Successes
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.
Yang v. Tibet Pharmaceuticals, Inc., No. 14-cv-3538
The Rosen Law Firm was sole Lead Counsel in this consolidated class action in the U.S. District Court for the District of New Jersey. The complaint alleged violations of the Securities Act of 1933 in connection with material misrepresentations in the Company’s Registration Statement and Prospectus. Plaintiffs and the underwriters have agreed to settle their claims for $14 million proof of claim in bankruptcy court.
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.
Kistenmacher v. Atchison (SeaWorld Entertainment Inc.), No. 10437-VCS
The Rosen Law Firm was co-lead counsel in this shareholder derivative action in the Chancery Court for the State of Delaware. The firm secured a $12.5 million cash payment to SeaWorld along with valuable corporate governance reforms.
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.
In re comScore, Inc. Virginia Shareholder Derivative Litigation, No. CL-2016-9465
The Rosen Law Firm was co-lead counsel in this shareholder derivative action in the Virginia state court. The firm helped secure a global settlement of this action and a related federal derivative action consisting of a $10 million cash payment to comScore along with extensive corporate governance reforms.
Hellum v. Prosper Marketplace, Inc., No. CGC-08-482329
The Rosen Law Firm was class counsel in this certified class action in California Superior Court, San Francisco County alleging violations of the Securities Act of 1933 and the California Corporations Code in connection with defendants’ offer and sale of unregistered securities. Plaintiffs settled this action for $10 million in cash.
In re Textainer Financial Servs. Corp., No. CGC 05-440303
The Rosen Law Firm was Co-Lead Counsel in this class action in the California Superior Court, San Francisco County alleging breach of fiduciary duty in connection with the sale of the assets of six related publicly traded limited partnerships. After winning the first phase of a multi-phase bench trial, Plaintiffs obtained a $10 million cash settlement for class members.
Parmelee v. Santander Consumer USA Holdings Inc., No. 3:16-cv-783-K
The Rosen Law Firm was co-Lead Counsel in this class action in the U.S. District Court for the Northern District of Texas. 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 agreed to settle this case for $9.5 million in cash.
Meyer v. Concordia International Corp., No. 16-cv-6467 (RMB)
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 the Securities Exchange Act of 1934 in connection with the Company’s issuance of materially false and misleading business information. The parties agreed to settle this case for $9.25 million in cash.