Securities Class Action

EMBARK ALERT: Bragar Eagel & Squire, P.C. is Investigating Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, February 2, 2024

Our investigation concerns whether the board of directors of Embark have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Embark have breached their fiduciary duties to the company.
  • Headquartered in San Francisco, California, Embark is a Delaware corporation that builds software for carriers to enable autonomous trucks within their fleets.
  • The autonomous vehicle company offers software as a service product ecosystem, such as Embark driver, Embark universal interface, and Embark guardian.
  • Legacy Embark was a startup company that developed self-driving truck technology designed for freight and logistic services.

International Towers by Zurich adds Side A-only D&O insurance policy

Retrieved on: 
Thursday, February 1, 2024

SCHAUMBURG, Ill., Feb. 1, 2024 /PRNewswire/ -- Zurich American Insurance Company, a member company of Zurich North America, has added a standalone Side A Directors & Officers insurance coverage option for U.S.-based multinational companies with non-U.S. board members and officers. The new Side A-only D&O policy, called International Towers by Zurich Executive Universal Select, addresses a critical need for non-U.S. directors and officers: It helps protect their personal financial assets if they are faced with a management liability lawsuit and their company cannot cover their legal costs due to local laws, court orders or other reasons. These are known as non-indemnifiable losses.

Key Points: 
  • The new policy, the latest addition to the award-winning International Towers by Zurich suite of D&O solutions, goes beyond fulfilling this essential need.
  • The International Towers by Zurich Executive Universal Select policy includes the following:
    A Master Policy issued to the U.S. parent that covers Side A D&O risk for non-U.S. directors and officers only.
  • The International Towers by Zurich Executive Universal Select policy provides a separate limit for losses outside the U.S.
    Another differentiator is that International Towers by Zurich policies can be purchased from Zurich without Zurich being the Primary or Lead Side A carrier on the customer's U.S. D&O tower.
  • International Programs by Zurich (IPZ) has earned a reputation for innovative solutions, winning three awards from Business Insurance in the past two years, including one in 2022 for the original International Towers by Zurich .

Ampio Provides Litigation Update - Reports Settlement in Principle of Certain Pending Legal Actions

Retrieved on: 
Thursday, January 11, 2024

The settlements are subject to various conditions, including confirmatory discovery in the Securities Class Action, negotiation and execution of the full settlement agreements and obtaining court approval in each action.

Key Points: 
  • The settlements are subject to various conditions, including confirmatory discovery in the Securities Class Action, negotiation and execution of the full settlement agreements and obtaining court approval in each action.
  • On January 9, 2024, the Company along with the other parties to each case filed status reports in both the Securities Class Action and the Consolidated Derivative Actions, advising the respective courts of the status of the settlements in principle.
  • The settlements in principle do not constitute any admission of fault, wrongdoing or liability as to the Company or any other defendant.
  • The Company has provided disclosure relating to these legal matters in its periodic reports on Forms 10-K and 10-Q throughout the pendency of these actions.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Axsome Therapeutics, Inc. Investors to Secure Counsel Before Important December 7 Deadline in Securities Class Action – AXSM

Retrieved on: 
Saturday, November 18, 2023

WHAT TO DO NEXT: To join the Axsome class action, go to https://rosenlegal.com/submit-form/?case_id=2221 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Axsome class action, go to https://rosenlegal.com/submit-form/?case_id=2221 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

LESLIE’S ALERT: Bragar Eagel & Squire, P.C. is Investigating Leslie’s, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, December 15, 2023

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Leslie’s, Inc. (NASDAQ: LESL) on behalf of long-term stockholders following a class action complaint that was filed against Leslie’s on September 8, 2023 with a Class Period from February 5, 2021 to July 13, 2023.

Key Points: 
  • Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Leslie’s, Inc. (NASDAQ: LESL) on behalf of long-term stockholders following a class action complaint that was filed against Leslie’s on September 8, 2023 with a Class Period from February 5, 2021 to July 13, 2023.
  • Our investigation concerns whether the board of directors of Leslie’s have breached their fiduciary duties to the company.
  • Leslie’s common stock price continued to fall another $1.24 per share the following trading day, or over 18%, closing at $5.46 per share on July 17, 2023.
  • There is no cost or obligation to you.

Rosen Law Firm Announces the Reopening of the Lead Plaintiff Appointment Process in a Class Action Against Axsome Therapeutics, Inc. and Certain Officers – AXSM

Retrieved on: 
Friday, November 17, 2023

Rosen Law Firm announces the reopening of the lead plaintiff appointment process in a class action lawsuit against Axsome Therapeutics, Inc. (“Axsome” or the “Company”) (NASDAQ: AXSM) and certain of its officers.

Key Points: 
  • Rosen Law Firm announces the reopening of the lead plaintiff appointment process in a class action lawsuit against Axsome Therapeutics, Inc. (“Axsome” or the “Company”) (NASDAQ: AXSM) and certain of its officers.
  • Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.

Saxena White P.A. Files New Securities Fraud Class Action Against Leslie’s, Inc.

Retrieved on: 
Saturday, September 9, 2023

has filed a securities fraud class action lawsuit (the “Class Action”) in the United States District Court for the District of Arizona against Leslie’s, Inc. (“Leslie’s” or the “Company”) (NASDAQ: LESL) and certain of the Company’s executive officers (collectively, “Defendants”).

Key Points: 
  • has filed a securities fraud class action lawsuit (the “Class Action”) in the United States District Court for the District of Arizona against Leslie’s, Inc. (“Leslie’s” or the “Company”) (NASDAQ: LESL) and certain of the Company’s executive officers (collectively, “Defendants”).
  • The Class Action filed by Saxena White is captioned: West Palm Beach Police Pension Fund v. Leslie’s, Inc., No.
  • You do not need to seek appointment as lead plaintiff to share in any Class recovery in the Class Action.
  • Currently serving as lead counsel in numerous securities fraud class actions nationwide, Saxena White has recovered billions of dollars on behalf of injured investors.

MSP RECOVERY ALERT: Bragar Eagel & Squire, P.C. Retracts its Press Releases Notifying Investors of a Securities Fraud Class Action

Retrieved on: 
Saturday, September 2, 2023

notifies investors in MSP Recovery, Inc. (NASDAQ: LIFW) that Bragar Eagel & Squire, P.C.

Key Points: 
  • notifies investors in MSP Recovery, Inc. (NASDAQ: LIFW) that Bragar Eagel & Squire, P.C.
  • is retracting its two press releases notifying investors of a securities fraud class action filed against MSP Recovery covering a class period of April 28, 2022 – August 17, 2023.
  • On August 28, 2023, a Notice of Voluntary Dismissal was filed by counsel for the plaintiff in that case, Pignatelli vs MSP Recovery, et al., Case No.
  • hereby retracts all statements made in both of its press releases concerning MSP Recovery and the Class Action.

Notice of Approved Distribution Plan in the Matter of MagnaChip Semiconductor Corporation, and Margaret Hye-Ryoung Sakai, CPA, Admin. Proc. File No. 3-17956

Retrieved on: 
Tuesday, August 8, 2023

Please carefully read the notice below for important information regarding this distribution.

Key Points: 
  • Please carefully read the notice below for important information regarding this distribution.
  • The Order required the Respondents to pay $3,134,999.99 in civil money penalties to the Commission so it can be distributed to harmed investors.
  • Additional information regarding the MagnaChip Fair Fund, including the Distribution Plan and related documents are available on the Fund Administrator’s website, www.strategicclaims.net/secvmagnachip .
  • If you have a question regarding the MagnaChip Fair Fund, the Distribution Plan, or your eligibility for a distribution under the Distribution Plan that is not answered on the website, please contact the Fund Administrator at:

Woodruff Sawyer's Mid-Year Databox Report: Security Class Action Lawsuits Steady, Settlements Way UP

Retrieved on: 
Tuesday, July 25, 2023

SAN FRANCISCO, July 25, 2023 /PRNewswire/ -- Woodruff Sawyer's 2023 Mid-Year Databox Report, tracking Securities Class Action (SCA) lawsuits, highlights an intriguing trend. Current economic conditions have dramatically slowed the pace of IPOs, SPAC IPOs, and de-SPAC activity—popular sources of litigation for the plaintiffs' bar. However, SCA filings have increased slightly in the first half of the year and settlements, clocking in at $2.1B (excluding Wells Fargo's recent $1B settlement) are the highest they have been in a decade.

Key Points: 
  • SAN FRANCISCO, July 25, 2023 /PRNewswire/ -- Woodruff Sawyer's 2023 Mid-Year Databox Report , tracking Securities Class Action (SCA) lawsuits, highlights an intriguing trend.
  • Current economic conditions have dramatically slowed the pace of IPOs, SPAC IPOs, and de-SPAC activity—popular sources of litigation for the plaintiffs' bar.
  • Excluding the $1 billion settlement by Wells Fargo & Company, the remaining top nine settlements comprised 67% of total settlement dollars ($1.4 billion).
  • With over 450 cases yet to be resolved, we anticipate that this be another expensive year for settlements.