Thu 12th Jun 2025 | Posted by Michaela Ligman, on News

Notice of Proposed Settlement and of Settlement Hearing

Mon 9th Jun 2025 | Posted by Michaela Ligman, on News

LOS ANGELES, June 9, 2025 – Glancy Prongay & Murray LLP (“GPM”) is pleased to announce that on June 5, 2025, the United States District Court for the Southern District of California denied in full Defendants’ motion to dismiss the Second Amended Consolidated Class Action Complaint in In re DermTech, Inc. Securities Litigation, Case No. 23-cv-1885-DMS-JLB. The case arises from allegations that former DermTech executives John Dobak and Kevin Sun made material misrepresentations or omissions concerning key aspects of the Company’s business. Specifically, Plaintiffs allege that Defendants misrepresented: (1) the extent to which Medicare covered the Company’s flagship product; (2) […]

Tue 13th May 2025 | Posted by Michaela Ligman, on News

On April 3, 2025, Glancy Prongay & Murray LLP, as co-Class Counsel, secured preliminary approval of a $120 million settlement on behalf of Viacom investors. GPM serves as Class Counsel with Bernstein Litowitz Berger & Grossmann LLP on behalf of a class of Viacom investors. See: https://www.prnewswire.com/news-releases/bernstein-litowitz-berger–grossmann-llp-and-glancy-prongay–murray-llp-announce-notice-of-pendency-and-proposed-settlement-involving-persons-and-entities-who-purchased-or-otherwise-acquired-common-stock-or-preferred-stock-of-vi-302425828.html

Thu 3rd Apr 2025 | Posted by Michaela Ligman, on News

Glancy Prongay & Murray announces that partner Charles Linehan of GPM was recently appointed lead counsel in Hayes v. Enphase Energy, Inc., a securities class action on behalf of Enphase (NASDAQ: ENPH) investors. The case is pending in the United States District Court for the Northern District of California, before Judge James Donato, Case No. 24-cv-04249-JD. See: https://www.businesswire.com/news/home/20250402932946/en/Glancy-Prongay-Murray-LLP-Appointed-Lead-Counsel-in-Class-Action-Lawsuit-Against-Enphase-Energy-Inc.-ENPH 

Fri 28th Mar 2025 | Posted by Michaela Ligman, on News

The Settlement Is one of the Top 50 Securities Class Action Recoveries in U.S. History Glancy Prongay & Murray has secured final approval of an historic $433.5 million settlement in the Alibaba Group Holding Limited securities class action. The settlement resolves investors’ claims that Alibaba (NYSE: BABA) violated the Securities Exchange Act of 1934 by allegedly misrepresenting its regulatory compliance and its use of monopolistic business practices during the period November 13, 2019 through December 23, 2020. The settlement is the largest securities class action settlement ever attained against a Chinese issuer and ranks among the fifty largest U.S. securities class action settlements of all time, […]

Mon 13th Jan 2025 | Posted by Michaela Ligman, on News

GPM’s own Kara Wolke will be featured on a panel discussion on recent trends in securities class action filings, motion practice, and settlements hosted by NERA Economic Consulting. Please join this complimentary CLE webinar for panelists’ thoughts and insights. WEBINAR:  Recent Trends in Securities Class Action Litigation Wednesday, 29 January 2025 1:00–2:00 pm EST On 29 January at 1:00 pm EST, hear from NERA experts and renowned class action plaintiff and defense lawyers in the NERA webinar “Recent Trends in Securities Class Action Litigation.” NERA Senior Managing Director David Tabak will moderate a panel featuring Director Edward Flores, Glancy Prongay […]

Mon 6th Jan 2025 | Posted by Michaela Ligman, on News

All Persons and/or entities that purchased or otherwise acquired Alibaba ADS between November 13, 2019 and December 23, 2020, inclusive, are encouraged to visit the claim administrator’s website to learn more about the settlement and submit a claim form online.   Claim forms must be submitted online or postmarked no later than March 26, 2025. https://alibabaclassactionsettlement.com/

Tue 12th Nov 2024 | Posted by Michaela Ligman, on News

On October 28, 2024, Glancy Prongay & Murray LLP, led by firm attorneys Kara Wolke and Melissa Wright, secured preliminary approval of a $433.5 million settlement on behalf of Alibaba investors. GPM filed the initial complaint in this case back in 2020 and serves as Lead Counsel. The settlement would be the largest securities class action settlement against a Chinese issuer, the twenty-first largest securities class action settlement in the Southern District of New York, and one of the fifty largest securities class action settlements in the U.S., since the PSLRA was enacted nearly thirty years ago. See: https://news.bloomberglaw.com/litigation/alibaba-to-pay-433-million-to-settle-antitrust-investor-suit