Cornerstone Research’s recent securities litigation experience includes matters involving securities such as common stock, American Depositary Shares, American Depositary Receipts, fixed income securities, and options. Claims addressed include Rule 10b-5, Section 11, Section 12(a), and insider trading, with allegations relating to accounting and financial reporting, business prospects, company operations, and government investigations and approvals, among others. The matters span many industries including life sciences; healthcare; financial institutions; telecom, media, and entertainment; energy; and manufacturing.
Select Recent Case Experience
Arkansas Teacher Retirement System et al. v. Goldman Sachs Group Inc. et al.
Rule 10b-5 claims against a financial institution regarding its business principles and management of conflicts of interest.
Lord Abbett Affiliated Fund Inc. et al. v. Navient Corporation et al.
Rule 10b-5, Section 11, and Section 12(a) claims involving common stock, debt securities, and options of a student loan servicer company regarding loan loss provisions
In re Facebook Inc. IPO Securities and Derivative Litigation
Section 11 and Section 12(a) claims involving the Initial Public Offering (IPO) of common stock of a social media company regarding expected revenues
In re SunEdison Inc. Securities Litigation
Section 11 and Section 12(a) claims involving the Initial Public Offering (IPO) of common stock of a large renewable energy company regarding viability of its business strategy
Barclays Securities Litigation
Section 11 and Section 12(a) claims involving American Depositary Shares (ADS) of a large financial institution regarding exposure to credit risk
TechnipFMC Securities Litigation
Rule 10b-5 and Section 11 claims involving a global oil and gas company regarding restated financials
In re Acuity Brands Inc. Securities Litigation
Rule 10b-5 claims involving a large lighting manufacturer in North America regarding its business outlook
City of Sunrise General Employees’ Retirement Plan v. Fleetcor Technologies Inc. et al.
Rule 10b-5 claims involving a global business payments company regarding its sources of revenue
Lehigh County Employees’ Retirement System v. Novo Nordisk A/S et al.
Rule 10b-5 claims involving American Depositary Receipts (ADR) of a Denmark-based global pharmaceutical company regarding its growth
Nieves v. Davis et al.
Rule 10b-5 claims involving a Canadian sports equipment company whose largest customer filed for bankruptcy
In re RH Inc. Securities Litigation
Rule 10b-5 claims involving a luxury furniture company in North America regarding the launch of a new product line
City of Cape Coral Municipal Firefighters’ Retirement Plan et al. v. Emergent BioSolutions Inc. HQ et al.
Rule 10b-5 claims involving a major North America biopharmaceutical firm regarding government demand for its vaccine products
Hendley v. Flowers Foods Inc. et al.
Rule 10b-5 claims involving a North American bakery product manufacturer regarding employee classification regulations
Curran v. Freshpet Inc. et al.
Rule 10b-5 claims involving a U.S.-based pet food company regarding manufacturing and retail issues
Koch v. Healthcare Services Group Inc. et al.
Rule 10b-5 claims involving a healthcare management and administrative services provider regarding accounting for labor expenses
Karth v. Keryx Biopharmaceuticals Inc. et al.
Rule 10b-5 claims involving a pharmaceutical company regarding its manufacturing process
Plymouth County Retirement System v. Patterson Companies Inc. et al.
Rule 10b-5 claims involving a large dental and animal health supplies company regarding an FTC investigation
In re Innocoll Holdings Public Ltd. Co. Securities Litigation
Rule 10b-5 claims involving an Irish pharmaceutical company regarding FDA clearance for a new treatment
In re Akorn Inc. Securities Litigation
Rule 10b-5 claims involving a pharmaceutical company regarding restated financial results
Dougherty v. Esperion Therapeutics Inc. et al.
Rule 10b-5 claims involving a U.S. pharmaceutical company regarding FDA approval for a clinical-stage drug candidate
In re SCANA Corporation Securities Litigation
Rule 10b-5 claims involving an energy-based holding company regarding plans for construction of a nuclear reactor
In re Virtus Investment Partners Inc. Securities Litigation
Rule 10b-5 claims involving an asset manager regarding marketing by sub-advised funds
Houston Municipal Employees Pension System et al. v. BofI Holding Inc. et al.
Rule 10b-5 claims involving an internet-based U.S. bank regarding its loan underwriting standards
Wilson v. LSB Industries Inc. et al.
Rule 10b-5 claims involving an agricultural chemical manufacturing company regarding a plant construction project
Trevor Mild v. PPG Industries Inc. et al.
Rule 10b-5 claims involving a large paint manufacturing firm regarding its accounting of financial metrics
Felix v. Symantec Corporation et al.
Rule 10b-5 claims involving a large cyber security company regarding its accounting for revenue and operating expenses
Evanston Police Pension Fund v. McKesson Corporation et al.
Rule 10b-5 claims involving a pharmaceutical distribution company regarding legislative and judicial investigations
Hartsock v. Spectrum Pharmaceuticals Inc. et al.
Rule 10b-5 claims involving a pharmaceutical company regarding FDA approval of an oncological drug
In re Banc of California Securities Litigation
Rule 10b-5 claims involving a California commercial bank and financial advisor
