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.

In re USA Technologies, Inc. Sec. Litig., No. 19-cv-4565-JHS

The Rosen Law Firm was sole lead counsel in this consolidated class action in U.S. District Court for the Eastern District of Pennsylvania.  The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act and §§11b and 15 of the Securities Act arising out of the Company’s issuance of materially false and financial statements. The parties settled the action for $15.3 million in cash.

Munoz v. China Expert Technology, Inc., No. 07-CV-10531 (AKH)

The Rosen Law Firm was sole Lead 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: (a) the Company’s issuance of materially false statements of revenues and earnings; and (b) the Company’s auditors’ issuance of materially false and misleading “clean” audit opinions.  The parties settled this action for $4.2 million cash payment to class members.

In re Silvercorp Metals, Inc. Securities Litigation, No. 12-CV-9456 (JSR)

The Rosen Law Firm was counsel to lead plaintiff in this consolidated 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 financial information. The parties agreed to settle this action for $14 million in cash.

Meruelo Capital Partners 2, LLC et al. v. Wedbush Morgan Securities, Inc., No. BC 352498

The Rosen Law Firm was co-counsel to plaintiffs in this action brought in California Superior Court, Los Angeles County for violations of the California State securities laws against the securities issuer and broker-dealer in connection with the sale of $2.5 million worth of securities. On the eve of trial, plaintiffs settled the claims against the issuer for a cash payment of $1 million. Following an eight day jury trial, Plaintiffs obtained a jury verdict in their favor and against the underwriter for over $2.2 million (which included prejudgment interest). In sum, plaintiffs recovered over $3.2 million, which represented 100% of plaintiffs’ principal investment of $2.5 million and over $700,000 in prejudgment interest.

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.

Henning v. Orient Paper, Inc., No. CV 10-5887-VBF (AJWx)

The Rosen Law Firm was sole Lead Counsel in this class action pending in the U.S. District Court for the Central District of California.  The complaint alleges violations of §§10b and 20(a) of the Securities Exchange Act and certain violations of the Securities Act arising out of the Company’s issuance of materially false and misleading statements about the Company’s true financial condition and business prospects.  The parties settled this action for $2 million in cash.

Pollock v. China Ceramics Co. Ltd, No. 1:14-cv-4100 (VSB)

The Rosen Law Firm was co-Lead Counsel in this consolidated 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 lack of internal controls. The parties settled this action for $850,000, consisting of $310,000 in cash and $540,000 in stock.

Crandall v. PTC Inc., No. 16-cv-10471-WGY

The Rosen Law Firm was sole Lead Counsel in this class action in the U.S. District Court for District of Massachusetts. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act and certain violations of the Securities Act arising out of the Company’s issuance of materially false and misleading statements about the Company’s true financial condition. The parties agreed to settle this action for $2.1 million in cash.

Madden v. Pegasus Communications Corp, No. 2:05-cv-0568

The Rosen Law Firm was sole Lead Counsel in this class action in the U.S. District Court for the Eastern District of Pennsylvania. The action alleged violations of §§ 10b and 20(a) of the Securities Exchange Act arising out of the issuance of allegedly false and misleading statements concerning the Company’s direct broadcast satellite agreement with DirecTV and the Company’s reported subscriber growth and totals. Plaintiffs settled this action for a $2.95 million cash payment to class members.

Nguyen v. Radient Pharmaceuticals Corporation, No. CV11-0405-DOC (MLGx)

The Rosen Law Firm was sole Lead Counsel in this class action in the U.S. District Court of the Central District of California.  The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the issuance of false statements concerning the Company’s clinical trial involving its principal product.  The parties agreed to settle this action for $2.5 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 Akari Therapeutics PLC Securities Litigation, No. 17-cv-3577 (KPF)

The Rosen Law Firm was sole Lead 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 the results of a clinical study. The parties settled this case for $2.7 million in cash.

Friedman v. Quest Energy Partners LP, et al., No. CIV-08-936-M

The Rosen Law Firm was sole Lead Counsel on behalf of purchasers of Quest Resource Corporation’s securities in this consolidated class action filed in the U.S. District Court for the Western District of Oklahoma. 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 in connection with the Company’s former CEO and CFO misappropriating nearly $10 million. All classes and parties to this litigation settled this action for $10.1 million in cash.

Singh v. Tri-Tech Holding, Inc., No. 13-CV-9031 (KMW)

The Rosen Law Firm was co-Lead Counsel in this 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 concealing its true financial condition. The parties settled this action for $975,000 in cash.
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