On September 16, 2022, the Superior Court of California, County of San Francisco, issued an order overruling Defendants’ demurrer (i.e., upholding the claims) in the class action commenced by HGT Law seeking rescission on behalf of all investors who invested in the offering of FEI/TRIBE digital tokens between 12:01 PM on March 31, 2021 and 12:01 PM on April 3, 2021, Pacific Standard Time (the “Offering”).
Read MoreOn June 16, 2021, HGT Law secured victory in an appeal before the U.S. Court of Appeals for the Third Circuit in Aly, et al. v. Valeant Pharmaceuticals Int’l Inc., et al., No. 19-3326, one of the shareholder class action “opt-out” lawsuits currently litigated by HGT Law. The appeal turned on the application of the rule in American Pipe & Construction Company v. Utah, 414 U.S. 538 (1974), which tolls the statute of limitations for the claims of individual class members when a class action complaint is filed.
Read MoreHGT Law obtains settlement in a novel Tezos cryptocurrency securities case. Under the settlement, the Tezos Foundation will pay $25 million to settle the claims of class members. The Tezos litigation is one of the first lawsuits to allege claims under the Securities Act of 1933 in connection with a cryptocurrency “Initial Coin Offering,” and is one of the first lawsuits to successfully obtain a recovery for investors.
Read MoreHGT Law settles a derivative lawsuit against the directors and officers of McKesson Corporation for abdicating their fiduciary duty of oversight with respect to the Company’s sale of opioid drugs and controlled substances. Under the settlement, Defendants will pay $175 million to the Company and McKesson will also implement corporate governance reforms.
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