On July 27, 2021, the Court approved the settlement of the stockholder derivative action brought on behalf of Twitter, Inc. (“Twitter”) against several of Twitter’s current and former directors and officers for breach of fiduciary duties.
KSF Appointed Lead Counsel in Velodyne Lidar, Inc. Securities Litigation
On July 2, 2021, the Hon. Susan Illston approved the selection of KSF as lead counsel for the putative class in Meysam Moradpour v. Velodyne Lidar Inc., et. al.
Notice of Dismissal of SMTC Corporation Litigation and Agreement Upon Attorneys’ Fees
On April 20, 2021, the Court entered an order in the SMTC Corporation Litigation that voluntarily dismissed the case.
Preliminary Approval of Settlement in Esperion Securities Litigation
On May 6, 2021, the Hon. Arthur J. Tarnow entered an Order preliminarily approving a $18,250,000 class action settlement on behalf of all Persons who purchased or otherwise acquired Esperion common stock between August 18, 2015 and September 28, 2015.
Preliminary Approval of Settlement in Orexigen Securities Litigation
On April 22, 2021, the Hon. Janis L. Sammartino entered an Order preliminarily approving a $4,800,000 class action settlement on behalf of all Persons who purchased or otherwise acquired Orexigen publicly-traded securitiesbetween March 3, 2015 and May 12, 2015.
KSF Appointed Lead Counsel in Workhorse Group, Inc. Securities Litigation
On May 19, 2021, the Hon. Cormac J. Carney approved the selection of KSF as Lead Counsel for the putative class in Sam Farrar v. Workhorse Group, Inc. et al.,
Final Judgment Entered in Health Insurance Innovations Litigation
Final judgment and order in the consolidated Health Insurance Innovations Securities Litigation was entered approving a $2.8 million recovery for investors.
Notice of Settlement of Twitter, Inc. – Stockholder Derivative Litigation
Kahn Swick & Foti, LLC Announces Proposed Settlement of Twitter, Inc. Stockholder Derivative Litigation
$38 Million Proposed Settlement in Twitter Litigation
KSF’s stockholder derivative action was brought on behalf of Twitter, Inc. (“Twitter”) against several of Twitter’s current and former directors and officers for breach of fiduciary duties. On December 17, 2020, plaintiffs were able to secure a settlement providing that Twitter’s board of directors will pay $38 million in cash to Twitter and $8.75 million in attorney fees and court costs.
Preliminary Approval of Settlement in Health Insurance Innovations Litigation
On November 19, 2020, the Hon. Thomas P. Barber, United States District Court Judge for the Middle District of Florida, entered an Order preliminarily approving a $2,800,000 class action settlement on behalf of all Persons or entities who purchased or otherwise acquired HIIQ publicly-traded securities between August 4, 2017 and September 11, 2017, inclusive.