Friday, May 29, 2015

Faruqi & Faruqi Investigation: Rally Software Development Corporation

Faruqi & Faruqi, LLP Announces the Investigation of Rally Software Development Corporation (RALY) Over the Proposed Sale of the Company to CA Technologies

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rally Software Development Corporation (“Rally” or the “Company”) (NYSE: RALY) for potential breaches of fiduciary duties in connection with the sale of the Company to CA Technologies for approximately $480 million. 
The Company’s stockholders will only receive $19.50 for each share of Rally common stock they own. However, at least one analyst has set a price target of $24.00 for Rally’s stock price. Moreover, Rally has traded significantly higher than the offering price over the past two-year period.
If you own common stock in Rally and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Faruqi & Faruqi Investigation: Broadcom Corporation

Faruqi & Faruqi, LLP Announces the Investigation of Broadcom Corporation (BRCM) Over the Proposed Sale of the Company to Avago Technologies

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Broadcom Corporation (“Broadcom” or the “Company”) (NASDAQ: BRCM) for potential breaches of fiduciary duties in connection with the sale of the Company to Avago Technologies for approximately $37 billion. 
Broadcom shareholders will have several options for the consideration they opt to receive, including: (i) $54.50 in cash; (ii) 0.4378 ordinary shares in a newly-formed Singaporean holding company ("HoldCo"); (iii) a restricted equity security that is the economic equivalent of 0.4378 ordinary shares of HoldCo that will not be transferable or saleable for a period of one to two years after closing; or (iv) a combination thereof.
The values offered are less than at least one Broadcom price target, which is set at $63.00. Moreover, the Company’s stock has traded at higher than $54.50 over the past year.
If you own common stock in Broadcom and wish to obtain additional information and protect your investments free of charge, please visit fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Thursday, May 28, 2015

Faruqi & Faruqi Investigation: SFX Entertainment Inc.

Faruqi & Faruqi, LLP Announces the Investigation of SFX Entertainment Inc. (SFXE) Over the Proposed Sale of the Company in a Going Private Transaction with the Company CEO

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SFX Entertainment Inc. (“SFX” or the “Company”) (Nasdaq: SFXE) for potential breaches of fiduciary duties in connection with the sale of the Company to Robert F.X. Sillerman, the Company's Chief Executive Officer and Executive Chairman of the Board of Directors for approximately $774 million.  The Company’s stockholders will only receive $5.25 per share in cash for each SFX share they own. However, the offer price is significantly below both SFX's 52-week high of $8.49 per share and the median analyst price target of $6.00 per share.
If you own common stock in SFX and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Wednesday, May 27, 2015

Faruqi & Faruqi Investigation: Geeknet, Inc.

Faruqi & Faruqi, LLP Announces the Investigation of Geeknet, Inc. (GKNT) Over the Proposed Sale of the Company to Hot Topic

May 26, 2015 –Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Geeknet, Inc. (“Geeknet” or the “Company”) (NASDAQ: GKNT) for potential breaches of fiduciary duties in connection with the sale of the Company to Hot Topic for approximately $122 million.  The Company’s stockholders will only receive $17.50 for each share of Geeknet common stock they own. Geeknet stock has traded significantly higher than the offer price over the past two calendar years.
If you own common stock in Geeknet and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Tuesday, May 26, 2015

Faruqi & Faruqi Investigation: Vipshop Holdings Limited

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Vipshop Holdings Limited To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Vipshop Holdings Limited (“Vipshop” or the “Company”) (NYSE: VIPS).

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that:  (1) Vipshop manipulated and overstated its sales, receivables, profit, cash flows, and asset accounts; and (2) Vipshop's financial statements contain GAAP violations by reporting revenue on a gross basis even though the majority of Company sales are conducted under a consignment arrangement.
Take Action
If you invested in Vipshop stock or options between February 17, 2015 through May 11, 2015 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding Vipshop’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Investigation: CHC Group Ltd.

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In CHC Group Ltd. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at CHC Group Ltd. (“CHC Group” or the “Company”) (NYSE: HELI).
On July 10, 2014, CHC Group's executive officers revealed that Petrobras had not made payments on contracts to CHC Group since April 2013 – approximately nine months prior to the Company's IPO.  On this news, shares of CHC Group's stock declined $0.99 per share, or 11.5%, to close on July 10, 2014 at $7.63 per share.  The closing price of the Company's common stock on July 10, 2014 represented a decline of more than 23% from the price of the stock at the time of CHC Group's IPO less than six months prior.
Take Action
If you invested in CHC Group stock or options between January 16, 2014 and July 10, 2014 and would like to discuss your legal rights, please call Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding CHC Group’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Investigation: Iso Ray, Inc.

Faruqi & Faruqi, LLP the Investigation of IsoRay, Inc. and its Officers for Potential Securities Stock Fraud in Connection with the Doctoring of Study Results - ISR


Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at IsoRay, Inc. (“IsoRay” or the “Company”) (NYSE MKT: ISR).
On May 22, 2015, the market news website TheStreet.com published an article titled "IsoRay Takes Liberties With Lung Cancer Study Results to Prop Up Stock Price," which reported that "To make up for the inability to deliver revenue growth -- and prop up its stock price -- IsoRay issues a lot of promotional press releases, some of which take liberties with clinical data using clever, selective editing."  The article goes on to give the following example: IsoRay recently trumpeted a 100% survival at five years in high risk patients being treated with Cesium-131 without mentioning that the comparable five year survival rate for patients undergoing surgery alone is 98%.   
Take Action
If you invested in IsoRay stock or options  and would like to discuss your legal rights, please contact us by filling out the form below, by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330, or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding IsoRay’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Investigation: Eagle Rock Energy Partners

Faruqi & Faruqi, LLP Announces the Investigation of Eagle Rock Energy Partners, L.P. (EROC) Over the Proposed Sale of the Company to Vanguard Natural Resources (VNR)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Eagle Rock Energy Partners, L.P.  (“Eagle Rock” or the “Company”) (NasdaqGS: EROC) for potential breaches of fiduciary duties in connection with the sale of the Company to Vanguard Natural Resources for approximately $474 million. The Company’s stockholders will only receive 0.185 units of Vanguard for each unit of Eagle Rock they own, the value of which is equivalent to $3.05 per Eagle Rock share. However, Eagle Rock has traded as high $5.25 over the past calendar year.
If you own common stock in Eagle Rock and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Friday, May 22, 2015

Faruqi & Faruqi Law Investigating Frisch Fraud


Juan E. Monteverde, Esq of Faruqi & Faruqi Law is investigating the Board of Directors of Frisch's Restaurants, Inc. The investigation is for potential breaches of fiduciary duties in connection with the sale of the Company to an NRD Partners I, L.P. affiliate for approximately $175 million. The Company's stockholders will only receive $24 for each share of Frisch's common stock that they own.

Find more information on the Faruqi & Faruqi Law website, or contact Juan E. Monteverde direct.

Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation.  The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.

Tuesday, May 19, 2015

Faruqi & Faruqi Investigation: GrafTech International Ltd.

INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of GrafTech International Ltd. (GTI) Over the Proposed Sale of the Company to Brookfield Asset Management, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GrafTech International Ltd. (“GrafTech” or the “Company”) (NYSE: GTI) for potential breaches of fiduciary duties in connection with the sale of the Company to Brookfield Asset Management, Inc. (“Brookfield”) for approximately $546 million.  The Company’s stockholders will only receive $5.05 per share in cash for each share of GrafTech common stock they own. However, at least one analyst has set a price target of $6.00 for the Company’s stock.
The investigation focuses on whether GrafTech’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of GrafTech’s shareholders.
If you own common stock in GrafTech and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Monday, May 18, 2015

Faruqi & Faruqi Press Release: Altair Nanotechnologies, Inc.


On May 15, 2015, Judge Analisa Torres of the United States District Court for the Southern District of New York appointed Faruqi & Faruqi, LLP and one other law firm as co-lead counsel for plaintiffs in: In re Altair Nanotechnologies Shareholder Derivative Litigation, 1:14-cv-09418-AT (S.D.N.Y.). Judge Torres wrote that “Both firms have significant experience in the area of shareholder derivative and securities class action litigation... and both are well-qualified to pursue this litigation.” The Lead Counsel Order can be accessed here.
The complaint alleges the breach of fiduciary duty, the waste of corporate assets, unjust enrichment, the aiding and abetting of fiduciary violations, and gross mismanagement by the individual defendants. For further information, please contact Stuart J. Guber at sguber@faruqilaw.com or (215) 277-5770.

Friday, May 15, 2015

Faruqi & Faruqi Alert: Etsy, Inc.

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Etsy, Inc. To Contact The Firm - ETSY

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Etsy, Inc. (“Etsy” or the “Company”) (NASDAQ: ETSY) of the July 13, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Etsy and certain officers of the Company.
A complaint has been filed in the United States District Court for the Eastern District of New York on behalf of all persons who purchased or otherwise acquired Etsy securities between April 16, 2015 and May 10, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, Etsy made false and misleading statements and/or failed to disclose that: (i) over 5% of all merchandise for sale on the Company’s website may be either counterfeit or constitute trademark or copyright infringement; and (ii) brands are increasingly pursuing sellers on Etsy over trademark or copyright infringement, jeopardizing the Company’s listing fees and commissions.
On May 11, 2015, several news outlets reported that Gil Luria, an equity analyst at Wedbush Securities, issued a note downgrading Etsy to “Underperform” and alleged that over 5% of merchandise sold on Etsy was either counterfeit or was violating trademark or copyright infringement.
Following this news, the price of the Company’s stock declined by $1.86 per share, or over 8%, to close on May 11, 2015 at $20.85 per share.
Take Action
If you invested in Etsy securities during the Class Period and would like to discuss your legal rights, visit you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Thursday, May 14, 2015

Faruqi & Faruqi Investigation: Pall Corporation

PALL CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Pall Corp. Over the Proposed Sale of the Company to Danaher Corp. - PLL

May 13, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pall Corp. (“Pall” or the “Company”) (NYSE: PLL) for potential breaches of fiduciary duties in connection with the sale of the Company to Danaher Corp. (“Danaher Corp.”) (NYSE: DHR) for approximately $13.8 billion.  The Company’s stockholders will receive $127.80 in cash for each share of Pall Corp. common stock they own.
The investigation focuses on whether Pall’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Pall’s shareholders.
If you own common stock in Pall and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Wednesday, May 13, 2015

Faruqi & Faruqi Investigation: Trinity Industries Inc.

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Trinity Industries Inc. (TRN) To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Trinity Industries Inc. (“Trinity” or the “Company”) (NYSE: TRN).
The investigation focuses on whether Trinity and its executives violated federal securities laws by failing to disclose that the Company changed the dimensions of its ET-Plus guardrail product in 2005 without informing the Federal Highway Administration (“FHWA”).
On October 20, 2014, a federal jury found Trinity liable for concealing information from the U.S. government over modifications made to the Company’s ET-Plus guardrail systems. The jury found that the Company’s violations had caused the U.S. government to incur $175 million in damages, making Trinity potentially liable for three times that amount. Additionally, several other states have prohibited further purchases of the guardrail system citing safety concerns.
On April 22, 2015, a Bloomberg news report stated that “the U.S. Justice Department is conducting a criminal investigation into the use of a highway guardrail system linked to at least eight deaths, according to people familiar with the matter, signaling a new wave of potential woes for manufacturer Trinity Industries Inc.” On this news, Trinity stock declined $3.43 per share, over 9%, to close at $32.82 per share on April 22, 2015. 
On April 24, 2015, the Company confirmed the initiation of the federal investigation in a conference call with investors.  On this news, Trinity stock declined an additional $4.66 per share, or 14%, to close at $28.70 per share on April 24, 2015 on heavy trading volume.
Take Action
If you invested in Trinity stock or options between February 16, 2012 and April 21, 2015 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding Trinity’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Alert: AudioEye, Inc.

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In AudioEye, Inc. To Contact The Firm – AEYE

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in AudioEye, Inc. (“AudioEye” or the “Company”) (Other OTC: AEYE) of the June 15, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against AudioEye and certain officers of the Company.
A complaint has been filed in the United States District Court for the District of Arizona on behalf of all persons who purchased or otherwise acquired AudioEye securities from May 5, 2014 to April 1, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, AudioEye made false and/or misleading statements and failed to disclose that (i) the Company improperly accounted for all revenue from non-cash exchanges of a license for services with a customer; and (ii) AudioEye failed to employ internal controls over its financial reporting.
On April 1, 2015, the Company disclosed that its previously issued financial results for the first three quarters of 2014 will be restated and the preliminary earnings release for the fourth quarter of 2014 and the full year of 2014 could no longer be relied upon.

Following this news, the price of the Company’s stock declined by $0.10 per share, or over 24%, to close on April 1, 2015 at $0.31 per share.
Take Action
If you invested in AudioEye securities or options between during the Class Period and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Alert: ForceField Energy Inc.

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In ForceField Energy Inc. To Contact The Firm - FNRG

Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in ForceField Energy Inc. (“ForceField” or the “Company”) (NASDAQ: FNRG) of the June 16, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against ForceField, certain executives and the Company’s investor relations firms. 
A complaint has been filed in the Southern District of New York on behalf of all persons who purchased or otherwise acquired ForceField securities from September 16, 2013 through April 15, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that (i) articles purportedly published by independent authors touting ForceField were actually paid promoters hired by the Company and (ii) members of ForceField’s management have a troubling history with fraudulent companies.
On April 15, 2015, an article was published by SeekingAlpha.com alleging that the Company was promoted by multiple paid promoters and that the management has close connections to past frauds.
Following this news, the price of the Company’s stock declined by $1.66 per share, or over 21%, to close at $6.05 on April 15, 2015. 
Take Action
If you invested in ForceField stock or options during the Class Period and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Investigation: AOL, Inc.

AOL, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of AOL, Inc. Over the Proposed Sale of the Company to Verizon Communications, Inc. - AOL

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AOL, Inc. (“AOL” or the “Company”) (NYSE: AOL) for potential breaches of fiduciary duties in connection with the sale of the Company to Verizon Communications, Inc. (“Verizon”) (NYSE: VZ) for approximately $4.4 billion.  The Company’s stockholders will receive $50 in cash for each share of AOL common stock they own. Analysts have set price targets as high as $67 per share of AOL, $17 higher than the valuation the deal gives to the same shares.
The investigation focuses on whether AOL’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of AOL’s shareholders.
If you own common stock in AOL and wish to obtain additional information and protect your investments free of charge, please contact Faruqi & Faruqi's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Tuesday, May 12, 2015

Faruqi & Faruqi Alert: Endurance International Group Holdings, Inc.

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Endurance International Group Holdings, Inc. To Contact The Firm - EIGI

Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in Endurance International Group Holdings, Inc. (“Endurance” or the “Company”) (NASDAQ: EIGI) of the July 6, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Endurance and certain executives. 
A complaint has been filed in the District of Massachusetts on behalf of all persons who purchased Endurance securities from November 4, 2014 through April 27, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that (i) Endurance overstated its 2014 Average Revenue per Subscriber and organic growth rate and (ii) the Company had engaged in irregular accounting practices in connection with its international business.
On April 28, 2015, a report was published by Gotham City Research LLC alleging that 40-100% of Endurance’s reported profits were suspect, the Company used related parties to inflate earnings, and that there were various accounting irregularities in connection with Endurance’s international business, among other things.
Following this news, the price of the Company’s stock declined by $2.24 per share, or over 10%, to close at $19.70 on April 28, 2015.
Take Action
If you invested in Endurance stock or options during the Class Period and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Monday, May 11, 2015

Faruqi & Faruqi Alerts: Cellular Biomedicine Group, Inc.

CELLULAR BIOMEDICINE GROUP INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Cellular Biomedicine Group, Inc. To Contact The Firm - CBMG

Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in Cellular Biomedicine Group, Inc. (“Cellular” or the “Company”) (NASDAQ: CBMG) of the June 22, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Cellular and certain executives. 
A complaint has been filed in the Northern District of California on behalf of all persons who purchased or otherwise acquired Cellular securities from June 18, 2014 through April 7, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that: (i) Cellular reached an unsustainable valuation of $500 million as a result of utilizing paid stock promoters; and (ii) the “Car-T” technology had experienced patient deaths and did not have any meaningful valuation.
On April 7, 2015, Seekingalpha.com published a report alleging that the Company had engaged in a fraudulent scheme which misled investors.
Following this news, the price of Cellular’s stock declined by $7.00 per share, or over 21%, to close at $25.22 on April 7, 2015.
Take Action
If you invested in Cellular stock or options during the Class Period and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Investigation: Ampio Pharmaceuticals, Inc.

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Ampio Pharmaceuticals, Inc. (AMPE) To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Ampio Pharmaceuticals, Inc. (“Ampio” or the “Company”) (NYSE:AMPE).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that (1) the clinical research organization conducting the STEP Study lacked autonomy; and (2) the trial drug supply for the STEP Study was shipped to clinical sites at lower temperatures than were permitted by the drug’s specifications.
On April 20, 2015, Ampio announced that “the multiple injection STRIDE study AP008 did not reach its primary endpoint against the saline control test.”  On this news, shares of Ampio fell $5.18 per share, to close at $2.69, or more than 65.8%, on April 24, 2015.
Take Action
If you invested in Ampio stock or options between January 13, 2014 through August 21, 2014 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding Ampio’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi Investigation: Aerie Pharmaceuticals, Inc.

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Aerie Pharmaceuticals, Inc. (AERI) To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Aerie Pharmaceuticals, Inc. (“Aerie” or the “Company”) (NASDAQ: AERI).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose material adverse information about the future prospects for its once-daily eye drop medication Rhopressa, designed to lower intraocular pressure (“IOP”) in patients with glaucoma or ocular hypertension.
On April 23, 2015, Aerie issued a press release announcing the results of its first Phase 3 registration trial for Rhopressa.  According to the press release, “
[t]he trial did not meet its primary efficacy endpoint of demonstrating non-inferiority of IOP lowering for once-daily Rhopressa compared to twice-daily timolol, the most widely used comparator in registration trials for glaucoma.”
Following this unexpected news, shares of Aerie’s stock fell $22.52 per share, or over 63%, to close on April 24, 2015 at $12.87 per share.
Take Action
If you invested in Aerie stock or options between August 6, 2014 and April 23, 2015 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com Faruqi & Faruqi, LLP also encourages anyone with information regarding Aerie’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Friday, May 8, 2015

Faruqi & Faruqi Investigation: Crestwood Midstream Partners

CRESTWOOD MIDSTREAM PARTNERS LP INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Crestwood Midstream Partners LP Over the Proposed Sale of the Company to Crestwood Equity Partners LP – (CMLP)

May 7, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Crestwood Midstream Partners  (“Crestwood Midstream” or the “Company”) (NYSE: CMLP) for potential breaches of fiduciary duties in connection with the sale of the Company to Crestwood Equity Partners (“Crestwood Equity”) (NYSE: CEQP) for approximately $3.5 billion in an all-stock transaction.  The Company’s stockholders will receive 2.75 Crestwood Equity Units for each share of Crestwood Midstream common stock they own, which values shares of Crestwood Midstream at around $18.75 per share. Interestingly, Analysts have priced shares of Crestwood Midstream as high as $26.00, $7.25 higher than what the deal values the Crestwood Midstream shares at.
The investigation focuses on whether Crestwood’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Crestwood Midstream’s shareholders.
If you own common stock in Crestwood Midstream’s and wish to obtain additional information and protect your investments free of charge, please contact F&F partner Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Faruqi & Faurqi Law Investigation: Synageva BioPharma, Inc.

SYNAGEVA BIOPHARMA CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Synageva BioPharma Corp. Over the Proposed Sale of the Company to Alexion Pharmaceuticals, Inc.- GEVA

May 7, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Synageva BioPharma, Inc. (“Synageva” or the “Company”) (Nasdaq: GEVA) for potential breaches of fiduciary duties in connection with the sale of the Company to Alexion Pharmaceuticals, Inc. (“Alexion”) (Nasdaq: ALXN) for approximately $8.4 billion in a cash and stock transaction. The deal gives Synageva shares a total value of $226; $115 of which will be paid in cash, while the remaining $111 will be paid for in Alexion stock.
The investigation focuses on whether Synageva’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Synageva’s shareholders.
If you own common stock in Synageva and wish to obtain additional information and protect your investments free of charge, please contact F&F partner Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Faruqi & Faurqi Law Investigation: Quality Distribution, Inc.

QUALITY DISTRIBUTION, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Quality Distribution, Inc. Over the Proposed Sale of the Company to Apax Partners - QLTY

May 7, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Quality Distribution, Inc. (“Quality Distribution” or the “Company”) (Nasdaq: QLTY) for potential breaches of fiduciary duties in connection with the sale of the Company to Apax Partners (“Apax”) for approximately $800 Million in an all-cash transaction.  The Company’s stockholders will receive $16.00 for each share of Quality Distribution common stock they own. It is important to note that analysts have set price targets as high as $18.00 for a share of Quality Distribution.
The investigation focuses on whether Quality Distribution’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Quality Distribution’s shareholders.
If you own common stock in Quality Distribution and wish to obtain additional information and protect your investments free of charge, please contact F&F partner Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Wednesday, May 6, 2015

Faruqi & Faurqi Law Alerts: MobileIron, Inc.


MOBILEIRON INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In MobileIron, Inc. To Contact The Firm - MOBL
Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in MobileIron, Inc. (“MobileIron” or the “Company”) (NASDAQ: MOBL) of the June 30, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against MobileIron and certain executives. 
A complaint has been filed in the Northern District of California on behalf of all persons who purchased MobileIron securities from February 13, 2015 through April 22, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that MobileIron had unrealistic expectations of meeting first quarter 2015 guidance as a result of not being able to close large customers and a continuing shift in the Company’s customers using subscription services instead of perpetual licenses.
On April 22, 2015, MobileIron announced lower revenue guidance due in part to the inability to close large deals and a shift by customers to monthly subscription offerings.  The Company also announced the resignation of its Chief Financial Officer.
Following this news, the price of MobileIron’s stock declined by $2.39 per share, or over 25%, to close at $7.11.
Take Action
If you invested in MobileIron stock or options during the Class Period and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comFaruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faurqi Law Alerts: Rubicon Technology, Inc.


RUBICON TECHNOLOGY INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Rubicon Technology, Inc. To Contact The Firm - RBCN
Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in Rubicon Technology, Inc. (“Rubicon” or the “Company”) (NASDAQ: RBCN) of the June 29, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Rubicon, certain executives and directors and the underwriters of the Company’s public offering (the “Offering”). 
A complaint has been filed in the Northern District of Illinois on behalf of all persons who purchased Rubicon common stock in the Company’s Offering on or about March 19, 2014.
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that the documents issued pursuant to the Offering did not disclose material trends, events and uncertainties, including the reversal of Rubicon’s trend of shrinking losses, high development costs and inventory write-offs.
On May 1, 2014, the Company published a press release and held a conference call discussing disappointing financial results and disclosing that its trend of shrinking losses had reversed in the first quarter of 2014.
Following this news, the price of Rubicon’s stock declined by $1.67 per share, or over 16%, to close at $8.51.
Take Action
If you invested in Rubicon stock or options in the Company’s Offering on or about March 19, 2014 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Tuesday, May 5, 2015

Faruqi & Faurqi Law Investigation: Cyan, Inc.

INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Cyan, Inc. (CYNI) Over the Proposed Sale of the Company to Ciena Corporation in a Cash Deal
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cyan, Inc. (“Cyan” or the “Company”) (NYSE: CYNI) for potential breaches of fiduciary duties in connection with the sale of the Company to Ciena Corporation (NYSE: CIEN) for approximately $400 million.  The Company’s stockholders will only receive $4.75 for each share of Cyan common stock they own. However, Cyan has historically traded at much higher prices. In fact, Cyan stock traded upwards of $9.00 for most of the fall of 2013 – more than double the current deal price.
The investigation focuses on whether Cyan’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Cyan’s shareholders.
If you own common stock in Cyan and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Faruqi & Faurqi Law Investigation: PMFG, Inc.

PMFG, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of PMFG, Inc. Over the Proposed Sale of the Company to CECO Environmental Corp. - PMFG
May 4, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PMFG, Inc. (“PMFG” or the “Company”) (Nasdaq: PMFG) for potential breaches of fiduciary duties in connection with the sale of the Company to CECO Environmental Corp. (“CECO”) (Nasdaq: CECE)  for approximately $150 million equity value in a cash or stock transaction.  The Company’s stockholders will elect to receive $6.85 in either cash or stock for each share of PMFG common stock they own. Additionally, at least one analyst has set a price target for PMFG as high as $9.50 per share.
The investigation focuses on whether PMFG’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of PMFG’s shareholders.
If you own common stock in PMFG and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Monday, May 4, 2015

Faruqi & Faurqi Law Investigation: Audience Inc.


INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Audience, Inc. Over the Proposed Sale of the Company to Knowles Corporation
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Audience, Inc. (“Audience” or the “Company”) (NasdaqGS: ADNC) for potential breaches of fiduciary duties in connection with the sale of the Company to Knowles Corporation (NYSE: KN) for approximately $85 million in a cash and stock deal.  The Company’s stockholders will only receive $2.50 in cash and $2.50 in Knowles common stock for each share of Audience common stock they own for a total of $5.00 per share. At least one analyst has set a price target of $10.00 for Audience shares, and the Company’s stock has traded as high as $13.11 over the past year.
The investigation focuses on whether Audience’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Audience’s shareholders.
If you own common stock in Audience and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.