Filtered by Category: Lead Counsel
On November 16, 2022, U.S. District Judge Trevor N. McFadden, of the District of Columbia, appointed Pomerantz LLP as Co-Lead Counsel on behalf of its client, Bratya SPRL, which serves as the Lead Plaintiff, and the class, in In re Bed Bath & Beyond Corporation Securities Litigation, 22-cv- 2541 (D.D.C.). This securities action alleges that the defendants artificially inflated the stock price of Bed Bath & Beyond Corporation by misrepresenting the value and profitability of BBBY. BBBY, together with its subsidiaries, operates a chain of retail stores that sells a wide assortment of merchandise in the home, baby, beauty and wellness markets. The Company operates stores under the names Bed Bath & Beyond…
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On November 8, 2022, U.S. District Judge Percy Anderson of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Nova Scotia Health Employees’ Pension Plan – the Lead Plaintiff, and the class, in Adeel Ashraf v. Miniso Group Holding Limited, et al., CV 22-5815 PA (MRWx) (C.D. Cal.). This securities class action alleges that MINISO Group Holding Limited misled the market by negligently preparing its October 2020 IPO Registration Statement in a manner which failed to disclose related parties, the true condition of its business, and other material matters. MINISO is a Chinese retailer that specializes in various home and lifestyle products with over 5,000 retail stores worldwide. In…
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On October 24, 2022, U.S. District Judge Fred W. Slaughter of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Wong Haping and He Xianghong– the Co-Lead Plaintiffs, and the class, in Zhang v. 17 Education & Technology Group Inc., 22-cv-4937 (C.D. Cal.). This securities class action alleges that 17 Education & Technology Group Inc. misled the market in relation to its initial public offering (“IPO”) and the ongoing development of regulatory efforts in China that would materially impact its operations and financial performance. 17EdTech is an education technology company that provides in-school and after-school K-12 education services to schools, teachers…
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On October 19, 2022, U.S. District Judge Nathanial M. Gorton of the District of Massachusetts appointed Pomerantz LLP as Lead Counsel on behalf of MW Gestion – the Lead Plaintiff, and the class, in In re 1Globe Capital LLC Sec. Lig., 22-cv-11315 (D. Mass.). This securities class action alleges that 1Globe Capital LLC misled the market in connection with their battle for control of Sinovac Biotech Ltd. 1Globe is a family investment office, owned and controlled by Defendant Jiaqiang Li, that focuses on investment in public and private companies in the healthcare and high-tech sectors. Sinovac is a biopharmaceutical company that focuses on researching, developing, manufacturing…
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On October 17, 2022, U.S. Magistrate Judge Marcia M. Henry, of the Eastern District of New York, appointed Pomerantz LLP as Co-Lead Counsel on behalf of its client, Qingping Deng, who serves as the Co-Lead Plaintiff – with another, and the class, in In re Astra Space Inc. f/k/a Holicity Inc. Sec. Lig., 22-cv-737 (E.D.N.Y.). This securities action alleges that Astra Space Inc. misled the market by significantly overstating both the reliability and versatility of its rockets and the commercial prospects for the Company’s business. Astra designs and operates space launch vehicles and ground infrastructure solutions to support space operations that enable customers, including satellite operators, defense contractors and government…
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On September 21, 2022, U.S. District Judge Indira Talwani, of the District of Massachusetts, appointed Pomerantz’s Brenda Szydlo and Dean P. Ferrogari, as Lead Counsel on behalf of Yichun Xie, the Lead Plaintiff, and the class, in Xie v. Desktop Metal, Inc., 22-cv-10297 (D. Mass.). This securities action alleges that Desktop Metal, Inc. misled the market regarding its failure to perform adequate due diligence into the manufacturing and product compliance practices of EnvisionTEC, Inc. before it acquired EnvisionTEC. Desktop Metal is a technology manufacturing company that designs and markets 3D printing systems. On February 16, 2021, the Company acquired EnvisionTEC and certain of its affiliates, which…
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On September 16, 2022, U.S. District Judge Roy B. Dalton Jr., of the Middle District of Florida (Orlando Division), appointed Pomerantz LLP as Co-Lead Counsel on behalf of its client, Michael Edge, who serves as the Co-Lead Plaintiff – with another, and the class, in Edge v. Tupperware Brands Corporation, 22-cv-1518 (M.D. Fla.). This securities action alleges that Tupperware Brands Corporation misled the market regarding its financial performance and condition. Tupperware is a global consumer products company that markets kitchen and household products, including its well-known line of plastic food storage containers. The Company also makes…
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On August 25, 2022, U.S. Magistrate Judge Scott T. Varholak, of the District of Colorado, appointed Pomerantz LLP as Lead Counsel on behalf of Jan Lambert, the Lead Plaintiff, and the class, in Saee v. Enservco Corporation, 22-cv-1267 (D. Colo.). This securities action alleges that Enservco Corporation misled the market regarding the effectiveness of its disclosure controls, the accuracy of its financial statements, and the true scope of its financial reporting issues. Enservco, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the U.S. Allegations against Enservco include that: (i) the Company…
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On August 5, 2022, U.S. District Judge Fernando L. Aenlle-Rocha, of the Central District of California, appointed Pomerantz LLP as Lead Counsel on behalf of Ken Callen, the Lead Plaintiff, and the class, in Boudre v. Resonant, Inc., 22-cv-3403 (C.D. Cal.). This securities action alleges that Resonant, Inc. ("Resonant" or the "Company") misled the market regarding its financial projections, valuation, and reasonability of the tender offer from PJ Cosmos Acquisition Company, Inc. (“PJ Cosmos”) – a wholly-owned subsidiary of Murata Electronics North America, Inc. (“Murata”) – for a merger (“the “Merger”). Resonant designs and develops radio frequency (“RF”) filters, design software and…
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On August 3, 2022, U.S. Magistrate Judge Peggy Kuo of the Eastern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Tse Winston Wing Kuen and James Liner – the Co-Lead Plaintiffs – with others, and the class, in Poirier v. Bakkt Holdings, Inc., 22-cv-2283 (E.D.N.Y.). This securities action alleges that Bakkt Holdings, Inc. misled the market through faulty financial controls and reporting. Bakkt is a digital asset platform that enables business and retail customers to manage payments and buy, sell, spend and redeem digital financial assets, including cryptocurrencies and loyalty rewards. The Company was formed…
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On July 22, 2022, U.S. District Judge John H. Chun of the Western District of Washington appointed Pomerantz LLP as Co-Lead Counsel on behalf of Menora Mivtachim Insurance Ltd., Menora Mivtachim Pensions and Gemel Ltd., The Phoenix Insurance Company, Ltd. and The Phoenix Provident Pension Fund Ltd. – the Co-Lead Plaintiffs, and the class, in Joyce v. Amazon.com, Inc., 22-cv-617 (W.D. Wash.). This securities action alleges that Amazon.com, Inc. misled the market by concealing that it had engaged in anticompetitive behavior. Amazon is a multinational company that engages primarily in the businesses of e-commerce, cloud computing…
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On July 12, 2022, U.S. District Judge Vince Chhabria of the Northern District of California appointed Pomerantz LLP as Lead Counsel on behalf of The Phoenix Insurance Company Ltd. and The Phoenix Provident Pension Fund Ltd. – the Lead Plaintiffs, and the class, in Felipe v. Playstudios, Inc., 22-cv-2164 (N.D. Cal.). This securities action alleges that PLAYSTUDIOS, Inc. misled investors and the market about the state of development, financial prospects and future projections for Kingdom Boss, its flagship game. PLAYSTUDIOS is a developer and publisher of free-to-play casual games for mobile and social platforms. The Company was formed through a merger between…
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On July 7, 2022, U.S. District Judge Jacqueline Scott Corley of the Northern District of California (San Francisco Division) appointed Pomerantz LLP as Lead Counsel on behalf of Tyler hardy, the Lead Plaintiff, and the class, in Hardy v. Embark Technology, Inc., 22-cv-2090 (N.D. Cal.). This securities action alleges that Embark Technology, Inc. failed to perform adequate due diligence related to its merger with Embark Trucks Inc. (“Legacy Embark”) (the “Business Combination”) and overstated the business and financial prospects of the Company. Embark develops self-driving software solutions for the trucking industry in the U.S., including autonomous trucking…
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On July 1, 2022, U.S. District Judge Fernando L. Aenlle-Rocha of the Central District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Jason Rofeh – the Co-Lead Plaintiff, and the class, in Pizzuto v. Homology Medicines, Inc., 22-cv-1968 (C.D. Cal.). This securities action alleges that Homology Medicines, Inc. misled the market regarding the efficacy of its lead product candidate, HMO-102 – a gene therapy for the treatment of phenylketonuria in adults – and overstated the regulatory and commercial prospects for the drug. Homology is a genetic medicines company that develops treatments for rare genetic diseases at…
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On May 27, 2022, U.S. Magistrate Judge Vera M. Scanlon of the Eastern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Abraham Kiswani, the Co-Lead Plaintiff, and the class, in Deputy v. Akebia Therapeutics, Inc., 22-cv-1411 (E.D.N.Y.). This securities action alleges that Akebia Therapeutics, Inc. misled the market regarding the efficacy of its lead product, vadadustat, and overstated the regulatory and commercial prospects for the drug. Akebia is a biopharmaceutical company that focuses on the development and commercialization of therapeutics for patients suffering from kidney disease. The Company’s lead product…
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On June 7, 2022, U.S. District Judge Victor Marrero of the Southern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Si Fan and Amit Batra – Co-Lead Plaintiffs in the case – and the class, in In re Grab Holdings Limited Securities Litigation, 22-cv-2189 (S.D.N.Y.). This securities action alleges that Grab Holdings Limited misrepresented its financial performance and prospects. Grab is a Southeast Asia-based technology company that provides access to transportation, food delivery and financial services via a mobile application. On December 1, 2021, Grab became a public entity via a business combination with…
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On June 6, 2022, U.S. District Judge Yvonne Gonzalez Rogers of the Northern District of California appointed Pomerantz LLP as Lead Counsel on behalf of the Lead Plaintiffs – Menora Mivtachim Insurance Ltd., Menora Mivtachim Pensions and Gemel Ltd., The Phoenix Insurance Company, Ltd., and The Phoenix Provident Pension Fund Ltd. – and the class, in Plumbers and Steamfitters Local 60 Pension Trust v. Meta Platforms, Inc., 22-cv-1470 (N.D. Cal.). This securities action alleges that Meta Platforms, Inc. misled the market regarding its mitigation efforts to counteract changes that Apple, Inc. made to the iOS operating system that negatively impacted…
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On June 3, 2022, U.S. District Judge Susan Illston of the Northern District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Leon Yu and Max Wisdom Technology Limited – Co-Lead Plaintiffs in the case – and the class, in Modrak v. Talis Biomedical Corporation, 22-cv-105 (N.D. Cal.). This securities action alleges that Talis Biomedical Corporation failed to disclose deficiencies in the testing of its Talis One COVID-19 test (“Talis One”) and the resulting delays with its application to the U.S. Food and Drug Administration (“FDA”) for Emergency Use Authorization (“EUA”). Talis is a medical manufacturing company that focuses on creating “point of care…
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On May 20, 2022, U.S. Magistrate Judge Becky R. Thorson of the District of Minnesota appointed Pomerantz LLP as Co-Lead Counsel on behalf of Ricardo Dario Schammas, the Co-Lead Plaintiff, and the class, in Steamfitters Local 449 Pension & Retirement Security Funds v. Sleep Number Corporation, 21-cv-2669 (D. Minn.). This securities action alleges that Sleep Number Corporation failed to disclose significant disruptions in its supply chain which resulted in a failure to fulfill orders in a timely manner and to meet surging customer demand. Sleep Number manufactures beds and bedding accessories, including the Sleep Number 360® smart bed…
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On May 9, 2022, U.S. District Judge Catherine C. Eagles of the Middle District of North Carolina appointed Pomerantz LLP as Lead Counsel on behalf of Jeffrey D. Fisher, the Lead Plaintiff, and the class, in Fisher v. Fennec Pharmaceuticals, Inc., 22-cv-115 (M.D.N.C.). This securities action alleges that Fennec Pharmaceuticals, Inc. misled the market regarding its remediation of manufacturing issues with Pedmark, its lead product candidate, and overstated the regulatory and commercial prospects for the drug. Fennec is a biopharmaceutical company that develops product candidates for use in the treatment of pediatric cancer…
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