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ZACHARIA v. STRAIGHT PATH COMMUNICATIONS, INC. et al

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Case Number:

2:15-cv-08051

Court:

New Jersey

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

John Michael Vazquez

Firms

Companies

Sectors & Industries:

  1. September 10, 2018

    Attys Win $2.5M Of $9.4M Spectrum Investor Suit Deal

    A New Jersey federal judge on Friday awarded $2.5 million in attorneys' fees as part of a $9.45 million settlement between Straight Path Communications and shareholders who accused the telecommunications asset holder of improperly acquiring and overstating the value of spectrum licenses.

  2. October 12, 2017

    Spectrum License Holder To Pay $9.4M To End Investor Suit

    Straight Path Communications has agreed to pay $9.45 million to settle a lawsuit with shareholders who accused the telecommunications asset holder of improperly acquiring and overstating the value of spectrum licenses, which caused the company's stock price to drop when brought to light.

  3. November 16, 2015

    Spectrum License Holder Hit With Investor Suit

    A holder of telecommunications and intellectual property assets improperly acquired and overstated the value of its spectrum licenses, causing the company's stock to drop dramatically when the truth began to emerge, according to a putative class action filed Friday.