No. 07-cv-09901 (S.D.N.Y.).
Securities
Overview
One of the oldest firms in the field, we have stood at the forefront of securities law since its inception. Our founder was in the first generation of securities lawyers and rendered service to the SEC in its earliest years. Since that time, we have procured landmark victories for our clients. KM remains one of the few law firms to have secured trial victories in securities fraud class actions, achieved the first ever appellate reversal of a lower court’s dismissal of a class action suit pursuant to the PSLRA, procured a landmark settlement of $590 million related to Citigroup’s misconduct during the financial crisis, and most recently, in a matter of first impression, established the right of English shareholders to bring derivative claims against English companies in New York state courts.
Today, we put our longitudinal familiarity with the federal and state laws governing securities fraud to identify traditional and creative solutions for our clients that support their goals and optimize their recoveries.
KM’s securities litigation efforts are complemented by the firm’s portfolio monitoring and case evaluation services. A dedicated team of experienced litigators, analysts, and support staff monitor our institutional clients’ investment portfolios and deliver customized analyses and action recommendations when fraud-related losses occur.
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Experience
No. 07-cv-09901 (S.D.N.Y.).
No. 21-cv-00987 (E.D. Tex.).
No. 602052/2014 (N.Y. Sup. Ct., Nassau Cty.).
KM represented an English investor in a shareholder derivative lawsuit against officers and directors of HSBC Holdings and its subsidiaries, alleging that HSBC facilitated money laundering operations out of New York City. In a matter of first impression, we established the right of English shareholders to bring derivative claims against English companies in New York state courts. The litigation settled for $72.5 million, the then-largest foreign derivatives settlement ever reached and one of the largest insurer-funded cash payments achieved in a U.S. derivative lawsuit.
No. 14-cv-09357 (S.D.N.Y.).
No. 08-cv-06171 (S.D.N.Y.).
No. 20-cv-02190 (D.N.J.).
No. 20-cv-2581 (N.D. Ill.).
No. 03-md-01529 (S.D.N.Y.).
No. 10-cv-08086 (S.D.N.Y.).
No. 18-cv-05127 (C.D. Cal.).
No. 19-cv-00509 (S.D. Tex.).
No. 08-cv-70004 (N.D. Ohio).
No. 00-cv-08754 (S.D.N.Y.).
Investigations
- Company
- Status
- Deadline
- Company Align Technology, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Align Technology, Inc. (“Align Technology” or the “Company”) (NASDAQ: ALGN). The investigation concerns whether Align Technology and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company AlloVir, Inc.
- Status Investigating
- Deadline TODAY
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Massachusetts on behalf of those who acquired AlloVir, Inc. (“AlloVir” or the “Company”) (NASDAQ: ALVR) securities during the period from March 22, 2022 through December 21, 2023, inclusive (the “Class Period”). Investors have until March 19, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Amplitude, Inc.
- Status Investigating
- Deadline 28 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Amplitude, Inc. (“Amplitude” or the “Company”) (NASDAQ: AMPL) securities during the period of September 21, 2021 to February 16, 2022 inclusive (“the Class Period”). Investors have until April 15, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Amylyx Pharmaceuticals, Inc.
- Status Investigating
- Deadline 22 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Amylyx Pharmaceuticals, Inc. (“Amylyx” or the “Company”) (NASDAQ:AMLX) securities during the period of November 11, 2022 to November 8, 2023, inclusive (“the Class Period”). Investors have until April 4, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Anavex Life Sciences Corporation
- Status Investigating
- Deadline 56 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Anavex Life Scienecs Corporation (“Anavex” or the “Company”) (NASDAQ:AVXL) securities during the period of February 1, 2022 to January 1, 2024, inclusive (“the Class Period”). Investors have until May 13, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Applied Materials, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Applied Materials, Inc. (“Applied Materials” or the “Company”) (NASDAQ: AMAT). The investigation concerns whether Applied Materials and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Archer-Daniels-Midland Company
- Status Investigating
- Deadline 7 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Illinois on behalf of those who acquired Archer-Daniels-Midland Company (“ADM” or the “Company”) (NYSE: ADM) securities during the period from April 30, 2020 through January 22, 2024, inclusive. Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company B. Riley Financial, Inc.
- Status Pending
- Deadline 7 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired B. Riley Financial, Inc. (“B. Riley” or the “Company”) (NASDAQ: RILY) securities during the period from May 10, 2023 through November 9, 2023 (the “Class Period”). Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company BioNTech SE
- Status Investigating
- Deadline 10 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired BioNTech SE (“BioNTech” or the “Company) (NASDAQ: BNTX) securities during the period from March 30, 2022 through October 13, 2023, inclusive. Investors have until March 12, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company BioVie, Inc
- Status Investigating
- Deadline TODAY
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Nevada on behalf of those who acquired BioVie, Inc. (“BioVie” or the “Company”) (NASDAQ: BIVI) securities during the period of August 5, 2021 through November 29, 2023, inclusive (“the Class Period”). Investors have until March 19, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company British American Tobacco p.l.c.
- Status Investigating
- Deadline 7 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired British American Tobacco p.l.c. (“BAT” or the “Company”) (NYSE: BTI) securities during the period from February 9, 2023 through December 6, 2023, inclusive (the “Class Period”). Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Calavo Growers, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Calavo Growers, Inc, (“Calavo” or the “Company”) (NASDAQ CVGW). The investigation concerns whether Calavo and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Calumet Specialty Products Partners, L.P.
- Status Investigating
- Deadline
- Company Cassava Sciences, Inc.
- Status Investigating
- Deadline 15 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Texas on behalf of those who acquired Cassava Sciences, Inc. (“Cassava” or the “Company”) (NASDAQ: SAVA) securities from August 18, 2022 through October 12, 2023, inclusive (the “Class Period”). Investors have until April 2, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Community Health Systems, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Community Health Systems, Inc. (“Community Health” or the “Company”) (NASDAQ:CYH). The investigation concerns whether Community Health and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Dick’s Sporting Goods, Inc.
- Status Investigating
- Deadline 35 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Western District of Pennsylvania on behalf of those who acquired Dick’s Sporting Goods, Inc. (“DSG” or the “Company”) (NYSE: DKS) securities during the period of May 25, 2022 to August 21, 2023 inclusive (“the Class Period”). Investors have until April 22, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Equity LifeStyle Properties, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Equity LifeStyle Properties, Inc. (“Equity” or the “Company”) (NYSE: ELS). The investigation concerns whether Equity and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Evolution AB (publ)
- Status Investigating
- Deadline 7 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Pennsylvania on behalf of those who acquired Evolution AB (publ) (“Evolution” or the “Company”) (OTC BB: EVVTY) securities during the period from February 14, 2019 through October 25, 2023, inclusive. Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Fidelis Insurance Holdings Limited
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Fidelis Insurance Holdings Limited (“Fidelis” or the “Company”) (NYSE: FIHL). The investigation concerns whether Fidelis and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Fluence Energy, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ:FLNC). The investigation concerns whether Fluence and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Fox Factory Holding Corp.
- Status Investigating
- Deadline 35 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Georgia on behalf of those who acquired Fox Factory Holding Corp. (“Fox Factory” or the “Company”) (NASDAQ:FOXF) securities during the period of May 6, 2021 through November 2, 2023, inclusive (“the Class Period”). Investors have until April 22, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company GrafTech International Ltd.
- Status Investigating
- Deadline 7 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of those who acquired GrafTech International Ltd. (“GrafTech” or the “Company”) (NYSE: EAF) securities during the period from February 8, 2019 through August 3, 2023, inclusive (the “Class Period”). Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Grand Canyon Education, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Grand Canyon Education, Inc. (“GCE” or the “Company”) (NASDAQ: LOPE). The investigation concerns whether GCE and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Hut 8 Corp.
- Status Investigating
- Deadline 21 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Hut 8 Corp. (“Hut 8” or the “Company”) (NASDAQ: HUT) securities during the period of November 9, 2023 to January 18, 2024 inclusive (“the Class Period”). Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Inari Medical Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Inari Medical Inc. (“Inari” or the “Company”) (NASDAQ:NARI). The investigation concerns whether Inari and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company InMode Ltd.
- Status Investigating
- Deadline 28 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired InMode Ltd. (“InMode” or the “Company”) (NASDAQ: INMD) securities during the period of June 4, 2021 to October 12, 2023 inclusive (“the Class Period”). Investors have until April 15, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Innodata, Inc.
- Status Investigating
- Deadline 35 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of those who acquired Innodata, Inc. (“Innodata” or the “Company”) (NASDAQ:INOD) securities during the period of May 9, 2019 through February 14, 2024 inclusive (“the Class Period”). Investors have until April 22, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Inspired Entertainment, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Inspired Entertainment, Inc. (“Inspired Entertainment” or the “Company”) (NYSE: INSE). The investigation concerns whether Inspired Entertainment and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company iRhythm Technologies, Inc.
- Status Investigating
- Deadline 21 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired iRhythm Technologies, Inc. (“iRhythm” or the “Company) (NASDAQ: IRTC) securities during the period from January 11, 2022 through May 30, 2023, inclusive. Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company iRobot Corporation
- Status Investigating
- Deadline 50 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of those who acquired iRobot Corporation (“iRobot” or the “Company”) (NASDAQ:IRBT) securities during the period of August 5, 2022 through January 26, 2024, inclusive (“the Class Period”). Investors have until May 79, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Lantronix, Inc.
- Status Investigating
- Deadline 36 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired Lantronix, Inc. (“Lantronix” or the “Company”) (NASDAQ:LTRX) securities during the period of May 11, 2023 through February 8, 2024, inclusive (“the Class Period”). Investors have until April 23, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Luna Innovations, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Luna Innovations, Inc. (“Luna” or the “Company”) (NASDAQ: LUNA). The investigation concerns whether Luna and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company LuxUrban Hotels, Inc.
- Status Investigating
- Deadline 27 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (NASDAQ: LUXH) securities during the period from November 8, 2023 through February 2, 2024, inclusive. Investors have until April 12, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Lyft, Inc.
- Status Investigating
- Deadline 49 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: LYFT) securities during the period from February 13, 2024 at 4:05 p.m. through February 13, 2024 at 4:51 p.m., inclusive. Investors have until May 6, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Maplebear Inc. d/b/a Instacart
- Status Investigating
- Deadline 7 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Maplebear Inc. d/b/a Instacart (“Maplebear” or the “Company”) (NASDAQ: CART) securities during the period from September 16, 2023 through October 1, 2023, inclusive (the “Class Period”). Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Methanex Corp.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Methanex Corp. (“Methanex” or the “Company”) (NASDAQ:MEOH). The investigation concerns whether Methanex and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company NetScout Systems, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against NetScout Systems, Inc. (“NetScout” or the “Company”) (NASDAQ: NTCT). The investigation concerns whether NetScout and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company New York Community Bancorp, Inc.
- Status Investigating
- Deadline 21 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired t New York Community Bancorp. (“NYCB” or the “Company”) (NYSE: NYCB) shares during the period from March 1, 2023 through February 5, 2024, inclusive. Investors have until February 20, 2024 to apply to the Court to be appointed lead plaintiff in the lawsuit.
- Company Next Bridge Hydrocarbons, Inc.
- Status Investigating
- Deadline 57 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Next Bridge Hydrocarbons, Inc. (“NBH” or the “Company”) in connection with the Company’s spioff from Meta Materials, Inc. on or around December 14, 2022. Investors have until May 14, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Nextdoor Holdings, Inc.
- Status Investigating
- Deadline 42 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Nextdoor Holdings, Inc. (formerly known as Khosla Ventures Acquisition Co. II) (“Nextdoor” or the “Company”) (NYSE:KIND) securities during the period of July 6, 2021 through November 8, 2022, inclusive (“the Class Period”). Investors have until April 29, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Palo Alto Networks
- Status Investigating
- Deadline 39 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ:PANW) securities during the period of August 18, 2023 through February 20, 2024 inclusive (“the Class Period”). Investors have until April 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company R1 RCM Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against R1 RCM Inc. (“RCM” or the “Company”) (NASDAQ: RCM). The investigation concerns whether RCM and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Repare Therapeutics, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Repare Therapeutics Inc. (“Repare” or the “Company”) (NASDAQ: RPTX). The investigation concerns whether Repare and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Snowflake, Inc.
- Status Investigating
- Deadline 42 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Snowflake Inc. (“Snowflake” or the “Company”) (NYSE:SNOW) securities during the period of September 13, 2020 through March 2, 2022, inclusive (“the Class Period”). Investors have until April 29, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Stagwell, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Stagwell, Inc. (“Stagwell” or the “Company”) (NASDAQ:STGW). The investigation concerns whether Stagwell and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Sunnova Energy International Inc.
- Status Investigating
- Deadline 29 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) securities during the period of February 25, 2020 to December 7, 2023, inclusive (“the Class Period”). Investors have until April 16, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company Teradata Corp.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Teradata Corp. (“Teradata” or the “Company”) (NYSE:TDC). The investigation concerns whether Teradata and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company The Boeing Company
- Status Investigating
- Deadline 14 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired The Boeing Company (“Boeing” or the “Company”) (NYSE: BA) securities during the period from October 23, 2019 through January 24, 2024, inclusive. Investors have until April 24, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company The Chemours Company
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against The Chemours Company (“Chemours” or the “Company”) (NYSE: CC). The investigation concerns whether Chemours and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company The Children's Place, Inc.
- Status Investigating
- Deadline 42 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of those who acquired The Children's Place, Inc. (“The Children’s Place” or the “Company”) (NASDAQ:PLCE) securities during the period of March 16, 2023 through February 8, 2024, inclusive (“the Class Period”). Investors have until April 29, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company TTEC Holdings, Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against TTEC Holdings, Inc. (“TTEC” or the “Company”) (NASDAQ:TTEC). The investigation concerns whether TTEC and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Ventyx Biosciences, Inc.
- Status Investigating
- Deadline 43 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Ventyx Biosciences, Inc. (“Ventyx” or the “Company”) (NASDAQ:VTYX) securities during the period of October 21, 2021 through November 6, 2023, inclusive (“the Class Period”). Investors have until April 30, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Company WNS (Holdings) Limited
- Status Investigating
- Deadline 21 days
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The law firm of Kirby McInerney LLP is investigating potential claims against WNS (Holdings) Limited (“WNS” or the “Company”) (NYSE:WNS). The investigation concerns whether WNS and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Xcel Energy Inc.
- Status Investigating
- Deadline
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The law firm of Kirby McInerney LLP is investigating potential claims against Xcel Energy Inc. (“Xcel” or the “Company”) (NASDAQ:XEL). The investigation concerns whether Xcel and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
- Company Xponential Fitness, Inc.
- Status Investigating
- Deadline 22 days
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The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired Xponential Fitness, Inc. (“Xponential” or the “Company”) (NYSE: XPOF) securities during the period of July 26, 2021 to December 7, 2023 inclusive (“the Class Period”). Investors have until April 9, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Frequently Asked Questions*
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A.A class action is a lawsuit in which a large number of people (the “class”) have suffered similar harm from the defendant(s)’ unlawful conduct and the plaintiff(s), also known as the “class representative,” stands in for the entire group of similarly injured persons for the duration of the lawsuit and prosecutes the lawsuit on behalf of the entire class. As such, any result obtained by the class representative in the class action lawsuit applies to all of the members of the class. Class action lawsuits are an efficient legal procedure when it would be impractical or expensive for each similarly harmed individual in the class to file their own lawsuit. Class actions enable shareholders to seek recovery from defendant corporations that have much greater resources without having to bear the financial risk.
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A.Securities class action lawsuits typically allege that defendant(s), typically corporations that issue publicly-traded securities and their officers, misrepresented or concealed material information, which caused the securities to trade at artificially inflated prices when class members purchased the securities. The class members suffer losses when the previously-concealed information is disclosed, and the price of the securities declines. These actions charge the defendants with violations of the Securities Act of 1933 and/or the anti-fraud provisions of the Securities Exchange Act of 1934.
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A.A class period is a specified time period during which the injury to the class is alleged to have occurred. In a securities class action, this is the period during which the securities in question traded at artificially inflated prices as a result of the misrepresentations or omissions complained of. The class period proposed in a securities fraud class action may change during the course of the litigation as a result of new evidence obtained or rulings by the court.
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A.A typical securities class action often takes several years to litigate. The actual time it takes to resolve a specific case varies, depending on the complexity of the case, the issues involved, the procedural stage at which the suit is resolved, and other factors.
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A.The lead plaintiff is the investor that prosecutes the suit on behalf of the other investors. This plaintiff eventually seeks to be appointed as the class representative of the class. Federal securities laws permit any investor who purchased or acquired the covered securities during the class period to seek appointment as lead plaintiff of a securities class action lawsuit within sixty (60) days of the first press release announcing the first filed securities class action. An individual investor, an institutional investor, or groups of investors can seek to be appointed as lead plaintiff.
Courts generally appoint as lead plaintiff the movant(s) with the greatest financial interest in the relief sought by the proposed class. The lead plaintiff generally can select a law firm of its choice to litigate the securities class action lawsuit as lead counsel for the class. Courts generally appoint the lead plaintiffs’ chosen law firm as lead counsel.
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A.If you are interested in seeking lead plaintiff appointment, you can contact Kirby McInerney via email at investigations@kmllp.com or submit a contact form via the firm’s website. Critically, the decision to seek lead plaintiff appointment is time sensitive. Class members have sixty (60) days after a securities fraud class action lawsuit is filed to request the court for appointment as lead plaintiff.
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A.If you have incurred a substantial loss as a result of purchasing the securities covered by a securities class action, acting as a lead plaintiff provides you an opportunity to take an active role in the litigation of the case and to represent the shareholders in the class. The lead plaintiff must stay apprised of the litigation by overseeing court-appointed lead counsel and remaining informed about the progress of the litigation. If the litigation advances into discovery, the lead plaintiff will be required to participate in discovery and potentially provide documents and testimony relating to the investment in question. You will be able to participate in making critical decisions regarding the litigation, including whether to settle the action and at what amount, and the formula to be used in determining how any settlement proceeds are divided among class members.
An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the securities class action lawsuit. The lead plaintiff is entitled to receive a pro rata share of any classwide settlement or trial recovery. However, as provided for by the Private Securities Litigation Reform Act of 1995, the court will sometimes compensate the lead plaintiff with an additional monetary award for their time and efforts in overseeing the case.
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A.Any person who purchased the security at issue during the class period is eligible to participate. The attorneys at Kirby McInerney can quickly investigate the facts and advise you on your potential claim, as a lead plaintiff or a class member. Your rights are the same whether you later sold at a loss or have held some or all of your shares in the hope that the price will recover.
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A.If you do not want to be lead plaintiff, you do not need to take any action at the outset of the litigation in order to participate in the class action as you may remain an absent class member. In the event that the lawsuit is certified by the court as a class action, all members of the class will receive mailed notice informing them of the steps that they will need to take in order to share in any classwide recovery.
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A.You do not need to be a U.S. citizen to participate in a securities class action. However, you must have transacted in the security at issue in the U.S., or on a U.S. exchange.
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Q.How will I be notified of a potential recovery if I choose not to be a lead plaintiff in the action?A.If you are a member of the class, at the point of a classwide settlement or trial recovery, a court-appointed administrator will mail out notifications to class members relating to your claim and the case status. Because securities class actions often take several years, you should be sure to retain your records so that you can provide documentation of your purchases in the event of a settlement or trial recovery.
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Q.If I sold my shares in the company being sued, can I still participate in a securities class action?A.To participate in a securities class action, you generally are not required to continue to hold shares of the company after the class period expires. Your standing to participate in the securities class action is derived from your purchase and/or acquisition of shares during the alleged class period. But your decision to sell or otherwise dispose of securities following the class period may impact your damages. Likewise, selling your securities potentially limits your ability to assert other types of claims, including but not limited to shareholder derivative claims.
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A.Kirby McInerney litigates its class action cases on a contingency fee basis. This means we only get paid if we win the case at trial or if there is a settlement. The Firm does not receive any form of monetary compensation from a client at the outset of litigation or if the lawsuit is unsuccessful in recovering money for investors. Instead, the Firm’s fees are paid out of the recovery if there is a successful resolution to the case and a settlement or judgment is achieved. Attorneys’ fees may vary based on the size of the recovery, the duration and complexity of the litigation, and other factors. Kirby McInerney also generally advances all out-of-pocket costs and court expenses on behalf of its clients. Attorneys’ fees and expense reimbursement requests are subject to court approval. This system helps ensure that many investors with small losses can easily afford to bring class actions to assert their rights.
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A.Generally, no. Your out-of-pocket losses usually will be greater than recoverable damages. Recoverable damages are affected by the time you purchased and sold your shares, the price of the stock after the class period, and other individual circumstances. Usually, class members are awarded damages that are proportional to the actual individualized harm they suffered.
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A.As a small investor, if you purchased securities covered by a securities class action during the class period, your rights may already be protected by other investors with more significant losses who have already filed a securities class action. Kirby McInerney’s attorneys are available if you have any further questions about your rights as an investor.
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A.You can contact Kirby McInerney via email at investigations@kmllp.com or submit a contact form via the Firm’s website.
* These "Frequently Asked Questions" are provided by Kirby McInerney LLP for educational and informational purposes only and is not intended and should not be construed as legal advice.
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We represented a major pension fund and a sovereign wealth fund in negotiations with a money center bank to settle the clients’ claims in a prominent securities litigation. Dealing directly with defendants and without the need to file opt-out litigation, KM was able to procure for its clients significant settlements which represented more than 150% of the recovery they would have received should they have remained passive members of the class. To the firm’s knowledge, these two clients are the only entities to have received a settlement premium in this matter. KM continues to monitor the claims process to ensure everything is handled smoothly for its clients.
Whistleblower Spotlight
- State of NY ex rel. Tooley, LLC v. Sandell, et al., 101494/2018 (N.Y. Supreme Court, N.Y. County). KM procured the largest-ever settlement of an income tax whistleblower case under the New York False Claims Act – $105 million – through our representation of a whistleblower against hedge fund billionaire Thomas Sandell and Sandell Asset Management Corporation alleging they submitted false New York tax returns that failed to count more than $450 million as New York-taxable income, causing them to underpay New York taxes by more than $50 million. Our client received award of 21% of the $105 million recovery.
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Featured Case
Whistleblower Spotlight
- State of NY ex rel. Tooley, LLC v. Sandell, et al., 101494/2018 (N.Y. Supreme Court, N.Y. County). KM procured the largest-ever settlement of an income tax whistleblower case under the New York False Claims Act – $105 million – through our representation of a whistleblower against hedge fund billionaire Thomas Sandell and Sandell Asset Management Corporation alleging they submitted false New York tax returns that failed to count more than $450 million as New York-taxable income, causing them to underpay New York taxes by more than $50 million. Our client received award of 21% of the $105 million recovery.