October 21, 2019
A group of investors won't get a rethink of their rejected bid for class certification in a suit against an imprisoned Twitter stock fraudster because they "seem to misunderstand the allocation of burdens" in arguing their securities fraud claims, a New York federal judge said Monday.
October 21, 2019
A group of investors was denied certification Tuesday in a suit against an imprisoned Twitter stock fraudster after a New York federal judge found that claims at the "absolute core" of the suit were too individualized to qualify for a class action.
March 13, 2018
Two men and their lawyers at Wilentz Goldman & Spitzer PA and Cherundolo Law Firm PLLC asked a New York federal judge on Tuesday to let them lead a proposed class action against an imprisoned fraudster and the companies and individual that allegedly worked with him.
August 02, 2016
A New York federal judge released Nixon Peabody LLP and a former firm partner Tuesday from all allegations that they helped a fraudster with an investment scheme and tossed most of the suit's claims against others as well.
December 10, 2015
Nixon Peabody LLP and one of its partners must face new legal malpractice claims in a proposed class action claiming they aided a Ponzi-like scheme involving pre-initial public offering shares of Twitter after a New York judge on Wednesday allowed the investors to update the suit.
May 01, 2015
Nixon Peabody LLP and its top private equity attorney were sued Friday on claims they helped a fraud suspect hide his troubled past from investors and pull off a Ponzi-like scheme involving pre-IPO shares of Twitter Inc. and Uber Technologies Inc.