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IN RE CPI CARD GROUP INC. SECURITIES LITIGATION

  1. February 07, 2019

    Credit Card Co. Investors Score $2.4M In IPO Suit Atty Fees

    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.

  2. January 02, 2019

    Credit Card Co. Investors Strike $11M Cash Deal Over IPO

    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.

  3. September 05, 2018

    Class Cert. Denied In $173M IPO Suit Amid Settlement Talks

    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.

  4. June 12, 2018

    CPI Says Investor Is Unfit To Lead $173M IPO Suit

    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.

  5. December 19, 2016

    Investor Says Card Co. Knew Sales Trends Were Down Pre-IPO

    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.

  6. November 17, 2016

    Chip Card Co. Wants Suit Over $173M IPO Tossed

    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.

  7. August 31, 2016

    Labaton To Lead Class Action Over $173M Chip-Card Co. IPO

    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.

  8. June 16, 2016

    Chip-Card Maker's $172M IPO Misleading, Class Action Says

    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.

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