October 28, 2022
Labaton Sucharow LLP attorneys representing a proposed class of Mindbody Inc. investors will receive about $2.9 million in fees for their work on a proposed class action, which saw them secure a $9.75 million settlement ending claims the wellness industry company misled the public to depress trading prices for its shares ahead of a 2019 take-private acquisition.
March 04, 2022
Wellness industry company Mindbody Inc. has agreed to pay $9.75 million to end investors' claims the company's executives misled them in a bid to depress trading prices in advance of the 2019 acquisition that took the company private.
February 19, 2020
Software company Mindbody is urging a New York federal court to toss a suit accusing it of deliberately pushing down its own stock price prior to its $1.9 billion sale to a private equity firm, saying its executives would have lost millions by undervaluing the business.
November 08, 2019
Labaton Sucharow will lead a proposed class action in federal court in New York that alleges a software company deliberately depressed its value in the months before its $1.9 billion acquisition and subsequent delisting from the Nasdaq, a federal judge said Thursday.