Block & Leviton LLP is a boutique law firm focused on complex litigation nationwide. Our dedicated team of attorneys brings a unique blend of experience and sound judgment to the vigorous representation of clients. The attorneys of Block & Leviton LLP have successfully prosecuted class and private actions on behalf of individual and institutional investors, recouping approximately $1.5 billion in losses and effectuating strong corporate governance reforms.
Block & Leviton Launches Investigation of Montage Technology Group Ltd. for Possible Violations of the Federal Securities Laws
On January 6, 2014, following the release of a research report written by Gravity Research, B&L launched an investigation into Montage Technology due to allegations that more than 70% of the Company’s revenues were fictitious and that its largest customer - LQW Technology Company Limited - is “nothing more than a shell company used to help fabricate [Montage Technology’s] financials.” :: Read More
Block & Leviton LLP Investigates Beam, Inc. for Possible Breaches of Fiduciary Duty in Connection with Its Acquisition by Suntory Holdings
B&L announces that it is investigating the Board of Directors of Beam, Inc. for potential breaches of fiduciary duty in its acquisition by Suntory Holdings. Beam it the parent company of some of the world’s most recognized alcohol beverages, including Jim Beam, Maker’s Mark and Laphroaig Scotch whiskey. The proposed transaction offers minimal recognition of the Company’s growth prospects and brand recognition, as the premium in the transaction is only 24%. B&L’s investigation seeks to determine, among other things, whether Beam’s directors breached their fiduciary duties by failing to maximize shareholder value in the proposed acquisition by Suntory Holdings, and the entire fairness of the process by which the Company’s directors considered and approved the transaction. :: Read More
Block & Leviton LLP Investigates Sirius XM Holdings Inc. for Possible Breaches of Fiduciary Duty in Connection with Its Potential Acquisition by Liberty Media Corporation
On January 3, 2014, B&L Launched an investigation into whether Sirius XM’s Board of Directors would breach their fiduciary duties by accepting a takeover bid from Liberty Media Corporation that fails to extract any premium for the Company’s shareholders. Indeed, XM’s shares traded above the offer price as recently as December 9, 2013, less than one month prior to the announcement of the Liberty offer, and traded above $4.00 per share in mid-October 2013 :: Read More
Block & Leviton LLP, Grant & Eisenhofer P.A., Bernstein Litowitz Berger & Grossman LLP and Barrack Rodos Bacine File a Class Action Against Sirius XM Holdings Inc.
On January 21, 2014, Block & Leviton LLP, Grant & Eisenhofer P.A., Bernstein Litowitz Berger & Grossman LLP and Barrack Rodos Bacine filed a class action lawsuit against Sirius XM Holdings Inc. and its board of directors alleging breaches of fiduciary duty in connection with its contemplated acquisition by Liberty Media Corporation. The complaint alleges that the Board did not adequately safeguard the interests of the minority shareholders in the negotiation process with Liberty Media, the controlling, majority shareholder of Sirius XM. A copy of the complaint is available for download here :: Read More
Block & Leviton LLP and Bernstein Litowitz Berger & Grossman LLP File A Class Action Against Peter Malkin, Anthony Malkin, and Malkin Holdings LLC For Breach of Fiduciary Duty In Connection with Public Offering of the Empire State Building
On January 14, 2014, counsel filed a class action lawsuit on behalf of individual investors in Empire State Building Associates, LLC that arises out of the Malkins' refusal to engage with outside bidders who made premium offers to buy the Empire State Building (which the Malkins controlled). These bids would have allowed investors to receive thousands of dollars more for their interests in the Empire State Building than they ultimately received in the IPO. But these offers would have derailed a transaction in which the Malkins ultimately received millions of dollars in unique, personal benefits not shared with other investors. For a copy of the complaint, please click here.
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Attorney Jason Leviton interviewed by ABC affiliate in Virginia regarding the firm’s recent consumer class action against Lumber Liquidators.
After a several month long investigation, Block & Leviton filed a consumer class action against Lumber Liquidators alleging that certain of the Company’s Chinese wood flooring products contained excess levels of formaldehyde and, in addition other products were sourced from critical habitats in Asia. Watch Jason Leviton discuss these allegations with ABC News here. :: Read More