Faruqi & Faruqi Defeats Motion To Dismiss In Investor Class Action Against Ideanomics
On September 25, 2020, Judge George B. Daniels of the Southern District of New York denied Defendant Ideanomics, Inc.'s ("Ideanomics") motion to dismiss Lead Plaintiff's amended securities class action complaint (the "Complaint"). In its order, the Court ...
Nikola Update: Trevor Milton Resigns
Nikola Corporation ("Nikola" or "the Company") founder Trevor Milton, a named defendant in a securities class action recently filed against Nikola and certain of its executives, resigned from his position as Executive Chairman on September 20. Faruqi ...
Features: Katherine M. Lenahan
Faruqi & Faruqi, LLP is Actively Monitoring Nikola Corporation
Nikola Corporation ("Nikola") claims to manufacturer and design battery-electric vehicles, hydrogen-electric vehicles, and hydrogen fueling stations. Trevor Milton, who has been active on social media about sustainable energy, founded Nikola in 2015. ...
Features: James M. Wilson, Jr.
Faruqi & Faruqi Commences Class Action Against Anheuser-Busch
On September 11, 2020, Faruqi & Faruqi filed a consumer protection and false advertising class action against Anheuser-Busch for the deceptive marketing and sale of its Ritas™ Margarita, Mojito, Rosé, and Sangria beverages. The complaint alleges that ...
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Varian Medical Systems, Inc. (VAR)
Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 4:20-cv-06266-YGR on behalf of shareholders of Varian Medical Systems, Inc. ("Varian" or the "Company") (NYSE:VAR) ...
Features: James M. Wilson, Jr.
Faruqi & Faruqi, LLP Recovers $120 Million Settlement in Loestrin Antitrust Litigation
Please see Order. ...
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Jernigan Capital, Inc. (JCAP)
Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-07160 on behalf of shareholders of Jernigan Capital, Inc. ("Jernigan" or the "Company") (NYSE:JCAP) who have ...
Features: James M. Wilson, Jr.
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Maxim Integrated Products, Inc. (MXIM)
Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-07168 on behalf of shareholders of Maxim Integrated Products, Inc. ("Maxim" or the "Company") (NASDAQ:MXIM) ...
Features: James M. Wilson, Jr.
District Court Grants Final Approval of $120 Million Settlement in Loestrin, Faruqi & Faruqi, LLP, Co-Lead Counsel
On August 27, 2020, Chief Judge William E. Smith of the District of Rhode Island granted final approval of a $120 million settlement of antitrust claims asserted on behalf of a certified class of direct purchasers of the drug Loestrin in In re Loestrin ...
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Fastly, Inc. (FSLY)
Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 3:20-cv-06024 on behalf of all those who purchased Fastly, Inc. ("Fastly" or the "Company") (NYSE:FSLY) common ...
Direct Purchaser Class Certified in Zetia MDL
In an order entered on August 21, 2020 in the Zetia (Ezetimibe) Antitrust Litigation MDL, Senior United States District Judge Rebecca Beach Smith overruled Defendants' objections and adopted and approved in full United States Magistrate Judge Douglas ...
Features: Bradley J. Demuth
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Noble Energy, Inc. (NBL)
Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-06563 on behalf of shareholders of Noble Energy, Inc. ("Noble" or the "Company") (NASDAQ:NBL) who have been ...
Features: James M. Wilson, Jr.
Faruqi & Faruqi, LLP Secures Final Approval of a $2,083,333.33 Settlement for Revolution Lighting Techs., Inc. Investors
Faruqi & Faruqi, LLP is pleased to announce that the Court has granted final approval to the settlement in In re Revolution Lighting Techs., Inc., Securities Litigation, No. 1:19-cv-00980-JPO (S.D.N.Y.), a federal securities class action pending in the ...
Features: Katherine M. Lenahan
Faruqi & Faruqi Announces Class Certification Victory in Third Circuit
The Third Circuit, by unanimous decision, recently affirmed class certification for direct purchasers of the opioid addiction treatment Suboxone in an antitrust case alleging that Reckitt Benckiser (now Indivior) took several actions to suppress competition ...
G-20 Is Advised Cross-Border Payment Systems Require Public And Private Collaboration
The Bank for International Settlements' Committee on Payments and Market Infrastructures recently published a report to the G-20 detailing building blocks necessary to enhance cross-border payments. The report groups nineteen specific building blocks ...
Faruqi & Faruqi, LLP Announces Final Approval of a Settlement on Behalf of DPW Holdings, Inc. and its Shareholders
Faruqi & Faruqi, LLP, sole lead counsel, is pleased to announce that the Court granted final approval of a settlement in Ethan Young et al. v. Milton C. Ault, III et al., No. 2:18-6587-PA (C.D. Cal.), a shareholder derivative action brought on behalf ...
Faruqi & Faruqi, LLP Files a Class Action to Recover Unpaid Wages to NYPD Officers Working Paid Details
On June 3, 2020, Faruqi & Faruqi filed a Class and Collective Action in the United States District Court for the Southern District of New York against the City of New York, the New York City Police Department, and a number of vendors who collectively ...
Features: Innessa M. Huot
Faruqi & Faruqi, LLP, as co-counsel, reached $51.2 million settlement In Restasis Antitrust Suit.
Allergan Inc. and Novartis AG recently reached a settlement resolving claims in New Jersey federal court that Allergan engaged in a scheme to block Shire US Inc. (which Novartis later acquired) from competing with Allergan's blockbuster drug Restasis ...
Court Appoints Faruqi & Faruqi, LLP Lead Counsel in the Mesa Air Group Holdings Securities Litigation
On June 23, 2020, United States District Court Judge Douglas L. Rayes of the United States District Court for the District of Arizona appointed Faruqi & Faruqi, LLP as sole lead counsel and its client DeKalb County Pension Fund as sole Lead Plaintiff ...
Features: James M. Wilson, Jr.
Faruqi & Faruqi Secures Eye-Popping $750 Million Settlement
On May 27, 2020 the Honorable Colleen McMahon of the U.S. District Court for the Southern District of New York approved a historically large settlement between Forest Laboratories and direct purchasers of the drug Namenda, represented by Faruqi & Faruqi, ...