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.
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