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United States District Court Denies Motion to Dismiss and Upholds Complaint in Natural Health Trends Lawsuit

Levi & Korsinsky secured a significant victory on December 5, 2016, when Senior United States District Judge Terry J. Hatter, Jr. of the United States District Court for the Central District of California denied Defendants’ Motion to Dismiss in Ford v. Natural Health Trends Corporation (2:16-cv-00255-TJH-AFM).  A copy of the Memorandum Opinion is available here.

The lawsuit seeks to recover damages associated with Natural Health Trends Corporation’s alleged omission in statements and disclosures regarding its compliance with Chinese law. Judge Hatter’s decision confirms the merit of Plaintiff’s allegations and allows the case to proceed to discovery. With this significant accomplishment, Levi & Korsinsky will continue to dedicate its efforts towards the successful prosecution of this lawsuit.


Levi & Korsinsky appointed Lead Counsel by the United States District Court for the Northern District of Illinois in Rossbach v. VASCO Data Security International Incorporated, et al. (Case No. 1:15-cv-06605)

On December 1, 2016, United States District Judge Andrea R. Wood selected Levi & Korsinsky LLP to serve as Lead Counsel in a class action securities lawsuit against VASCO Data Security International Incorporated (Case No. 1:16-cv-02220). The firm approves its appointment as Lead Counsel and will remain dedicated to achieving an optimal outcome for all class members.


Levi & Korsinsky, LLP Notifies Shareholders of Spectra Energy Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of January 31, 2017 – SE

Levi & Korsinsky, LLP has filed a class action lawsuit in the United States District Court for Southern District of Texas on behalf of current stockholders of Spectra Energy Corp. (NYSE:SE) in connection with the planned acquisition of the company by Enbridge and its wholly owned subsidiary Sand Merger Sub, Inc. The lawsuit, entitled Lincoln v. Spectra Energy Corp., Index No. 4:16-cv-03019, alleges, among other things, that the defendants violated Section 14(a) of the Securities Exchange Act of 1934 and corresponding Rule 14a-9. In particular, the complaint alleges that the defendants have issued materially false or misleading statements regarding the proposed acquisition.

If you wish to serve as lead plaintiff, you must move the Court no later than January 31, 2017. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Joseph E. Levi, at Levi & Korsinsky, LLP, (212) 363-7500 or, or via e-mail at jlevi@zlk.com. A copy of the complaint is available online here. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.

A CLASS HAS NOT BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE.

 


FirstMerit Corporation Shareholders Litigation Settlement Information

A settlement has been proposed in a class action lawsuit related to the acquisition of FirstMerit Corp. (NASDAQ: FMER) by Huntington.  The settlement resolves, among other things, allegations about the adequacy of the disclosures in a joint proxy statement filed by FirstMerit and Huntington with the SEC.  If you held FirstMerit stock between January 26, 2016 and August 16, 2016, your rights will be affected by this class action settlement.

The following documents pertain to the terms of the settlement in In re FirstMerit Corporation Shareholder Litigation, Case. No. 5:16-CV-00461:


Levi & Korsinsky prevails in Motion to Compel in Chan v. Fresh & Easy, LLC, et al.

On October 11, 2016, Levi & Korsinsky prevailed in the United States Bankruptcy Court for the District of Delaware when Judge Brendan Linehan Shannon ruled that an arbitration agreement was unenforceable under the National Labor Relations Act because it contained a class-action waiver provision. Though the Debtor-Defendant has filed a notice of appeal, the adversary proceeding is currently moving forward in a class capacity.

Parties interested in learning about the potential impact of this ruling may see a Research Alert entitled “Turning Tides For Employee Arbitration Agreements,” co-written by Levi & Korsinsky attorneys Lori G. Feldman and Christopher J. Kupka and recently featured on Law360.com. The full text of this Note is available by clicking here.


Levi & Korsinsky appointed Lead Counsel by the United States District Court for the District of Arizona in Magro v. Freeport-McMoran Incorporated, et al. (Case No. 2:16-cv-00186)

On August 19, 2016, United States District Judge Diane Humetewa selected Levi & Korsinsky LLP to serve as Lead Counsel in a class action securities lawsuit against Freeport-McMoran Incorporated (Case No. 2:16-cv-00186). The firm approves its appointment as Lead Counsel and will remain dedicated to achieving an optimal outcome for all class members.


Notice to Former ADT Stockholders Regarding Litigation Challenging the Merger with Protection 1

A notice has now been issued to former ADT Corporation shareholders, and may be viewed here.


Levi & Korsinsky appointed Lead Counsel by the United States District Court for the Southern District of New York in Margolis v. Fly Leasing Limited (Case No. 1:16-cv-02220)

On July 20, 2016, United States District Judge William H. Pauley III selected Levi & Korsinsky LLP to serve as Lead Counsel in a class action securities lawsuit against Fly Leasing Limited (Case No. 1:16-cv-02220). The firm approves its appointment as Lead Counsel and will remain dedicated to achieving an optimal outcome for all class members.


Levi & Korsinsky appointed Lead Counsel by the United States District Court for the Southern District of New York in Gormley v. magicJack VocalTec Ltd. (Case No. 1:16-cv-01869)

On July 12, 2016, United States District Judge Victor Marrero selected Levi & Korsinsky LLP to serve as Lead Counsel in a class action securities lawsuit against magicJack VocalTec Ltd. (Case No. 1:16-cv-01869). The firm approves its appointment as Lead Counsel and will remain dedicated to achieving an optimal outcome for all class members.


Levi & Korsinsky appointed Lead Counsel by the United States District Court for the Southern District of Florida in Dillard v. Platform Specialty Products Corporation, et al. (Case No. 9:16-cv-80490)

On June 29, 2016, United States District Judge Donald M. Middlebrooks selected Levi & Korsinsky LLP to serve as Lead Counsel in a class action securities lawsuit against Platform Specialty Products Corp. (Case No. 9:16-cv-80490). The firm approves its appointment as Lead Counsel and will remain dedicated to achieving an optimal outcome for all class members.