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Fox Factory Holding Corp. Litigation Report
Case Introduction Marselis v. Fox Factory Holding Corp., et al 1:24-cv-00747-TWT On February 20, 2024, investors sued Fox Factory Holding Corp. (“Fox Factory” or the “Company”) in United States District Court for the Northern District of Georgia, Atlanta Division. Plaintiffs in the federal securities class action allege that they acquired Fox Factory stock at artificially...Read more

March 27, 2024

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App-Based Ride-Sharing and Delivery Company Grab Holdings Limited Must Face Shareholder Suit
On March 12, 2024, Judge Jennifer L. Rochon denied the motion to dismiss in part in the In re Grab Holdings Limited securities class action, sustaining co-lead plaintiffs’ §§ 11, 14(a), and 15 claims with respect to several alleged false and misleading statements in the proxy/registration statement through which Grab went public in a merger with SPAC Altimeter Growth Corp....Read more

March 27, 2024

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InMode Ltd. Litigation Report
Case Introduction Cement Masons’ and Plasters’ Local No. 502 Pension Fund v. Inmode Ltd., et al 2:24-cv-01219 On February 14, 2024, investors sued InMode Ltd. (“InMode” or the “Company”) in United States District Court for the Central District of California, Western Division. Plaintiffs in the federal securities class action allege that they acquired InMode stock...Read more

March 22, 2024

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Court Preliminarily Approves Settlement in In re AppHarvest, Inc. Securities Litigation
Update In re AppHarvest, Inc. Securities Litigation, Case No. 1:21-cv-07985-LJL: A settlement has been reached and was preliminarily approved on March 6, 2024. The settlement provides for the payment of $4.85 million to eligible class members.  Lead plaintiff Alan Narzissenfeld alleged violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 based...Read more

March 13, 2024

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Update in Expensify, Inc. Class Action
Wilhite v. Expensify, Inc., et al., 3:23-cv-01784-JR  is a lawsuit currently pending in the United States District Court for the District of Oregon. The action was filed on behalf of investors in Expensify, Inc. (NASDAQ: EXFY) who allegedly suffered losses due to securities fraud by the company. On March 11, 2024, Magistrate Jolie A. Russo...Read more

March 11, 2024

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L&K to Serve as Lead Counsel Representing ON Semiconductor Shareholders
On February 29, 2024, ON Semiconductor Corporation shareholder Jeffery S. Lew was appointed Lead Plaintiff in the action captioned Hubacek v. ON Semiconductor Corporation et al., Case No. 1:23-cv-1429-GBW, currently pending in the District Court for the District of Delaware.  The action concerns allegations of securities fraud against ON Semiconductor, and plaintiffs seek monetary recovery...Read more

March 6, 2024

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Court Preliminarily Approves Settlement Against PLDT Inc.
Update: Douglas v. PLDT Inc., et. al., Case No. CV 23-00885-CJC (MAAx) Proof of Claim Deadline: June 25, 2024 Class Period: January 1, 2019 through December 21, 2022, inclusive Recovered: $3 Million  A settlement has been reached and was preliminarily approved on March 6, 2024. The settlement provides for the payment of $3 million to...Read more

March 6, 2024

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Levi & Korsinsky to Serve as Lead Counsel in Generac Class Action Lawsuit
Christopher Walling v. Generac Holdings, Inc., et al., 3:23-cv-0080 is a lawsuit currently pending in the United States District Court for the Western District of Wisconsin. The action was filed on behalf of investors in Generac Holdings, Inc. (NYSE: GNRC) who allegedly suffered losses due to securities fraud by the company. On February 7, 2024,...Read more

February 13, 2024

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Levi & Korsinsky Announces $9.5 Million Alloy Steel Merger Settlement
In the class action captioned Karsan Value Funds v. Kostecki Brokerage Pty Ltd., C.A. No. 2021-0899-LWW (Del. Ch),  plaintiffs Karsan Value Funds and Robert Gruters, on behalf of themselves and a class comprised of all unaffiliated stockholders of Alloy Steel, Inc. as of September 17, 2021, have reached a proposed settlement with defendants Kostecki Brokerage...Read more

February 2, 2024

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Court Preliminarily Approves Settlement Against Corcept Therapeutics Incorporated
Update Ferraro Family Foundation, Inc. and James L. Ferraro v. Corcept Therapeutics, Inc., et. al., Case No. 3:19-cv-0372-JD (N.D. Cal.): A settlement has been reached and was preliminarily approved on January 4, 2024. The settlement provides for the payment of $14 million to eligible class members.  Lead plaintiff Ferraro Family Foundation, Inc. and James L....Read more

January 26, 2024

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Levi & Korsinsky is Appointed Co-Lead Counsel in Farfetch Class Action Suit
Ragan v. Farfecth Limited, et al., 8:23-cv-2857-MJM  is a lawsuit currently pending in the United States District Court for the District of Maryland. The action was filed on behalf of investors in Farfetch Limited (NYSE: FTCH) who allegedly suffered losses due to securities fraud by the company. On January 17, 2024, United States District Judge...Read more

January 19, 2024

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$9.5 Million Settlement for Alloy Steel Shareholders
On December 11, 2023, the parties in the action captioned Karsan Value Funds v. Kostecki Brokerage Pty Ltd., C.A. No. 2021-0899-LWW (Del. Ch.) entered into a stipulation of settlement. The settlement, which is subject to court approval, is expected to provide a significant benefit to the former minority shareholders of Alloy Steel International Inc. The...Read more

January 5, 2024

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Settlement Against Bloom Energy Corp. is Preliminarily Approved
In the case captioned Elissa M. Roberts v. Bloom Energy Corp., et al., Case No. 4:19-cv-02935-HSG, a settlement has been reached and was preliminarily approved on October 31, 2023. The settlement provides for the payment of $3 million to eligible class members.  Lead Plaintiff James Everett Hunt and Plaintiffs Juan Rodriguez, Kurt Voutaz, Joel White,...Read more

January 5, 2024

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Lead Plaintiff Appointed in Securities Fraud Class Action Against KeyCorp
On December 26, 2023, shareholder Robert J. Titmas was appointed Lead Plaintiff in the action captioned Gurevitch v. KeyCorp et al., Case No. 1:23-cv-01520-DCN, currently pending in the District Court for the Northern District of Ohio.  The action concerns allegations of securities fraud against KeyCorp, and plaintiffs seek monetary recovery for aggrieved investors. Judge Donald...Read more

January 4, 2024

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Judge Appoints Co-Lead Counsel in Case Against Tandem Diabetes Care, Inc.
On December 5, 2023, Marilyn L. Huff, Senior District Judge in the United States District Court for the Southern District of California, signed an order appointing a group of plaintiffs, Mason Raines, Thomas O. Martel, and Linna Rae Martel, as Co-Lead Plaintiffs in the securities fraud case captioned Lowe V. Tandem Diabetes Care, Inc. et al.,...Read more

December 7, 2023

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