On May 15, 2015, Judge Analisa Torres of the United States District Court for the Southern District of New York appointed Faruqi & Faruqi, LLP and one other law firm as co-lead counsel for plaintiffs in: In re Altair Nanotechnologies Shareholder Derivative Litigation, 1:14-cv-09418-AT (S.D.N.Y.). Judge Torres wrote that “Both firms have significant experience in the area of shareholder derivative and securities class action litigation... and both are well-qualified to pursue this litigation.” The Lead Counsel Order can be accessed through the link below.
The complaint alleges the breach of fiduciary duty, the waste of corporate assets, unjust enrichment, the aiding and abetting of fiduciary violations, and gross mismanagement by the individual defendants. For further information, please contact Stuart J. Guber at sguber@faruqilaw.com or (215) 277-5770.