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Tue 26th May 2026 | Posted by Melissa Wright, on Publications

On September 19, 2025, the Securities and Exchange Commission (“SEC” or “Commission”) adopted a policy that potentially marks one of the most consequential shifts in U.S. securities regulation in decades, and at the very least will impose tremendous uncertainties and costs on investors and companies.  In a unilateral announcement that bypassed the required rulemaking process, the SEC said that it would break from long-standing precedent to facilitate the inclusion mandatory arbitration provisions in corporate charters and bylaws.[1]  Mandatory arbitration forces shareholders who have been victims of fraud to individually sue companies in a private, confidential forum, instead of a court, […]

Tue 17th Mar 2026 | Posted by Melissa Wright, on News

On March 4, 2026, the Honorable Kai N. Scott of the U.S. District Court for the Eastern District of Pennsylvania certified a class of investors in a securities fraud case against Verrica Pharmaceuticals, Inc. and its former top executives. In granting the plaintiffs’ motion and appointing Glancy Prongay Wolke & Rotter to serve as class counsel, the Court commended the attorneys’ skill and experience, stating: “It is a lamentable rarity for the Court to decide a motion where the quality of briefing and the quality of oral argument are both top notch. It is, however, the Court’s good fortune to […]

Wed 4th Feb 2026 | Posted by Melissa Wright, on News

Glancy Prongay Wolke & Rotter LLP (GPWR) is proud to announce that the Firm, as sole lead counsel for Alibaba investors, attained the highest securities class action settlement of 2025, according to NERA’s Recent Trends in Securities Class Action Litigation: 2025 Full-Year Review.  Spearheaded by partners Kara Wolke and Melissa Wright, GPWR leveraged its deep experience and tenacious advocacy into a $433.5 million settlement for the benefit of Alibaba’s investors.   To put that in perspective, NERA reported that all 79 securities class action settlements reached nationwide in 2025 totaled $2.9 billion — meaning this one case accounted for roughly 15% […]

Fri 19th Sep 2025 | Posted by Melissa Wright, on News

On August 5, 2025, Co-Lead Counsel Glancy Prongay & Murray secured final approval of a $120 million settlement for ViacomCBS Inc. investors. The settlement resolves investors’ claims that certain underwriters of the March 2021 public offering of Viacom Class B and Viacom convertible preferred stock violated the Securities Act of 1933 by issuing false and misleading statements and failing to disclose that the underwriters had substantial holdings of Viacom common stock as collateral for a highly leveraged, highly concentrated portfolio owned by Archegos Capital Management LP and that the underwriters could (and did) sell those holdings when Archegos collapsed. The […]

Mon 8th Sep 2025 | Posted by Melissa Wright, on News

On August 28, 2025, Glancy Prongay & Murray LLP, as co-Class Counsel, secured final approval of a $20 million settlement on behalf of Live Nation Entertainment Inc. investors. The settlement resolves investors’ claims that Live Nation (NASDAQ: LIVE) violated the Securities Exchange Act of 1934 by allegedly misrepresenting its cooperation with regulators and its anti-competitive practices during the period February 23, 2022 and November 20, 2023. The case is in the United States District Court for the Central District of California, before Judge Kenly Kiya Kato, Case No. 23-cv-06343-KK-AS.

Thu 3rd Apr 2025 | Posted by Melissa Wright, 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 

Mon 6th Jan 2025 | Posted by Melissa Wright, 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 Melissa Wright, 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