Block & Leviton LLP :: Investigations

Block & Leviton LLP Investigates Mercury Systems, Inc. for Possible Breaches of Fiduciary Duty in Connection with Its Potential Acquisition
Block & Leviton LLP, a Boston based law firm representing investors nationwide, has launched an investigation into Mercury Systems, Inc., a company headquartered and incorporated in the commonwealth of Massachusetts, regarding its proposed acquisition. According to analysts and Reuters’ reports, Mercury is expected to announce that it is being acquired in a strategic transaction. B&L is investigating whether the directors properly considered all options, including remaining as a standalone company, and whether the deal will be fair to shareholders. Read More

Block & Leviton LLP Investigates SWS Group, Inc. for Possible Breaches of Fiduciary Duty in Connection with Its Acquisition by Hilltop Holdings
Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible breaches of fiduciary duty by the Board of Directors of SWS Group, Inc. (“SWS” or the “Company”) (NYSE: SWS) concerning the proposed acquisition of the Company by Hilltop Holdings (“Hilltop”) (NYSE: HTH). Read More

Block & Leviton LLP Investigates Possible Credit Card Breach at California Department of Motor Vehicles
Block & Leviton LLP has commenced an investigation into reports of a credit card data breach at the California Department of Motor Vehicles (DMV). According to reports, the breach may have compromised transactions on the California DMV website between August 2, 2013 and January 31, 2014 and the data stolen may have included credit card numbers, expiration dates and three-digit security codes. Read More

Block & Leviton LLP Investigates Checkpoint Systems Inc. for Possible Violations of the Federal Securities Laws
BOSTON, March 20, 2014 /PRNewswire/ -- Block & Leviton, LLP is investigating claims of potential securities fraud by Checkpoint Systems, Inc. (“Checkpoint”)(NYSE:CKP). Checkpoint today announced that it would be required to restate its previously issued financial results for its past three fiscal years due to improper revenue recognition. Read More

Block & Leviton LLP Investigates Claims on Behalf of Investors Who Traded in Electricity Derivatives on the ICE during the Period November 2006 through December 2008
Block & Leviton LLP is investigating claims on behalf of individuals who traded in electricity derivatives on the Intercontinental Exchange (the “ICE”) during the period November 2006 through December 2008 (the “Relevant Period”). Based on our investigation to date, we believe that Barclays plc (“Barclays”) may have manipulated the western power market during the Relevant Period, thereby causing financial harm to investors trading opposite Barclays in the following products: OffPeak and Peak Mid-Columbia (“MIDC”); Peak North Path 15 (“NP”); Peak South Path 15 (“SP”); and Peak Palo-Verde (“PV”). Read More

Block & Leviton LLP Investigates Schawk, Inc. for Possible Breaches of Fiduciary Duty in Connection with Its Acquisition by Matthews International Corporation
On March 17, 2014, attorneys at Block & Leviton announced the firm’s investigation into Schawk, Inc. (NYSE: SGK). The investigation focuses on whether officers and directors of Schawk breached their fiduciary duties in agreeing the an acquisition by Matthews International Corporation (“Matthews”). Of particular concern is the fact that members of the Schawk family and various Schawk family trusts, who collectively own approximately 61% of the common stock of Schawk, have agreed to vote in favor of the merger, along with the news that Schawk, Inc.’s current CEO David Schawk will be appointed to the Board of Directors of Matthews and remain employed at the combined company. B&L’s investigation intends to determine whether the proposed transaction was entirely fair to minority shareholders or if it was biased towards the Schawk family’s interests. Read More

Block & Leviton LLP Investigates MagnaChip Semiconductor Corporation for Possible Violations of the Federal Securities Laws
The attorneys of Block & Leviton LLP are investigating allegations that MagnaChip Semiconductor Corp. ("MagnaChip" or the "Company") used improper accounting methodology with regard to its revenue recognition procedures. The revelation of this material weakness to MagnaChip's internal controls resulted in the need to restate financial results dating back to 2011, and the Company announced that its prior financial statements for much of the previous three years should no longer be relied upon by investors. Additionally, MagnaChip relieved CFO Margaret Sakai of her responsibilities as the Company's principal accounting officer. Upon the stock market absorbing this news, the stock price immediately declined approximately 10% and continues to fall. Block & Leviton encourages any interested shareholders, persons with knowledge of the investigation or Company whistleblowers to contact any of the firm's attorneys. Read More

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

<< Previous 1 2 3 4 5 6 7 8 Next >>