Cases – Page 55 – ClaimsFiler

Recent Security Class Actions

Intelsat S.A. (NYSE: I)

The Complaint alleges that Defendants violated provisions of the Exchange Act by selling a block of Intelsat shares while in possession of material non-public information, including that Intelsat had met with the Federal Communications Commission (“FCC”) on November 5, 2019, to discuss the private sale of certain wavebands controlled by Intelsat for future “5G” use (the “C-Band”) and that the FCC opposed Intelsat’s then-existing proposal, instead favoring a public auction rather than private sale of the C-Band.

According to the Complaint, Zoom Video Communications, Inc. provides a video communications app that allows users to interact with each other primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Users may connect through frictionless video, voice, chat, and content sharing. The Company’s cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting. The Company serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals.

According to the Complaint, Tufin Software Technologies Ltd. develops, markets, and sells software-based solutions primarily in the United States, Europe, and Asia. It offers SecureTrack, SecureChange, and SecureApp products that enable enterprises to visualize, define, and enforce their security policy across heterogeneous networks, on premise and in the cloud. The Company also provides Orca and Iris products, which provide cloud-based security automation solutions in response to the growth of containers and cloud-native environments.

According to the Complaint, CVR Energy, Inc. (“CVI”) is a diversified holding company formed in September 2006 which is primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in several limited partnerships, including CVR Refining, LP (“CVRR” or the “Partnership”).

According to the Complaint, Gossamer Bio, Inc. is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing, and commercializing therapeutics in the disease areas of immunology, inflammation, and oncology. The company’s most advanced product is its GB001 drug, a DP2 antagonist, in development to treat asthma. In February 2019, Gossamer held its initial public offering (“IPO”) of common stock, selling approximately 19.8 million shares at $16.00 each.

According to the Complaint, Liberty Oilfield Services, Inc. is a holding company with membership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). Through Liberty LLC, the Company provides hydraulic fracturing services and goods to onshore oil and natural gas exploration and production companies in North America.

According to the Complaint, Luckin Coffee Inc. purports to engage in the retail sale of freshly brewed drinks, and premade food and beverage items in the People’s Republic of China. The Company offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals.

According to the Complaint, EQM Midstream Partners, LP is a growth-oriented limited partnership that was formed to own, operate, acquire, and develop midstream assets in the Appalachian Basin.

According to the Complaint, Legg Mason, Inc. helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles, and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative, and liquidity investments.

According to the Complaint, Golden Star Resources Ltd. is a mid-tier gold mining company with operating mines located in Ghana. Substantially all the Company’s revenue is generated through two underground mines called Wassa and Prestea. Prior to the start of the Class Period, the Prestea mine, which had previously not been in commercial operation for over 15 years, was experiencing operational issues that were negatively affecting the mine’s performance.

According to the Complaint, Mesa Air Group Incorporated operates as the holding company for Mesa Airlines, Inc., which provides regional air carrier services under capacity purchase agreements ("CPA") with American Airlines and United Airlines.

According to the Complaint, VMware, Inc. provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally, and sells
its products through distributors, resellers, system vendors, and systems integrators.

According to the Complaint, HF Foods Group Inc. through its subsidiaries, purports to market and distribute fresh produce, frozen and dry food products, and non-food products to Asian restaurants, primarily Chinese restaurants, and other foodservice customers throughout the Southeast, Pacific, and Mountain West regions in the United States.

According to the Complaint, Pope Resources and its subsidiaries, Olympic Resource Management and OlympicProperty Group, own and manage 125,000 acres of timberland and higher-and-better-use properties in Washington.

According to the Complaint, Hanmi Financial Corporation is a bank holding company whose subsidiary is Hanmi Bank (the "Bank"). Its primary operations are related to traditional banking activities, including the acceptance of deposits and the lending and investing of money through the operation of the Bank.

According to the Complaint, Anaptysbio, Inc.is a clinical stage biotechnology company focused on the discovery and development of drugs for the treatment of inflammation and immuno-oncology conditions with unmet medical needs. During the Class Period, the Company’s lead drug asset was etokimab (formerly ANB020), a drug intended for the treatment of various inflammatory diseases.

According to the Complaint, The Kraft Heinz Company was created through a merger between Heinz and Kraft on July 2, 2015 and began trading publicly on July 6, 2015. Following the Merger, Kraft Heinz was the third largest food and beverage manufacturer in North America and the fifth largest globally with more than $28 billion in globalsales, and the steward of numerous iconic brands, including Heinz ketchup, Oscar Mayer meats, Kraft cheese products, Maxwell House coffee, Jell-O desserts, and Philadelphia cream cheese. During the Class Period, Kraft Heinz derived the vast majority of its revenue from sales in the United States and Canada.

According to the Complaint, DouYu International Holdings Limited purports to one of China’s top two live-streaming video-game platforms. Operating on personal computer (“PC”) and mobile applications, DouYu enables users to enjoy immersive and interactive games and entertainment live streaming.

According to the Complaint, Cincinnati Bell Inc. delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice, and data. The Company provides service in areas of Ohio, Kentucky, Indiana, and Hawaii. In addition, enterprise customers across the United States and Canada rely on CBTS and OnX, wholly-owned subsidiaries of the Company, for efficient, scalable office communications systems and end-to-end IT solutions.

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