Faruqi & Faruqi LLP - newshttp://www.faruqilaw.com/newsFaruqi & Faruqi LLP - newsFaruqi & Faruqi, LLP Announces Preliminary Court Approval of Settlement in In re L&L Energy, Inc. Securities Litigationhttp://www.faruqilaw.com/news/show/id/114 Faruqi & Faruqi, LLP Announces Preliminary Court Approval of Settlement in In re L&L Energy, Inc. Securities Litigation

(OTC: LLEN)

Faruqi & Faruqi, LLP is pleased to announce the Court’s preliminary approval of a settlement in In re L&L Energy, Inc. Securities Litigation, Master File No. 13-cv-06704-RA (S.D.N.Y.).  The settlement provides for $3,500,000.00 in cash to be paid to class members who purchased LLEN common stock between August 13, 2009 and September 18, 2013, inclusive.  A final approval hearing on the settlement will be held on June 26, 2015 at 10:00 a.m. at the United States District Court for the Southern District of New York.  Notice will be provided to class members in the upcoming weeks, and information about the settlement will be posted on www.strategicclaims.net.  In the meantime, a copy of the Court’s order preliminarily approving the settlement can be found at the link below.

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Thu, 26 Feb 2015 00:00:00Sami Ahmad
Faruqi & Faruqi, LLP Obtains Significant Victories On Behalf Of Investors In In re Dynavax Technologies Corporation Securities Litigation http://www.faruqilaw.com/news/show/id/115 Faruqi & Faruqi, LLP Obtains Significant Victories On Behalf Of Investors In In re Dynavax Technologies Corporation Securities Litigation

(NASDAQ: DVAX)

On February 20, 2015, United States District Judge Charles Breyer denied, in part, a motion to dismiss filed by Dynavax, Chief Executive Officer Dino Dina, Chief Medical Officer J. Tyler Martin, and director Mark Kessel and a motion to dismiss filed by Symphony Capital Partners, LP, Symphony Strategic Partners, LLC, Symphony Capital GP, LP, and Symphony GP, LLC (together “Symphony”).  The Court sustained claims alleging that Dynavax, Dina, and Martin violated the federal securities laws by making materially false and misleading statements and omissions regarding the prospects for approval of Dynavax’s Biologic License Application for its Hepatitis B vaccine, HEPLISAV.  The Court also sustained claims alleging that Kessel and Symphony, directly and as control persons, engaged in insider trading by selling common stock while in possession of confidential information regarding the failed inspection of Dynavax’s manufacturing facility for HEPLISAV.

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Thu, 26 Feb 2015 00:00:00Sami Ahmad
Faruqi & Faruqi, LLP Announces Settlement In re: Jefferies Group, Inc. Shareholders Litigation ($70M. Settlement)http://www.faruqilaw.com/news/show/id/113 In In Re Jefferies Group, Inc. Shareholders Litigation, C.A. No. 8059-CB (Del. Ch.), Jefferies Group, Inc. (“Jefferies” or the “Company”) and Leucadia jointly announced that they had entered into an agreement, dated November 11, 2012, under which Leucadia would acquire the remainder of Jefferies common stock that it did not already own in exchange for providing Jefferies stockholders with 0.81 Leucadia shares for each of their Jefferies shares. The Faruqi Firm is co-lead counsel and has reached an agreement-in-principle to settle the action for $70 million.

 

Please find attached the:

- Jefferies Summary Notice of Pendency & Proposed Settlement of Class Action

- Jefferies Scheduling Order

For additional information, please contact Juan E. Monteverde at jmonteverde@faruqilaw.com.

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Fri, 6 Feb 2015 00:00:00Sami Ahmad
Court Appoints Faruqi & Faruqi, LLP Lead Counsel in Securities Class Action Against China Mobile Games & Entertainment Group, Ltd.http://www.faruqilaw.com/news/show/id/112 Court Appoints Faruqi & Faruqi, LLP Lead Counsel in Securities Class Action Against China Mobile Games & Entertainment Group, Ltd.

On November 20, 2014, District Court Judge Kimba M. Wood of the United States District Court for the Southern District of New York appointed Faruqi & Faruqi, LLP to serve as Lead Counsel in In re CHINA MOBILE GAMES & ENTERTAINMENT GROUP, LTD SECURITIES LITIGATION, Case No. 14-cv-4471.

For further inquiries regarding this matter, please contact Richard Gonnello at rgonnello@faruqilaw.com or (212) 983-9330.

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Thu, 20 Nov 2014 00:00:00Sami Ahmad
Faruqi & Faruqi, LLP has been Appointed Co-Lead Counsel in the Derivative Litigation on Behalf of Lihua International, Inc.http://www.faruqilaw.com/news/show/id/111 On October 29, 2014, United States District Judge for the Southern District of New York Ronnie Abrams ordered the consolidation of derivative cases on behalf of Lihua International, Inc. and has appointed Faruqi & Faruqi, LLP as co-lead counsel for Plaintiffs.

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Thu, 30 Oct 2014 00:00:00Sami Ahmad
Court Approves Settlement in the Ruby Tuesday Wage & Hour Lawsuithttp://www.faruqilaw.com/news/show/id/110 Faruqi & Faruqi is pleased to announce court approval of the hard-fought settlement in Guttentag v. Ruby Tuesday, No. 12-cv-03041, in the United States District Court for the Southern District of New York.  The $3 million settlement includes over 4000 servers, bartenders and food runners at Ruby  Tuesday restaurants all over the country.  Adam Gonnelli, who heads Faruqi & Faruqi's Wage Theft Practice, was lead attorney on the case.

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Fri, 3 Oct 2014 00:00:00Sami Ahmad
The NY Times: Whirlpool Wants Congress to Ban Class-Action Suits Tied to Energy Star Program http://www.faruqilaw.com/news/show/id/107 The NY Times: Whirlpool Wants Congress to Ban Class-Action Suits Tied to Energy Star Program
July 21, 2014

Faruqi & Faruqi, LLP partner Antonio Vozzolo is quoted in a New York Times article regarding proposal to ban Energy Star class action lawsuits.
 

http://www.nytimes.com/2014/07/21/business/energy-environment/whirlpool-wants-congress-to-ban-class-action-suits-tied-to-energy-star-program.html?_r=0

For further inquiries regarding this matter, please contact Antonio Vozzolo at: avozzolo@faruqilaw.com  or (212) 983-9330.

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Mon, 21 Jul 2014 00:00:00Antonio Vozzolo
Faruqi & Faruqi, LLP Announces Denial of Motion to Dismiss in Shop-Vac Consumer Casehttp://www.faruqilaw.com/news/show/id/108 Faruqi & Faruqi, LLP Announces Denial of Motion to Dismiss in Shop-Vac Consumer Case

On July 17, 2014, the United States District Court for the Middle District of Pennsylvania denied Shop-Vac’s motion to dismiss the claims of a class of vacuum purchasers. Faruqi & Faruqi represents the plaintiffs, who are suing on behalf of consumers deceived by Shop-Vac’s false and misleading horsepower and tank capacity representations. 

In the decision, Judge Yvette Kane declined to dismiss plaintiffs’ consumer fraud, warranty, and Magneson-Moss claims, but did dismiss some of one plaintiff’s claims for failure to give the appropriate pre-suit notice.

Lowe's Home Centers, Inc. and Lowe's HIW, Inc. are also defendants in the case, which is In re: Shop-Vac Marketing and Sales Practice Litigation (4:12-md-02380-YK).  The lead attorney for Faruqi & Faruqi is Adam Gonnelli.

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Mon, 21 Jul 2014 00:00:00Adam Gonnelli
Faruqi & Faruqi, LLP has been Appointed Co-Lead Counsel in the Derivative Litigation Against ADT Corporationhttp://www.faruqilaw.com/news/show/id/106 Faruqi & Faruqi, LLP has been Appointed Co-Lead Counsel in the Derivative Litigation Against ADT Corporation

On July 16, 2014, the United States District Court for the Southern District of Florida appointed Faruqi & Faruqi, LLP as co-lead counsel for the newly consolidated case, In re The ADT Corporation Derivative Litigation, Lead Case No. 14-80570-CIV-DIMITROULEAS/SNOW.

The action alleges that  defendants made false and misleading statements and failed to disclose that: (i) ADT had experienced reduced non-Pulse demand; (ii) the Company's churn rate and attrition was accelerating; (iii) ADT's advertising and service costs were increasing; and (iv) the Company had been relying on its aggressive share repurchases to artificially inflate its reported earnings per share ("EPS").

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Thu, 17 Jul 2014 00:00:00Sami Ahmad
Faruqi & Faruqi, LLP Announces Preliminary Approval of Settlement in Astiana, et al. v. Kashi Co.http://www.faruqilaw.com/news/show/id/105 Faruqi & Faruqi, LLP, as co-lead counsel, has obtained preliminary approval of a $5 million class action settlement in Skye Astiana, et al. v. Kashi Co., Civ. No. 11-cv-1967 (S.D. Cal.)  The case involves claims that allegations that Kashi food products were falsely and misleadingly labeled, marketed and sold as being “All Natural” or containing “Nothing Artificial,” but contained certain challenged ingredients.

If approved by the Court, the proposed settlement will result in cash refunds for California residents who purchased certain Kashi products between August 24, 2007 and May 1, 2014 in California who submit a valid claim form.

Visit http://www.naturalclasssettlement.com to learn more about the settlement including how to file an online claim for payment.

For further inquiries regarding this matter, please contact Antonio Vozzolo at avozzolo@faruqilaw.com or (212) 983-9330.

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Wed, 2 Jul 2014 00:00:00Sami Ahmad