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Current Cases

AAC Holdings, Inc. Securities Litigation

Kaplan Fox is the court-appointed co-lead counsel in this securities class action against AAC Holdings, Inc. (“AAC Holdings” or the “Company”) and other related defendants.  Arkansas Teacher Retirement System and Dr. James P. Gills are court-appointed co-lead plaintiffs in this action.

Ambac Financial Group Securities Litigation

Kaplan Fox is court appointed co-lead counsel on behalf of Plaintiffs, the Public School Teachers’ Pension and Retirement Fund of Chicago, the Arkansas Teachers Retirement System, and the Public Employees’ Retirement Systems of Mississippi, and Painting Industry Insurance and Annuity Funds, in the case against Ambac Financial Group, Inc. (“Ambac”)...

Arena Pharmaceuticals, Inc. Securities Litigation

Kaplan Fox is court-appointed lead counsel in this securities class action. The action is brought on behalf of purchasers of securities of Arena Pharmaceuticals, Inc. (“Arena” or the “Company”) and alleges that Arena and certain of its executives violated the federal securities laws by making misrepresentations and failing to disclose material information regarding the safety of Arena’s new weight-loss drug, lorcaserin (now known as Belviq). In particular, the action alleges that defendants failed to disclose an adverse nonclinical study in rats that indicated lorcaserin caused cancer in rats...

Bank of America Securities Litigation

Kaplan Fox is court appointed co-lead counsel in the case against Bank of America. The State Teachers Retirement System of Ohio, The Ohio Public Employees Retirement System, The Teacher Retirement System of Texas, Stichting Pensioenfonds Zorg en Welzijn, represented by PGGM Vermogensbeheer B.V., and Fjärde AP-Fonden are Court-appointed Co-Lead Plaintiffs...

Citigroup CSO Hedge Fund Class Action

Kaplan Fox is court-appointed co-lead counsel for the plaintiffs in the class action against Citigroup, Inc. (“Citigroup”) and its wholly-owned subsidiary Citigroup Alternative Investments, LLC (collectively, “Defendants”) arising out of the collapse of Citigroup's "Corporate Special Opportunities" or "CSO" hedge fund...

Eletrobras Securities Litigation

Kaplan Fox is the court-appointed co-lead counsel in this securities class action against Centrais Elétricas Brasileiras SA - Eletrobras (“Eletrobras” or the “Company”) and other related defendants.  City of Providence, Rhode Island, and Dominique Lavoie are court-appointed co-lead plaintiffs in this action.

Fannie Mae Securities Litigation

Kaplan Fox is the court-appointed co-lead counsel in the case against Federal National Mortgage Association (“Fannie Mae” or “Fannie”). The Massachusetts Pension Reserves Investment Management Board, the Boston Retirement Board, and the Tennessee Consolidated Retirement System are the court-appointed co-lead plaintiffs in this securities fraud action arising out of the financial collapse of Fannie Mae.

Gentiva Securities Litigation

Kaplan Fox is the court appointed lead counsel in the securities class action against Gentiva Health Services, Inc. (“Gentiva” or the “Company”) and other related defendants in connection with Gentiva’s recent disclosure that it had materially misstated its financial results...

In re Stillwater Capital Partners Inc. Litigation

TO:    ALL PERSONS AND ENTITIES WHO INVESTED IN FUNDS (THE “STILLWATER FUNDS”) MANAGED BY STILLWATER CAPITAL PARTNERS, INC. OR STILLWATER CAPITAL PARTNERS, LLC (TOGETHER, “STILLWATER”) AND EITHER (1) ACQUIRED THE COMMON STOCK OF GEROVA FINANCIAL GROUP, LTD. (“GEROVA”) PURSUANT TO A SHARE EXCHANGE AGREEMENT DATED DECEMBER 23, 2009 THAT WAS COMPLETED ON JANUARY 20, 2010 (THE “BUSINESS COMBINATION”) OR (2) REQUESTED A FULL OR PARTIAL REDEMPTION OF YOUR INVESTMENT WHICH YOU HAVE NOT RECEIVED AS OF JANUARY 20, 2010.

John Thomas Bridge and Opportunity Funds Litigation

The Second Amended Petition (the “Complaint”) alleges breach of fiduciary duty, aiding and abetting breach of fiduciary duty, waste, professional negligence, civil conspiracy, and breach of contract.   The Complaint alleged that Defendant George Jarkesy, Jr., (“Jarkesy”) individually, as the managing member of the Funds’ general partner Defendant John Thomas Capital Management Group LLC (“JTCM”), and JTCM, the general partner of the Funds, owed fiduciary duties to the limited partners of the Funds.

Nevsun Resources Securities Litigation

Kaplan Fox is the court appointed co-lead counsel in the securities class action against Nevsun Resources, Ltd. (“Nevsun” or the “Company”) and other related defendants in connection with Nevsun’s recent disclosure that it had materially misstated its financial results...

Penson Worldwide Securities Litigation

Kaplan Fox is the court appointed co-lead counsel in the securities class action against Penson Worldwide, Inc. (“Penson” or the “Company”) and other related defendants in connection with Penson’s recent disclosure that it had materially misstated its financial results...

Rocket Fuel, Inc. Securities Litigation

Kaplan Fox is the court-appointed co-lead counsel in this securities class action against Rocket Fuel, Inc. (“Rocket Fuel” or the “Company”) and other related defendants.  Oklahoma Firefighters Pension and Retirement System, Browder Capital, LLC, and Patrick Browder are court-appointed co-lead plaintiffs in this action.

Sandridge Energy, Inc. Shareholder Derivative Litigation

Kaplan Fox is court-appointed lead counsel in this shareholder derivative litigation. The action is brought on behalf of Nominal Defendant SandRidge Energy, Inc. ("SandRidge" or the "Company") and alleges, among other things, that the Board of Directors, including the former Chairman and CEO Tom L. Ward, breached their fiduciary duities and wasted corporate assets.

SunPower Securities Litigation

On May 28, 2010, Lead Plaintiffs filed the Consolidated Complaint for violation of the federal securities laws (“Complaint”). Plaintiffs assert claims against SunPower and certain individuals, including its Chief Executive Officer (Thomas H. Werner) and its Chief Financial Officer (Dennis V. Arriola)...

Violin Memory, Inc. Securities Litigation

Kaplan Fox is the court appointed co-lead counsel in the securities class action against Violin Memory, Inc. (“Violin Memory” or the “Company”) and other related defendants in connection with Company's initial public offering on September 27, 2013 of 18 million shares of common stock at $9 per share ("IPO")...

Wal-Mart Derivative Litigation

Kaplan Fox currently represents the New York City Pension Funds (the “NYC Funds”) in a derivative action pending in the Court of Chancery of the State of Delaware against the directors of Wal-Mart involving alleged bribery and fraud at the company’s Mexican subsidiary, Wal-Mex...