Arizona – All Cases
Westmoreland Cty. Employee Retirement Fund v. Inventure Foods Inc., et al.
Jurisdiction: Superior Court of Arizona
Case Status: Pending
C&T filed a shareholder class action lawsuit against Inventure Foods, Inc. (Ticker: SNAK) and certain of its officers arising out of the company’s secondary stock offering held in September 2014. The Complaint alleges that the Defendants, including the company’s underwriters, violated the Securities Act of 1933 by issuing a false and misleading Registration Statement and Prospectus in connection with the stock offering.
Jurisdiction: D. Ariz.
Case Status: Resolved
D&O insurance actions which arose out of the bankruptcy of International Fibercom resulted in a securities fraud judgment granting nearly full recovery to clients.