Block & Leviton LLP :: News
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
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.
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
Block & Leviton LLP, Hausfeld LLP, and Grant & Eisenhofer P.A. Filed a Consumer Class Action Complaint Against Lumber Liquidators Holdings, Inc. Over Illegal Chinese Wood Flooring Products
On December 3, 2013, counsel filed a consumer class action lawsuit that arises out of Lumber Liquidators' scheme to import into the United States, and to falsely warrant, advertise, and sell, Chinese wood flooring that fails to comply with the United States formaldehyde standards and, in addition, is illegally sourced through China from other countries (including Russia), threatening critical habitat and endangered species. For a copy of the complaint, click here. Read More
Block & Leviton LLP Announces That A Class Action Lawsuit Was Filed Against Violin Memory, Inc. for Violations of the Federal Securities Laws
On November 21, 2013, following Violin Memory’s admission that its sales revenues had been materially impacted by the reprioritization of federal agencies’ budgets due to the uncertainty surrounding the negotiations over the federal budget and the possibility of a shutdown of the federal government, B&L launched an investigation into whether the Company’s conduct violated the federal securities laws. Read More
Block & Leviton Files A Class Action Lawsuit Against NQ Mobile, Inc. and its Officers and Underwriters Alleging Violations of the Federal Securities Laws
On October 29, 2013, B&L filed a securities class action lawsuit alleging that NQ Mobile and its officers orchestrated a multi-year fraud upon its shareholders. The first false statements were issued in connection with the companys initial public offering in May 2011 and continued through October 24, 2013. A copy of the complaint can be found here. Read More
Block & Leviton LLP Announces Settlement of Google Class C Shareholder Litigation
Boston, MA - Block & Leviton LLP, one of the court appointed co-lead counsel in the lawsuit pending in Delaware Chancery Court, In re Google Class C Shareholder Litigation, (Del. Ch. C.A. No. 7469-C), is pleased to report the settlement of the action two days prior to the start of trial. Read More
Court Certifies Class Consisting Of All Lowe’s Installers In California Who Were Misclassified As Independent Contractors As Opposed To Employees
Block & Leviton LLP, as Lead Counsel for the Class, announces that the Honorable Jeffrey S. White has granted Plaintiffs’ motion to certify a Class consisting of: “All persons who installed products for Lowe’s or performed services for Lowe’s in the State of California and who were treated as independent contractors by Lowe’s but over whom Lowe’s exercised control and discretion in the performance of their installation services.” Read More
Block & Leviton LLP has filed a securities class action on behalf of shareholders of CapitalSource Inc. alleging breaches of fiduciary duty
Block & Leviton LLP has filed a securities class action in the Delaware Court of Chancery against certain officers and directors of CapitalSource Inc. and PacWest Bancorp alleging breaches of fiduciary duty over the $2.3 billion transaction combining the two entities. The allegations include conflicts among the companies and their financial and legal advisors, insufficient compensation to shareholders, and draconian deal protections agreed to in order to guarantee the deterrence of any other suitor, including an unprecedented stock option grant of nearly 20% of the Company’s shares to PacWest should the deal be terminated. B&L is seeking injunctive and monetary relief. Please contact Jason M. Leviton or Steven P. Harte with questions concerning the lawsuit or if you would like to receive a copy of the complaint.
Block & Leviton LLP files a securities class action lawsuit against Harvest Natural Resources, Inc. and certain of its officers and directors
On April 22, 2013, B&L filed a securities class action lawsuit against HNR and certain of its officers and directors following their announcement that the Company would likely restate its financial results for the years 2010, 2011 and 2012. Read More
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