After more than four years of litigation, Levine Lee secured a non-incarceratory sentence of supervised release with home detention from the U.S. District Court for the District of New Jersey for our client, Domenic Gatto, Jr. Mr. Gatto was originally charged with Healthcare Fraud and violations of the Anti-Kickback statute. Those charges were dismissed, and … Read more
Levine Lee client Eros Media World, a global media and entertainment powerhouse and leading player in the Indian film industry, announced that the SEC has closed its investigation of Eros Media World into allegations of inflated revenues, improper related party transactions, and false and misleading financial disclosures. Eros Media World is a longstanding client of … Read more
On December 6, 2024, Levine Lee client Greg Tournant received a sentence of probation with home confinement, and no prison time. Mr. Tournant, who formerly managed the Structured Alpha Funds at Allianz Global Investors US, was charged with fraud and causing losses in excess of $7 billion to investors when the Funds collapsed in March … Read more
Levine Lee files an amicus curiae brief on behalf of a group of economists in FuboTV Inc. v. The Walt Disney Company et al., in the U.S. Court of Appeals for the Second Circuit. The amici argue that the preliminary injunction entered by the U.S. District Court for the Southern District of New York—enjoining the … Read more
On May 28, 2024, the U.S. District Court for the Southern District of New York granted final approval of the parties’ proposed settlement in In re iAnthus Capital Holdings, Inc. Securities Litigation, No. 20-cv-3135 (S.D.N.Y.), a putative class action securities litigation against iAnthus Capital Holdings, Inc., a publicly traded Canadian cannabis company operating across the … Read more
On November 28, 2023, the U.S. District Court for the District of New Jersey granted final approval of the parties’ proposed settlement in In re Eros International Plc Securities Litigation, No. 19-cv-14125 (D.N.J.), a putative class action securities litigation led by hedge-fund plaintiffs against Eros Media World Plc, a global entertainment and media company. Plaintiffs’ … Read more
Levine Lee represented the Dogecoin Foundation, Inc., the organization responsible for supporting the Dogecoin crypto-currency, in a putative class action securities litigation brought in the Southern District of New York against the Dogecoin Foundation, Elon Musk, and Tesla, Inc. Lead Plaintiffs originally sought $258 billion in damages related to the alleged manipulation of the Dogecoin … Read more
After more than five years of litigation, Levine Lee LLP secured a complete acquittal for our client Gavin Black, a former Deutsche Bank derivatives trader. As part of the massive investigation into alleged manipulation of LIBOR, the Justice Department’s Fraud Section criminally charged Gavin Black in the Southern District of New York. On January 27, … Read more
On September 23, 2021, the U.S. District for the Eastern District of Michigan granted final approval of the parties’ proposed settlement in Oklahoma Police Pension & Retirement System v. Sterling Bancorp et al., No. 20-cv-10490 (E.D. Mich.), a major putative class action securities litigation lead by a pension-fund shareholder against Sterling Bancorp, Inc. (“Sterling”). Plaintiff’s … Read more
The U.S. District Court for the Southern District of New York granted the motions to dismiss filed by iAnthus Capital Holdings, Inc. (“iAnthus”) in a complex, consolidated action that includes (1) a putative class action securities complaint filed against iAnthus by its shareholders alleging violations of Sections 10(b) and 20(a) of the Exchange Act and … Read more