Litigation Archive
Access information on more than 200 case filings over the past two years.
Sample materials
Vitamin Shoppe
Class Period:
May 8, 2012 – February 25, 2013
Jurisdiction:
USDC – New Jersey
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued false and misleading statements regarding the company’s operations, business trends, and same-store sales trends.
Digital Generation
Class Period:
June 20, 2011 – February 19, 2013
Jurisdiction:
USDC – Texas (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made false and misleading statements regarding the company’s growth and value of its acquisitions.
Intuitive Surgical
Class Period:
October 19, 2011 – April 18, 2013
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made misleading statements regarding safety and effectiveness of the company’s da Vinci Surgical System, the company’s business metrics, and financial prospects.
UniTek Global Services
Class Period:
May 18, 2011 – April 12, 2013
Jurisdiction:
USDC – Pennsylvania (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose internal control deficiencies that resulted in improper revenue recognition and restatement of previously issued financial results.
The Phoenix Companies
Class Period:
May 5, 2009 – November 6, 2012
Jurisdiction:
USDC – Connecticut
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose certain errors in the company’s cash flow statements.
Magnum Hunter Resources
Class Period:
May 3, 2012 – April 16, 2013
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose material weaknesses in the company’s valuation of its oil and gas properties.
Wyeth
Class Period:
July 21, 2008 – July 29, 2008
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants illegally traded the company’s common stock based on material nonpublic information regarding the disappointing clinical trial results for the company’s drug bapineuzumab.
Exide Technologies
Class Period:
February 9, 2012 – April 3, 2013
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed the company’s potential liability due to toxic conditions of its recycling facilities, inability to meet debt obligations, and potential insolvency.
Autoliv
Class Period:
October 26, 2010 – August 1, 2011
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company’s gross margins and earnings were inflated due to the company’s anti-competitive practices dating back to 2009.
Wal-Mart de Mexico
Class Period:
February 21, 2012 – April 22, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
ADS
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misstated the nature of the company’s business operations and expenditures and concealed the company’s illegal actions.
Star Scientific
Class Period:
October 31, 2011 – March 18, 2013
Jurisdiction:
USDC – Virginia (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants engaged in potentially illegal transactions involving the company’s securities, including certain private placements and related party transactions since 2006.
Harvest Natural Resources
Class Period:
May 7, 2010 – March 18, 2013
Jurisdiction:
USDC – Texas (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose certain errors in the company’s financial statements and misrepresented the company’s ability to sell its interests in Petrodelta S.A.
Avid Technology
Class Period:
April 22, 2011 – February 22, 2013
Jurisdiction:
USDC – Massachusetts
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to treat software updates to certain products as post-contract customer support under GAAP.
Spectrum Pharmaceuticals
Class Period:
August 8, 2012 – March 12, 2013
Jurisdiction:
USDC – Nevada
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed the impact that the increased availability of a competing generic drug would have on sales of the company’s oncology drug FUSILEV.
Navistar International
Class Period:
November 3, 2010 – August 1, 2012
Jurisdiction:
USDC – Illinois (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company’s engine technology was not in compliance with the EPA standards and misrepresented recall costs in the company’s SEC filings.
Great Lakes Dredge & Dock
Class Period:
August 7, 2012 – March 14, 2013
Jurisdiction:
USDC – Illinois (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants improperly recognized the company’s revenue by including certain pending change orders where client acceptance was not finalized.
Diodes
Class Period:
February 9, 2011 – June 9, 2011
Jurisdiction:
USDC – Texas (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the extent of labor problems in the company’s manufacturing facility in China and decreasing demand for the company’s products.
VeriFone Systems
Class Period:
December 14, 2011 – February 19, 2013
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the company’s improper revenue recognition, lack of organic growth, and failure to move to a subscription-based service model.
Maxwell Technologies
Class Period:
April 28, 2011 – March 7, 2013
Jurisdiction:
USDC – California (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the company’s revenue and earnings by failing to timely recognize revenue from sales to certain distributors.
Impax Laboratories
Class Period:
June 6, 2011 – March 4, 2013
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose manufacturing deficiencies at the company’s California facility and their adverse impact on the company’s ability to launch the new drug RYTARY.
ITT Educational Services
Class Period:
April 22, 2010 – February 25, 2013
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to properly account for the company’s 2009 loan risk-sharing agreement and its PEAKS Private Student Loan Program.
Deer Consumer Products
Class Period:
March 2, 2010 – March 21, 2011
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued false audit opinions on the company’s financial statements by failing to disclose the company’s overstated revenue.
Atlantic Power
Class Period:
July 23, 2010 – March 4, 2013
Jurisdiction:
USDC – Massachusetts
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented the company as being financially capable of maintaining the outsized dividend payment.
Tangoe
Class Period:
December 20, 2011 – September 5, 2012
Jurisdiction:
USDC – Connecticut
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the company’s organic growth by underreporting the percentage of revenue derived from recent acquisitions.
Incyte
Class Period:
April 26, 2012 – August 1, 2012
Jurisdiction:
USDC – Delaware
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented sales growth of the company’s drug Jakafi as more advanced-stage myelofibrosis patients stopped using the drug.
Epocrates
Class Period:
February 2, 2011 – August 9, 2011
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a), 11, 12
Complaint Allegations:
Defendants failed to disclose that the company’s revenue growth was negatively affected by delays in marketing activities of clients awaiting FDA guidance.
Affymax
Class Period:
December 8, 2011 – February 22, 2013
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants understated potential liabilities related to the sales of the company’s primary drug OMONTYS, including refunds and potential liability to injured patients.
Raser Technologies
Class Period:
March 17, 2010 – April 29, 2011
Jurisdiction:
USDC – Colorado
Securities:
Common stock
Claims:
10(b)
Complaint Allegations:
Defendant failed to issue a qualified opinion on the company’s 2009 financial statements by disregarding the overstated carrying value of the company’s Thermo No. 1 plant.
Poseidon Concepts
Class Period:
May 9, 2012 – February 14, 2013
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the company’s revenue and accounts receivable in the company’s 2012 financial statements.
Netflix
Class Period:
July 3, 2012 – July 24, 2012
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misled investors to believe that the company would reach annual growth targets in net additions of domestic subscribers.
Family Dollar Stores
Class Period:
October 3, 2012 – January 2, 2013
Jurisdiction:
USDC – North Carolina (Western)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose a softer than anticipated demand for the company’s higher-end discretionary items during the 2012 holiday season and much higher sales of lower-margin consumables.
Mellanox Technologies
Class Period:
April 19, 2012 – January 2, 2013
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose a slowdown in the adoption of the company’s technology, growing competition, and increased customer complaints regarding the company’s products.
YPF Sociedad Anonima
Class Period:
March 23, 2011 – February 5, 2013
Jurisdiction:
USDC – New York (Southern)
Securities:
ADS
Claims:
11, 12
Complaint Allegations:
Defendants failed to disclose that the company faced a risk of nationalization by the Argentinean government.
Keryx Biopharmaceuticals
Class Period:
June 1, 2009 – April 1, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misled investors about the timing and success of the clinical trial of the company’s drug under development, perifosine.
Cirrus Logic
Class Period:
July 31, 2012 – October 31, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the company’s increasing dependence on its largest customer, diminishing sales growth, and difficulties in the company’s supply chain.
Yum! Brands
Class Period:
October 9, 2012 – January 7, 2013
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed that the company’s chicken supplier had been feeding toxic chemicals to chickens sold to KFC China.
Tellabs
Class Period:
October 26, 2010 – April 26, 2011
Jurisdiction:
USDC – Illinois (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed declining revenues by accelerating revenue recognition and failed to disclose weakness in the company’s North American business.
magicJack VocalTec
Class Period:
February 28, 2012 – January 8, 2013
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the company’s revenue, earnings, and cash flow in SEC filings.
Commonwealth Bankshares
Class Period:
May 9, 2008 – September 23, 2011
Jurisdiction:
USDC – Virginia (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants underreported the company’s allowance and provision for loan and lease losses.
VeriSign
Class Period:
June 25, 2012 – October 25, 2012
Jurisdiction:
USDC – Virginia (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants downplayed the importance of the U.S. Department of Commerce review of the .com registry agreement and concealed challenges to the company’s registry pricing scheme.
TierOne
Class Period:
March 13, 2009 – May 14, 2010
Jurisdiction:
USDC – Nebraska
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued a materially false and misleading audit opinion for the company’s fiscal year 2008 financial results.
Longwei Petroleum Investment Holding
Class Period:
May 17, 2010 – January 3, 2013
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose a related party transaction involving the company’s CEO and issued contradictory financial statements to Chinese authorities and the SEC.
Electronic Game Card
Class Period:
April 5, 2007 – February 19, 2010
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented the company’s assets and true financial condition in the company’s financial statements.
Silvercorp Metals
Class Period:
June 24, 2010 – September 13, 2011
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the quality and quantity of the company’s ore reserves and reported lower production levels in filings to Chinese authorities than in filings made to the SEC.
Isis Pharmaceuticals
Class Period:
March 29, 2012 – October 15, 2012
Jurisdiction:
USDC – California (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued materially false and misleading statements regarding the safety and efficacy of KYNAMRO, the company’s drug in development.
CommonWealth REIT
Class Period:
January 10, 2012 – August 8, 2012
Jurisdiction:
USDC – Massachusetts
Securities:
Common shares of beneficial interest
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company was experiencing softness in the leasing market and that existing tenants were demanding and receiving significant concessions.
Qiao Xing Mobile Communication
Class Period:
September 10, 2010 – May 2, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Securities
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company was unable to provide accurate and current information regarding its current financial results, operations, or governance and that it lacked adequate internal and financial controls.
Neptune Technologies & Bioressources
Class Period:
December 12, 2011 – November 8, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed that the company failed to obtain a permit to expand its Sherbrooke production facilities and stored excessive levels of acetone on its premises.
Hemispherx Biopharma
Class Period:
March 19, 2012 – December 17, 2012
Jurisdiction:
USDC – Pennsylvania (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued misleading statements regarding the safety and efficacy of Ampligen, the company’s lead product.
Groupon
Class Period:
May 14, 2012 – November 8, 2012
Jurisdiction:
USDC – Illinois (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that much of the company’s growth was coming from low margin businesses and that the company’s prospects for growth were lower than represented.
Elan
Class Period:
July 21, 2008 – July 29, 2008
Jurisdiction:
USDC – New York (Southern)
Securities:
Securities
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants participated in insider trading, acting upon nonpublic information regarding the unfavorable clinical trial results for the safety and efficacy of Bapineuzumab, a drug crucial to the company’s future.
St. Jude Medical
Class Period:
October 17, 2012 – November 20, 2012
Jurisdiction:
USDC – Minnesota
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose material information concerning the FDA inspection of the company’s Sylmar, CA production facility.
Zillow
Class Period:
February 15, 2012 – November 6, 2012
Jurisdiction:
USDC – Washington (Western)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed the company’s difficulties in signing up new real estate agents as subscribers and the churn it was experiencing in existing subscribers.
SandRidge Energy
Class Period:
February 24, 2011 – November 8, 2012
Jurisdiction:
USDC – Oklahoma (Western)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented the extent and value of oil reserves in the company’s Mississippian formation.
KIT digital
Class Period:
May 19, 2009 – November 21, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants improperly recognized revenue from the company’s software license agreements.
SinoHub
Class Period:
May 17, 2010 – August 21, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company lacked effective internal controls over financial reporting.
Hi-Crush Partners
Class Period:
August 16, 2012 – November 21, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
11, 12
Complaint Allegations:
At the time of the IPO, defendants failed to disclose that the company’s largest customer was expressing unwillingness to comply with its supply contract.
Hewlett-Packard
Class Period:
August 19, 2011 – November 20, 2012
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed that the company acquired Autonomy in 2011 based on unreliable financial statements and failed to disclose negative business trends in the company’s Enterprise Services business acquired in 2008.
Align Technology
Class Period:
April 23, 2012 – October 17, 2012
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the company’s financial results by failing to timely write down goodwill associated with the company’s acquisition of Cadent Holdings.
Abiomed
Class Period:
August 5, 2011 – October 31, 2012
Jurisdiction:
USDC – Massachusetts
Securities:
Securities
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misled investors about addressing the FDA’s concerns regarding the company improperly marketing its product, Impella 2.5.
Blyth
Class Period:
March 14, 2012 – November 6, 2012
Jurisdiction:
USDC – Connecticut
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented the company’s business fundamentals and the company’s ability to spin off its investment in ViSalus.
Tennessee Commerce Bancorp
Class Period:
April 18, 2008 – September 13, 2012
Jurisdiction:
USDC – Tennessee (Middle)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose internal control deficiencies relating to the company’s loan portfolio.
Overseas Shipholding Group
Class Period:
March 1, 2010 – October 19, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued false and misleading statements regarding the company’s tax position and financing.
Gold Resource
Class Period:
January 30, 2012 – October 17, 2012
Jurisdiction:
USDC – Colorado
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made misleading statements regarding the operational efficiency and profitability of the company’s mining projects.
Envivio
Class Period:
April 25, 2012 – October 19, 2012
Jurisdiction:
California Superior Court, San Mateo County
Securities:
Common stock
Claims:
11
Complaint Allegations:
At the time of the IPO, defendants failed to disclose that a significant number of the company’s customers were delaying capital spending in the multi-screen video industry.
OCZ Technology Group
Class Period:
July 10, 2012 – October 11, 2012
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented the company’s sales trends and failed to disclose the existence of a sales incentive system.
Chanticleer Holdings
Class Period:
June 21, 2012 – September 10, 2012
Jurisdiction:
USDC – Florida (Southern)
Securities:
Common stock
Claims:
11, 12
Complaint Allegations:
Defendants failed to disclose that the company’s financial statements within the registration statement and the prospectus were not audited.
China Agritech
Class Period:
November 12, 2009 – March 11, 2011
Jurisdiction:
USDC – Delaware
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the company’s revenues and failed to disclose related-party transactions.
Peregrine Pharmaceuticals
Class Period:
August 30, 2012 – September 26, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made misleading statements about the effectiveness of the company’s experimental drug bavituximab and the company’s ability to fund its long term operations.
Questcor Pharmaceuticals
Class Period:
April 26, 2011 – September 21, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made misleading statements regarding the effectiveness of the company’s product Athcar as a treatment for multiple sclerosis and nephrotic syndrome.
Patriot Coal
Class Period:
October 21, 2010 – July 6, 2012
Jurisdiction:
USDC – Missouri (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants improperly accounted for the costs associated with selenium water treatment requirements at the company’s mines.
Digital Domain Media Group
Class Period:
November 18, 2011 – September 6, 2012
Jurisdiction:
USDC – Florida (Southern)
Securities:
Common stock
Claims:
10(b), 20(a), 11, 12
Complaint Allegations:
Defendants misrepresented the company’s debt obligations, ability to raise capital, and capacity to fund daily operations.
Audience
Class Period:
May 9, 2012 – September 13, 2012
Jurisdiction:
California Superior Court, Santa Clara County
Securities:
Common stock
Claims:
11, 12
Complaint Allegations:
At the time of the IPO, defendants concealed that the company’s earSmart technology business was in danger of losing its most lucrative and high-profile client.
ZAGG
Class Period:
February 28, 2012 – August 17, 2012
Jurisdiction:
USDC – Utah (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the CEO Pedersen pledged his shares in the company as collateral on a loan and that the company was planning to replace him as a CEO.
Vertex Pharmaceuticals
Class Period:
May 7, 2012 – June 28, 2012
Jurisdiction:
USDC – Massachusetts
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants overstated the results of the company’s clinical Phase 2 study of combining the experimental drug VX-809 and Kalydeco to treat cystic fibrosis.
Valence Technology
Class Period:
August 3, 2011 – July 12, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misled investors about the company’s business health and future prospects and failed to disclose that the company was headed for bankruptcy.
Ubiquiti Networks
Class Period:
October 14, 2011 – August 9, 2012
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a), 11
Complaint Allegations:
Defendants concealed the extent of counterfeiting activities related to the company’s AirMax products and the impact they would have on the company’s future operating results.
DGSE Companies
Class Period:
April 15, 2011 – April 17, 2012
Jurisdiction:
USDC – Texas (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to properly account for inventory and other balance sheet accounts in the company’s financial statements.
SmartHeat
Class Period:
February 24, 2010 – May 3, 2010
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company’s CEO was selling at least half of his shares in the company for $23 million.
Assisted Living Concepts
Class Period:
March 12, 2011 – August 6, 2012
Jurisdiction:
USDC – Wisconsin (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company was not in compliance with the minimum occupancy covenants and regulatory provisions of its lease with Ventas Realty.
Body Central
Class Period:
November 10, 2011 – June 18, 2012
Jurisdiction:
USDC – Florida (Middle)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented material facts concerning what they described as the company’s “merchandise miss,” as well as the poor operating and financial performance of the company’s stores.
Prudential Financial
Class Period:
May 5, 2010 – November 2, 2011
Jurisdiction:
USDC – New Jersey
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants materially overstated the company’s income by failing to account and reserve for known liabilities associated with deceased policyholders.
Monster Beverage
Class Period:
February 23, 2012 – August 9, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company was improperly advertising, marketing and promoting its Monster Energy brand of energy drinks.
Knight Capital Group
Class Period:
February 29, 2012 – August 1, 2012
Jurisdiction:
USDC – Tennessee (Western)
Securities:
Common stock
Claims:
10(b)
Complaint Allegations:
Defendant failed to disclose risks associated with the company’s electronic trading software.
Chipotle Mexican Grill
Class Period:
February 1, 2012 – July 19, 2012
Jurisdiction:
USDC – Colorado
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company did not have the pricing power to implement price increases sufficient to offset rising food costs.
Hewlett-Packard
Class Period:
November 13, 2007 – August 6, 2010
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that CEO Mark Hurd violated the company’s standards of business conduct.
Eaton Corporation
Class Period:
August 2, 2009 – June 4, 2012
Jurisdiction:
USDC – Ohio (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued false and misleading statements concerning the involvement of the company’s executives in a scheme to influence the Mississippi state court judge in the company’s trade secrets lawsuit against Frisby Aerospace, Inc.
Suntech Power Holding
Class Period:
August 18, 2010 – July 30, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Securities
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made false statements about receiving securities pledged by a related party in connection with a loan guarantee.
Zynga
Class Period:
December 16, 2011 – July 25, 2012
Jurisdiction:
USDC – California (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the negative impact of Facebook’s forthcoming policy changes on the company’s profitability and misrepresented the impact of recent acquisitions on future earnings.
RadioShack
Class Period:
July 26, 2011 – July 24, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the long-term adverse impact of the company’s growth strategy on profitability and misrepresented the company’s financial health through stock repurchase and dividend announcements.
Green Dot
Class Period:
January 26, 2012 – July 26, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to reflect the impact of new competition and new internal risk policies and controls in the company’s revenue outlook.
New Oriental Education & Technology Group
Class Period:
July 21, 2009 – July 17, 2012
Jurisdiction:
USDC – California (Central)
Securities:
ADS
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants improperly consolidated a variable interest entity of the company and its wholly-owned subsidiaries into the company’s consolidated financial statements.
Lime Energy
Class Period:
May 13, 2010 – July 17, 2012
Jurisdiction:
USDC – Illinois (Northern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company was improperly recording revenue and lacked adequate internal and financial controls.
Ignite Restaurant Group
Class Period:
May 11, 2012 – July 20, 2012
Jurisdiction:
USDC – Texas (Southern)
Securities:
Common stock
Claims:
11, 12
Complaint Allegations:
Defendants failed to disclose that the registration statement and the prospectus contained material errors relating to the company’s accounting treatment of leases.
Duke Energy
Class Period:
June 28, 2012 – July 9, 2012
Jurisdiction:
USDC – North Carolina (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a), 11, 12
Complaint Allegations:
Defendants had obtained approval for the company’s merger from the Board of Directors of Progress Energy by failing to disclose that Mr. Rogers would act as the CEO of the combined company.
Bridgepoint Education
Class Period:
May 3, 2011 – July 6, 2012
Jurisdiction:
USDC – California (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants concealed accreditation problems with the company’s Ashford campus.
Barclays
Class Period:
July 10, 2007 – June 27, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
ADS
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants participated in an illegal scheme to manipulate the LIBOR interest rates for the benefit of the company’s traders and to make the company appear financially healthier than it was.
General Motors
Class Period:
November 18, 2010 – June 29, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
11, 12
Complaint Allegations:
Defendants falsely assured investors that the company was actively managing production by monitoring dealer inventory levels and that increased inventories were indicative of higher demand.
Centene
Class Period:
February 7, 2012 – June 8, 2012
Jurisdiction:
USDC – Missouri (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made false and misleading statements concerning the company’s profit and revenue forecasts.
Big Lots
Class Period:
February 2, 2012 – April 23, 2012
Jurisdiction:
USDC – Ohio (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose a decline in the company’s consumables and electronic products business lines.
PolyMedix
Class Period:
March 7, 2011 – May 10, 2012
Jurisdiction:
USDC – Pennsylvania (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misled investors about commercial viability, safety, and market potential of the company’s drug under development, PMX-60056.
American Oriental Bioengineering
Class Period:
November 9, 2009 – June 15, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the company’s ineffective disclosure controls and procedures over financial reporting.
UBS
Class Period:
March 15, 2011 – September 15, 2011
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants made materially false and misleading statements regarding the company’s disclosure controls, procedures and internal controls over financial reporting.
THQ
Class Period:
May 3, 2011 – February 3, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the demand for one of the company’s major products was well below internal expectations.
Tempur-Pedic International
Class Period:
January 25, 2012 – June 5, 2012
Jurisdiction:
USDC – Kentucky (Eastern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company’s competitive position was rapidly deteriorating due to the influx into the market of aggressively priced alternative brands.
St. Jude Medical
Class Period:
December 15, 2010 – April 4, 2012
Jurisdiction:
USDC – Minnesota
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company manipulated foreign currency exchange (FX) trades and engaged in unlawful practices to artificially increase its FX fee revenue.
General Maritime
Class Period:
May 10, 2010 – November 16, 2011
Jurisdiction:
USDC – New York (Southern)
Securities:
Common Stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants issued false and misleading statements regarding the company’s purchase of the Metrostar Vessels and the company’s entrance into a credit facility.
AEterna Zentaris
Class Period:
February 3, 2010 – April 1, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Securities
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misled investors about the timing and success of the clinical trial of the company’s drug under development, perifosine.
ModusLink Global Solutions
Class Period:
September 26, 2007 – June 8, 2012
Jurisdiction:
USDC – Massachusetts
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that the company’s accounting for rebates associated with volume discounts provided by vendors was improper and misleading.
LHC Group
Class Period:
July 30, 2008 – October 26, 2011
Jurisdiction:
USDC – Louisiana (Western)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose that reported growth in the company’s home-based healthcare segment was related to the manipulation of the Medicare home health program.
Central European Distribution
Class Period:
March 1, 2010 – June 4, 2012
Jurisdiction:
USDC – New York (Southern)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants materially inflated the company’s reported net sales by failing to properly account for customer rebates.
Ambow Education Holding
Class Period:
May 18, 2011 – May 16, 2012
Jurisdiction:
USDC – California (Central)
Securities:
ADS
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants failed to disclose the company’s improper revenue recognition and improper accounting for certain business acquisitions.
Deckers Outdoor
Class Period:
October 27, 2011 – April 26, 2012
Jurisdiction:
USDC – California (Central)
Securities:
Common stock
Claims:
10(b), 20(a)
Complaint Allegations:
Defendants misrepresented and omitted material facts concerning inventory and demand for the company’s UGG brand, which had a negative impact on the gross margin.
Tibet Pharmaceuticals
Class Period:
December 28, 2010 – May 25, 2012
Jurisdiction:
District Court of the Virgin Islands, St. Croix Division
Securities:
Common stock
Claims:
11
Complaint Allegations:
Defendants failed to disclose the company’s material internal control deficiencies.
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