February 07, 2019
The New York federal judge overseeing a class action lawsuit related to CPI Card Group Inc.'s initial public offering on Wednesday awarded lead counsel Labaton Sucharow LLP $2.37 million in attorneys' fees and costs, stopping short of the total amount requested by investors for work in reaching an $11 million settlement with the credit card company.
January 02, 2019
CPI Card Group Inc. investors will receive $11 million in cash, according to a settlement proposed in New York federal court Monday, ending their claims that the payment technologies company oversold its chip-enabled financial card product ahead of its $172.5 million initial public offering.
September 05, 2018
A New York federal judge on Tuesday denied a CPI Card Group Inc. investor's bid for class certification in a suit over the chip-enabled payment card's $172.5 million initial public stock offering, a move that came less than a week after the two parties said they had reached an agreement in principle to settle the case.
June 12, 2018
In opposition to a class certification bid, CPI Card Group Inc. told a New York federal court on Monday that a man seeking to represent a class of investors accusing the chip-enabled card maker of misleading them in a $172.5 million initial public stock offering has a lack of familiarity with the case that makes him unfit for the task.
December 19, 2016
The lead plaintiff in a class action suit accusing a chip-enabled financial card maker of misleading investors in a $172.5 million initial public stock offering hit back against an order to dismiss Friday, saying the company saw a sales downturn coming before the IPO.
November 17, 2016
A supplier of chip-enabled financial cards on Wednesday asked a New York federal court to dismiss a consolidated class action accusing it of misleading investors in a $172.5 million initial public stock offering, arguing that its offering documents emphasized the very risks that investors claimed should have been disclosed.
August 31, 2016
Labaton Sucharow LLP will lead a consolidated class action against a maker of chip-enabled financial cards that allegedly misled investors by overselling its product prior to a $172.5 million initial public stock offering, a New York federal judge has said.
June 16, 2016
A maker of chip-enabled financial cards oversold its product in the runup to its $172.5 million initial public stock offering, misleading stock purchasers who saw the value of their shares halved as orders plummeted thanks to "bloated" inventory at financial institutions, a New York class action filed Wednesday alleges.