The Rosen Law Firm was co-Lead Counsel in this 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 failure to disclose the related party nature of certain transactions, and the Company’s issuance of false financial statements. The parties agreed to settle this action for $2.125 million in cash.
