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Kahn Swick & Foti represents investors in securities fraud class actions, as well as shareholders and consumers harmed by corporate wrongdoing.

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Notice of Settlement of Twitter, Inc. – Stockholder Derivative Litigation

Kahn Swick & Foti, LLC Announces Proposed Settlement of Twitter, Inc. Stockholder Derivative Litigation

$47 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.

Court Grants Class Certification in Esperion

On November 19, 2020, the Hon. Arthur J. Tarnow issued an Order granting Plaintiffs’ motion for class certification in its entirety in Dougherty v. Esperion Therapeutics, Inc.

Preliminary Approval of Settlement in Intellipharmaceutics Litigation

On July 30, 2020, the Hon. J. Paul Oetken, United States District Court Judge for the Southern District of New York, entered an Order preliminarily approving a $1,600,000 class action settlement in Intellipharmaceutics Securities Litigation

KSF Appointed Lead Counsel in Waitr Holdings, Inc. Litigation

On August 17, 2020, the Hon. Kathleen Kay of the Western District of Louisiana approved the selection of KSF as Lead Counsel for the putative class in Welch v. Meaux, et al.

KSF Appointed Lead Counsel in Baidu, Inc. Securities Litigation

On July 20, 2020, the Hon. Lucy H. Koh of the Northern District of California approved the selection of KSF as Lead Counsel for the putative class in Ikeda v. Baidu, Inc.

KSF Revives Claims in NewLink Genetics Securities Class Action

On July 13, 2020, a three-judge panel for the Second Circuit Court of Appeals vacated in-part the dismissal order of Hon. William H. Pauley III, reviving investors’ Exchange Act claims against NewLink Genetics Corp.

Fitbit Settlement Documents

July 9, 2020 Fitbit As-Filed Stipulation and Agreement of Compromise, Settlement, and Release July 17, 2020 Granted Amended Scheduling Order Fitbit_Derivative_Notice

Plaintiffs Win Class Certification in Esperion Therapeutics Securities Litigation

On May 31, 2020 the Honorable R. Steven Whalen certified a class of shareholders in Dougherty v. Esperion Therapeutics, Inc. et al, No. 2:16-cv-10089, a securities fraud class action involving Defendants’ materially misleading statements and omissions concerning a cardiovascular outcomes trial for the Company’s lead drug candidate.

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KSF News

Notice of Settlement of Twitter, Inc. – Stockholder Derivative Litigation

$47 Million Proposed Settlement in Twitter Litigation

Preliminary Approval of Settlement in Health Insurance Innovations Litigation

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