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Tharp v. Acacia Communications, Inc. et al
Case Number:
1:17-cv-11504
Court:
Nature of Suit:
Multi Party Litigation:
Class Action, Derivative Litigation
Judge:
Firms
- Abraham Fruchter
- Alston & Bird
- Block & Leviton
- Glancy Prongay
- Goodwin Procter
- Greenberg Traurig
- Hutchings Barsamian
- Johnson Fistel
- Matorin Law Office
- Mintz Levin
- Pomerantz LLP
- Robbins Geller
- Ropes & Gray
- Shapiro Haber
- WilmerHale
Companies
- Acacia Communications Inc.
- Bank of America Corp.
- Deutsche Bank AG
- Matrix Partners LP
- Morgan Stanley
- Needham & Co. LLC
- Summit Partners
- William Blair & Co. LLC
Sectors & Industries:
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January 24, 2019
Acacia Shareholders' Attys End Up With $725K In Fee Fight
The attorneys who brought a derivative suit against Acacia Communications Inc. and its executives will receive $725,000 in fees and expenses in the litigation after reaching a compromise on the amount with the company, according to a Boston federal court order approving the deal Wednesday.
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December 19, 2018
Mass. Judge To Hear Expert In $1.75M Acacia Atty Fee Fight
A Boston federal judge said Wednesday he wants to hear from an expert before deciding a dispute over a $1.75 million attorneys' fee proposition from Acacia Communications Inc. shareholders, but approved a settlement between the shareholders and the fiber optics company in their insider trading case.
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November 08, 2018
Acacia Shareholders Seek $1.75M Atty Fees, Final OK Of Deal
Shareholders for Acacia Communications Inc. have asked a Massachusetts federal judge for $1.75 million in attorneys' fees and final approval of a settlement that will have the fiber optics company improve its corporate governance to address allegations of misconduct by Acacia executives that led to multiple derivative suits.
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August 03, 2018
Acacia Execs Strike Deal To End Derivative Suits
Executives at Acacia Communications Inc. moved forward on Friday with a settlement to end shareholder derivative suits claiming the leaders of the Massachusetts fiber optics company sat on information about a decline in market share and thousands of defective modules.
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June 18, 2018
Acacia Execs Beat Shareholder Class Action In Mass.
A federal judge in Massachusetts has dismissed a purported class action against Acacia Communications Inc., finding the company made no misstatements that investors claimed led to a steep stock drop in 2017.
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May 02, 2018
Scott & Scott, Robbins Arroyo Win Lead In Acacia Stock Suit
Scott & Scott Attorneys at Law LLP and Robbins Arroyo LLP will work side-by-side to lead a shareholder derivative lawsuit filed against the board of directors at Acacia Communications Inc. after stock prices plummeted last year, a Massachusetts federal judge said in an order published Wednesday.
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March 28, 2018
Robbins Arroyo, Rosen Law Bid For Lead In Acacia Stock Suit
Robbins Arroyo LLP and The Rosen Law Firm PA asked a Massachusetts federal judge on Wednesday to appoint them co-lead counsel, and reject a similar bid by Connecticut-based firm Scott & Scott Attorneys at Law LLP, in consolidating derivative lawsuits over a sudden stock drop against Bay State-based Acacia Communications Inc.
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March 13, 2018
Scott & Scott Make Bid To Lead Acacia Stock Suit
Pointing to a track record of successful securities litigation and an extensive presuit investigation, New York-based Scott & Scott LLP asked a Massachusetts federal court Tuesday to take the lead in consolidating derivative lawsuits over a sudden stock drop for Bay State-based Acacia Communications Inc.
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February 12, 2018
Acacia Communications Says Stock Drop Was A Surprise
Acacia Communications Inc. on Friday asked a Massachusetts federal judge to toss a proposed shareholder class action over poor second-quarter results in 2017, arguing its optimistic outlook was soured by an unexpected drop in market demand and that a contractor's manufacture of defective products had nothing to do with the company's stock tumble.