Successes

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 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.

In re StockerYale, Inc. Securities Litigation, No. 1:05-cv-00177

The Rosen Law Firm served as sole Lead Counsel in this consolidated class action in the U.S. District Court for the District of New Hampshire. The complaint alleged violations of §§ 10b, 20(a) and 20A of the Securities Exchange Act arising out of the issuance of allegedly false and misleading press releases regarding certain contracts the Company claimed to have signed. Plaintiffs settled this class action for $3.4 million cash payment to class members.

Rose v. Deer Consumer Products, Inc., No. CV11-3701 –DMG (MRWx)

The Rosen Law Firm was sole Lead Counsel in this class action pending in the U.S. District Court for the Central District of California.  The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising from the issuance of false statements concerning the Company’s true financial condition.  Plaintiffs settled their claims against Deer and its auditor through two settlements totaling $3.55 million in cash.

Xu v. ChinaCache International Holdings, Ltd., No. CV 15-7952-CAS

The Rosen Law Firm was sole Lead Counsel in this class action in the U.S. District Court for Central District of California. 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. While on appeal following the dismissal of the case, the parties agreed to settle the action for $950,000 in cash.

In re Sequans Communications Securities Litigation, No. 17-cv-4665 (FB)(SJB)

The Rosen Law Firm was Co-Lead Counsel in this class action in the U.S. District Court for the Eastern District of New York.  The complaint alleged violations of §10b and 20(a) of the Securities Exchange Act out of the Company’s misstatements about its true financial condition and prospects.  The parties settled this action for $2.75 million in cash.

Hellum v. Prosper Marketplace, Inc., No. CGC-08-482329

The Rosen Law Firm was class counsel in this certified class action in California Superior Court, San Francisco County alleging violations of the Securities Act of 1933 and the California Corporations Code in connection with defendants’ offer and sale of unregistered securities.  Plaintiffs settled this action for $10 million in cash.

Simmons v. FAB Universal Corp., No. 13-CV-8216 (RWS)

The Rosen Law Firm was co-Lead Counsel in this consolidated class action in the U.S. District Court for Southern District of New York.  The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company concealing its true financial condition.  The parties agreed to settle this action for $1.5 million in cash.

In re IsoRay, Inc. Securities Litigation, No. 15-cv-5046-LRD

The Rosen Law Firm was co-Lead Counsel in this consolidated class action in the U.S. District Court for Eastern District of Washington. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company misstating certain study results relating to the Company’s products. The parties settled this action for $3,537,500 in cash.

Menaldi v. Och-Ziff Capital Management Group LLC, No. 14-CV-3251 (JPO)

The Rosen Law Firm was co-Class Counsel in this certified class action in the U.S. District Court for 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 $28.75 million in cash.
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