Successes
Christine Asia Co Ltd. v. Alibaba Group Holding Ltd., No. 15-md-2631 (CM) (SDA)
The Rosen Law Firm was sole Class Counsel in this multidistrict certified class action in U.S. District Court for the Southern District of New York. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading business information. The parties settled this action for $250 million in cash.
Pirnik v. Fiat Chrysler Automobiles, N.V., 15-CV-7199 (JMF)
The Rosen Law Firm was co-Class Counsel in this class action in the U.S. District Court for the Southern District of New York. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading statements about its true business condition. The parties settled this action for $110 million in cash.
The BoxLot Company v. InfoSpace, Inc., No. GIC 779231
The Rosen Law Firm was plaintiff’s counsel for this action filed in California Superior Court, San Diego County which arose from the aborted merger agreement and ultimate sale of The BoxLot Company’s assets to InfoSpace. The action alleged violations of California securities laws (Cal. Corp. Code §25400 & §25401) and common laws and sought damages of $92.8 million from InfoSpace and its CEO, Naveen Jain. The case settled favorably for plaintiffs for a confidential amount.
In re OPUS360 Corp. Securities Litigation, No. 01-Civ-2938
The Rosen Law Firm was Co-Lead Counsel for this action brought in the Southern District of New York alleging violations of the federal securities laws arising from a $75.0 million initial public offering of common stock by the defendant issuer and a syndicate of underwriters including JP Morgan and Robertson Stephens, Inc. The Court certified the action as a class action and approved a final settlement.
In re Silver Wheaton Corp. Securities Litigation, No. 15-cv-5146-CAS
The Rosen Law Firm was sole Class Counsel in this certified class action in the U.S. District Court for the Central District of California. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading financial statements. This parties settled this action for $41.5 million in cash.
Hayes v. Magnachip Semiconductor Corp., No. 12-CV-1160-JST
The Rosen Law Firm was co-Class Counsel in this certified class action in the U.S. District Court for Northern District of California. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of false financial statements. The parties settled this action for $29.7 million in cash.
Menaldi v. Och-Ziff Capital Management Group LLC, No. 14-CV-3251 (JPO)
The Rosen Law Firm was co-Class Counsel in this certified class action in the U.S. District Court for Southern District of New York. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading business information. The parties settled this action for $28.75 million in cash.
Beck v. Walter Investment Management, No. 14-cv-20880-UU
The Rosen Law Firm was co-Lead Counsel in this consolidated class action in the U.S. District Court for Southern District of Florida. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company concealing its true financial condition. The parties settled the action for $24 million in cash.
Deering v. Galena Biopharma, Inc., No. 3:14-cv-00367-SI (Partial Settlement)
The Rosen Law Firm is currently serving as co-Lead Counsel in this class action pending in the U.S. District Court for District of Oregon. The complaint alleges violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company concealing an undisclosed stock promotion scheme. The firm secured a partial settlement for $20 million consisting of $19 million in cash and $1 million in stock. The case continues against other defendants.
Turocy v. El Pollo Loco Holdings, Inc., No. CV-15-1343-DOC
The Rosen Law Firm was co-Class Counsel in this certified class action in the U.S. District Court for the Central District of California. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading business information. The parties settled the action for $20 million in cash.