Successes
In re USA Technologies, Inc. Sec. Litig., No. 19-cv-4565-JHS
The Rosen Law Firm was sole lead counsel in this consolidated class action in U.S. District Court for the Eastern District of Pennsylvania. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act and §§11b and 15 of the Securities Act arising out of the Company’s issuance of materially false and financial statements. The parties settled the action for $15.3 million in cash.
Christine Asia Co Ltd. v. Alibaba Group Holding Ltd., No. 15-md-2631 (CM) (SDA)
The Rosen Law Firm was sole Class Counsel in this multidistrict certified class action in U.S. District Court for the Southern District of New York. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading business information. The parties settled this action for $250 million in cash.
In re Himax Technologies, Inc. Securities Litigation, No. C 07-4891-DDP
The Rosen Law Firm served as Co-Lead Counsel in this consolidated class action in the U.S. District Court for the Central District of California, Western Division. The complaint alleged violations of §§ 11 and 15 of the Securities Act arising out of the Company’s IPO. Plaintiffs agreed to settle this case for $1.2 million cash payment to class members.
Guimetla v. Ambow Education Holding Ltd., No. CV-12-5062-PSG (AJWx)
The Rosen Law Firm was sole Lead Counsel in this class action filed in the U.S. District Court for the Central District of California. The complaint alleged violations of the Securities Exchange Act of 1934 in connection with the Company’s issuance of materially false and misleading financial statements. The parties agreed to settle this action for $1.5 million.
Vaccaro v. New Source Energy Partners LP, No. 15-CV-8954 (KMW)
The Rosen Law Firm was co-Lead Counsel in this class action in the U.S. District Court for Southern District of New York. The complaint alleged violations of §§11 and 15 of the Securities Act arising out of the company’s issuance of materially false and misleading business information. The parties settled this action for $2.85 million in cash.
In re Akers Biosciences, Inc. Sec. Litig., No. 18-cv-10521 (ES) (CLW)
The Rosen Law Firm was sole lead counsel in this consolidated class action in U.S. District Court for the District of New Jersey. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading business information. The parties agreed to settle this action for $2.25 million in cash.
Vandevelde v. China Natural Gas, Inc., No. 10-728-SLR
The Rosen Law Firm was sole Lead Counsel in the class action pending in
the U.S. District Court for the District of Delaware. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the issuance of materially false and misleading financial statements. Plaintiffs settled this action for $1.5 million in cash.
In re L&L Energy, Inc. Securities Litigation, No. 13-CV-6704 (RA)
The Rosen Law Firm was co-Lead Counsel in this class action in the U.S. District Court for the Southern District of New York. The complaint alleged violations of §§ 10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of false financial statements. The parties settled this action for $3.5 million in cash.
Springer v. Code Rebel Corp., No. 16-cv-3492 (AJN)
The Rosen Law Firm was co-Lead Counsel in this class action in the U.S. District Court for the Southern District of New York and counsel in a related case in California Superior Court. The actions alleged violations of the Exchange Act and Securities Act violations, respectively. Following the bankruptcy of the Company, the parties settled both actions for $1.415 million.
In re Robert T. Harvey Securities Litigation, No. SA CV-04-0876 DOC (PJWx)
The Rosen Law Firm served as Co-Lead Counsel in this class action in the U.S. District Court for the Central District of California and the related California state court class actions. This action alleged violations of §§ 10b and 20(a) of the Securities Exchange Act arising out of the sale of partnership interests that corresponded to the securities of Chaparral Network Storage and AirPrime, Inc., n/.k/a Sierra Wireless, Inc. Plaintiffs settled this and the related state court actions for an aggregate $2.485 million cash payment to class members.
