Critical Mass: After Facebook Stock Price Plunged, NYC Firm Won Race to Courthouse. Plus: Mixed Decision in Case Over Aveeno Baby Products
One day after more than $100 billion in Facebook stock value was erased, a team of New York-based litigators filed a proposed class action suit against the social media company, contending its leaders misled shareholders about its business operations.
August 01, 2018 at 12:00 PM
3 minute read
Critical Mass Law.com Max Mitchell Amanda Bronstad Facebook President Donald Trump Keller Rohrback Bleichmar Fonti & Auld Cambridge Analytica
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[email protected] @MMitchellTLI [email protected] @abronstadlaw. |
NYC Firm Dashes to File Shareholder Suit Against Facebook
Facebook shareholders sue Pierce Bainbridge Beck Price & Hecht struggles European Union GDPR Michael Riccardi John Pierce |
J&J Wins Battle to End Class Action, But Defense May Have Lost Standing War
U.S. Court of Appeals for the Second Circuit late last Wednesday Johnson & Johnson Aveeno Baby first impression open the door wider lacked standing Mark Kindall Izard, Kindall & Raabe |
Trumpworld Meets Class Actions World
President Donald Trump supporters given green light immunity Dhillon Law Group legal challenge travel ban waiver requests Muslim Advocates Lotfi Legal
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Who Got The Work?
California Derek Loeser Keller Rohrback Lesley Weaver Bleichmar Fonti & Auld Facebook Cambridge Analytica
Bone to Pick osteopathic doctors American Osteopathic Association settled Duane Morris Touchdown Villanova University Lawrence “Poppy” Livers second chance National Collegiate Athletic Association should have been paid Trigger Happy approved a class action settlement trigger mechanisms Remington rifles
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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