On November 18, 2021, StoneCo was sued for violations of the federal securities laws in the United States District Court for the Southern District of New York on behalf of investors who purchased the Company’s securities between March 11, 2021 and November 16, 2021.
On November 18, 2021, Citrix was sued for violations of the federal securities laws in the United States District Court for the Southern District of Florida on behalf of investors who purchased the Company’s shares between January 22, 2020 and October 6, 2021.
On November 18, 2021, Peloton was sued for violations of the federal securities laws in the United States District Court for the Southern District of New York on behalf of investors who purchased the Company’s shares between December 9, 2020 and November 4, 2021.
On November 17, 2021, Owlet was sued for violations of the federal securities laws in the United States District Court for the Central District of California on behalf of investors who purchased the Company’s securities between March 31, 2021 and October 4, 2021, inclusive (the “Class Period”) and/or held Sandbridge common stock held as of June 1, 2021 and were eligible to vote at Sandbridge’s special meeting on July 14, 2021.
On November 16, 2021, Zillow Group was sued for violations of the federal securities laws in the United States District Court for the Western District of Washington on behalf of investors who purchased the Company’s securities between February 10, 2021 and November 2, 2021.
On November 16, 2021, Lightspeed Commerce was sued for violations of the federal securities laws in the United States District Court for the Eastern District of New York on behalf of investors who purchased the Company’s securities between September 11, 2020 and September 28, 2021.
On November 12, 2021, Novavax was sued for violations of the federal securities laws in the United States District Court for the District of Maryland on behalf of investors who purchased the Company’s securities between March 2, 2021 and October 19, 2021.
On November 05, 2021, American Century Capital Portfolios and others were sued for violations of the federal securities laws in the Northern District of California on behalf of purchases of the Fund’s shares pursuant to the Fund’s untrue and misleading offering documents.
On November 05, 2021, Silverback Therapeutics was sued for violations of the federal securities laws in the Western District of Washington on behalf of investors who purchased shares pursuant or traceable to the Company’s Registration Statement and Prospectus (together, the “Offering Documents”) issued in connection with the Company’s December 2020 Initial Public Offering.
ON24 and certain of its executives are charged with failing to disclose material information in the Company’s IPO Registration Statement and Prospectus, violating federal securities laws. Specifically, the Complaint alleges that the Registration Statement and Prospectus failed to disclose, among other things, that the surge in customers leading up to the IPO consisted of a significant number that, driven by COVID-19 related demand, did not fit the Company’s traditional customer profile, and, as a result, were significantly less likely to renew their contracts leading to an increase in churn.
On October 29, 2021, Camber Energy was sued for violations of the federal securities laws in the Southern District of Texas on behalf of investors who purchased the Company’s securities between February 18, 2021 and October 4, 2021. The case stems from a transaction executed in February 2021 to effect the full combination of Camber and Viking Energy Group, Inc.
On October 28, 2021, TMC the metals company was sued for violations of the federal securities laws in the Eastern District of New York on behalf of investors who purchased the Company’s securities between March 4, 2021 and October 5, 2021. On March 4, 2021, DeepGreen Inc. (“DeepGreen”) announced that it had entered into a business combination agreement with Sustainable Opportunities Acquisition Corporation (“SOAC”), special purpose acquisition company (“SPAC”) with a dedicated Environmental, Social, and Governance (“ESG”) focus. Upon closing of the merger, the combined company was renamed TMC the metals company Inc.
On July 27, 2021, the Company disclosed that its quarterly cash distribution had been slashed from $0.44 per common unit to $0.01 per common unit, that its revolving credit line would not be extended when it matured on January 1, 2023, and that its parent company would have very limited capacity to provide additional future support, among other things.
On October 27, 2021, Facebook (now Meta Platforms, Inc.) was sued for violations of the federal securities laws in the Eastern District of New York on behalf of investors who purchased the Company’s securities between November 3, 2016 and October 4, 2021.
On October 25, 2021, Reconnaissance Energy Africa was sued for violations of the federal securities laws in the Eastern District of New York on behalf of investors who purchased the Company’s securities between February 28, 2019 and September 7, 2021.
On October 22, 2021, BioMarin was sued for violations of the federal securities laws in the Northern District of California on behalf of investors who purchased the Company’s securities between January 13, 2020 and September 3, 2021.
On June 21, 2021, investors learned that the Supreme Court rejected the Company’s bid to revive its Vascepa patents in favor of the generic companies in the company’s patent litigation.
On October 21, 2021, CONSOL Coal Resources (“CCR”) was sued for violations of the federal securities laws in the Western District Court of Pennsylvania on behalf of public unitholders (each a “Unitholder”) of CONSOL Coal. The case stems from a proposed transaction announced on October 23, 2020, pursuant to which CONSOL Coal Resources, L.P. would be acquired by CONSOL Energy, Inc. On December 29, 2020, CCR unitholders voted to approve the Merger.
On August 26, 2021, the Company disclosed that revenue for 2Q2021 grew only a disappointing 5.2% and that EBITDA was “negative TRY 188.6 million in Q2 2021 compared to positive TRY 71.1 million in Q2 2020 . . . due to lower gross contribution driven primarily by investments to fortify our position in electronics, investments to penetrate in high frequency categories as well as higher customer demand for low margin products.”
On October 15, 2021, Lightning eMotors was sued for violations of the federal securities laws in the District of Colorado on behalf of investors who purchased securities of Lightning eMotors, Inc between May 7, 2021 and August 16, 2021. On May 6, 2021, the merger between the Company (f/k/a GigCapital3) and Lightning Systems was completed with the Company changing its name GigCapital3, Inc. to Lightning eMotors, Inc.
