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ZACHARIA v. STRAIGHT PATH COMMUNICATIONS, INC. et al
Case Number:
2:15-cv-08051
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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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.
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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.
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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.