Articles from Grant & Eisenhofer

The family of a severely disabled, quadriplegic Greek woman is pleading with the government of Cyprus to release nearly €5 million awarded to the family in March by the International Centre for Settlement of Investment Disputes (ICSID), a ruling that the Cypriot government has thus far refused to honor.

Leading plaintiffs’ law firm Grant & Eisenhofer won a jury verdict of over $14 million against The University of Chicago Medical Center, in a wrongful death lawsuit filed on behalf of the estate of a boy who was born at UCMC with catastrophic brain damage.

Institutional investor and defined benefit pension fund North Collier Fire Control and Rescue District Firefighters’ Pension Plan filed a class action lawsuit today against Mercury Systems, Inc. (“Mercury” or the “Company”), Mark Aslett, and Michael Ruppert, alleging they defrauded investors by issuing false and misleading statements concerning the state of Mercury’s business and financial results.

Two institutional investors, Pembroke Pines Firefighters & Police Officers Pension Fund and the City of Hollywood, FL Police Officers’ Retirement System, have filed a class action lawsuit today against Adobe Inc. (“Adobe” or the “Company”), Shantanu Narayen, John Murphy, Daniel Durn, David Wadhwani and Jonathan Vaas, alleging they defrauded investors by issuing false and misleading statements concerning competition the Company faced with regard to certain of its key products.

An institutional investor, the International Union of Operating Engineers Local 132 Pension Fund, has filed a class action lawsuit today against SVB Financial Group (“SVB” or the “Company”), Gregory W. Becker (former CEO) and Daniel J. Beck (former CFO), alleging they defrauded investors by issuing false and misleading statements concerning the Company’s banking deposits and its investments in long-term securities.

Pension fund Allegheny County Employees’ Retirement System has filed a class action lawsuit today against software developer Palantir Technologies Inc. (“Palantir” or the “Company”) and certain of its senior executives.

An institutional investor, the Police & Fire Retirement System City of Detroit, has filed a class action lawsuit today against international underwriter Argo Group International Holdings, Ltd. (“Argo” or the “Company”)(NYSE: ARGO), alleging it defrauded investors by issuing false and misleading statements concerning the Company’s ability to set appropriate reserves, changing of its underwriting policies, and writing of policies outside of its “core” business.

An institutional investor, Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund, has filed a class action lawsuit today against digital payment firm PayPal Holdings, Inc. (“PayPal” or the “Company”) (NASDAQ: PYPL), alleging it defrauded investors by issuing false and misleading statements concerning the source and sustainability of its net new active accounts (“NNAs”), a key metric investors evaluated in deciding whether to invest in PayPal.

Leading plaintiffs’ law firm Grant & Eisenhofer and noted civil rights attorney Joshua Dubin filed a class action complaint today in federal court in Florida, alleging that the state deliberately and systematically maintains a racially segregated higher-education structure that favors traditionally white schools over Historically Black Colleges & Universities, known as HBCUs.