Block & Leviton LLP :: News

Block & Leviton LLP Announces That It Has Filed A Securities Class Action Lawsuit Against Prospect Capital Corporation And Certain Of Its Officers And Directors
On May 28, 2014, Block & Leviton filed a securities class action lawsuit against Prospect Capital Corporation. The lawsuit, captioned Willey v. Prospect Capital Corporation et al., 14-cv-3796, is pending in the Southern District of New York and alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, on behalf of investors who purchased or otherwise acquired Prospect’s securities during the period September 14, 2009, through May 6, 2014, inclusive. Read More

Block & Leviton LLP Announces the Filing of a Class Action Lawsuit Against Hyperdynamics Corporation
Block & Leviton LLP announces that a class action lawsuit has been filed on behalf of purchasers of securities in Hyperdynamics Corporation. The suit covers investors who purchased stocks, bonds and options in HDY between November 8, 2012, and March 11, 2014, and arises out of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Read More

Court grants preliminary approval of $5.5 million settlement of Swisher Hygiene, Inc. Securities Litigation
The United States District Court for the Western District of North Carolina granted preliminary approval to the settlement of the securities class action brought on behalf of investors who purchased Swisher Hygiene, Inc. common stock between March 1, 2011 and March 28, 2012. Defendants have agreed to pay $5.5 million to resolve claims that Swisher issued false financial results during the class period. The settlement provides a recovery of between 20% and 30% of investors’ recoverable losses. The final approval hearing is scheduled for August 6, 2014. Claim forms will be available as of April 3, 2014. Block & Leviton is lead counsel for the class.

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 company’s 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

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