News

In a case alleging violations of §§11 and 15 of the Securities Act of 1933, the Court appointed Johnson & Weaver Co-Lead Counsel and certified the firm as Co-Lead Class Counsel.  The case is entitled Desrocher v. Covisint Corporation, et al., Case No. 1:14-CV-03878-AKH (S.D.N.Y.).  The class action complaint alleged that there were misrepresentations or…

Johnson & Weaver Appointed Lead Counsel in Hendley v. Flowers Foods, Inc., et al., Master File No. 7:16-cv-00222-WLS (M.D. Ga.):  In a case alleging violations of the Securities Exchange Act of 1934 for the issuance of false and misleading statements, Johnson & Weaver’s client was appointed lead plaintiff and the firm was appointed co-lead counsel…

The Honorable Beverly R. O’Connell, United States District Judge for the Central District of California, recently granted final approval of a settlement in Crystal v. Medbox, Inc., No. 2:15-CV- 00426-BRO (JEMx) (C.D. Cal.), a class action alleging securities fraud against Medbox, Inc. and certain of its executives. Johnson & Weaver represents lead plaintiffs and serves…

Corporate America is always looking for a way to pad the bottom line at the expense of the unsuspecting consumer, and automatic renewal provisions in service providers’ contracts is just one prime example. Over the past several years, however, as subscription-based product and service providers have bloomed in seemingly every sector, so have the popularity…

Recent Delaware decisions have hampered the use and utility of “books and records” requests under Section 220 of the Delaware General Corporate Law. These developments could have major long-term effects on stockholder litigation. Under Section 220, a stockholder is entitled to examine a company’s “books and records” in furtherance of a “proper purpose.” What constitutes…

Johnson & Weaver recently achieved a monumental recovery for the benefit of HCA Holdings, Inc. in a case pending in Tennessee state court. More than four years after HCA stockholders stepped into the shoes of HCA to pursue claims against certain officers and directors of the company in a derivative capacity, the parties reached a…