A National Securities Arbitration & Investment Fraud Law Firm

Articles Posted in Class Action

Innovative Industrial Properties, Inc. (IIPR) is the subject of an investigation by Silver Law Group regarding possible violations of the federal securities laws.  If you purchased shares of Innovative Industrial Properties, Inc. (IIPR), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com.  Innovative Industrial Properties is an internally managed REIT (Real Estate Investment Trust) focused on acquiring, owning, and managing industrial properties leased to cannabis facility operators.Innovative Industrial Properties, Inc. (IIPR) is the subject of an investigation by Silver Law Group regarding possible violations of the federal securities laws.

If you purchased shares of Innovative Industrial Properties, Inc. (IIPR), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. Continue reading ›

Stronghold Digital Mining, Inc. (SDIG) is the subject of a class action lawsuit and is being investigated by Silver Law Group regarding possible violations of the federal securities laws.  If you purchased shares of Stronghold Digital Mining, Inc. (SDIG), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff is June 13, 2022.  Stronghold Digital Mining is a New York-based Bitcoin mining company that also “operates coal refuse power generation facilities”.  Initial Public Offering (IPO)  Stronghold Digital Mining held its IPO in October, 2021 with the offering of over 7 million shares of common stock at $19 per share. Net proceeds from the offering were $132 million. B. Reiley Securities and Cowen were the book-running managers, with Tudor, Pickering, Holt & Co. as lead manager and D.A. Davidson & Co, Compass Point, and Northland Capital Markets as co-managers for the offering.Stronghold Digital Mining, Inc. (SDIG) is the subject of a class action lawsuit and is being investigated by Silver Law Group regarding possible violations of the federal securities laws.

If you purchased shares of Stronghold Digital Mining, Inc. (SDIG), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff is June 13, 2022. Continue reading ›

Kiromic BioPharma, Inc. (KRBP) is being investigated by Silver Law Group regarding possible violations of the federal securities laws.  If you purchased shares of Kiromic BioPharma, Inc. (KRBP), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com.  Kiromic BioPharma is a “target discovery and gene-editing company” working on the development of immuno cancer therapeutics to treat blood cancers and tumors.  Initial Public Offering (IPO)  Kiromic BioPharma held its IPO in October, 2020 with the offering of 1.25 million shares of stock for $12 per share. ThinkEquity, which is a division of Fordham Financial Management, was the sole book-running manager for the offering with Paulson Investment Company acting as co-manager.Kiromic BioPharma, Inc. (KRBP) is being investigated by Silver Law Group regarding possible violations of the federal securities laws.

If you purchased shares of Kiromic BioPharma, Inc. (KRBP), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. Continue reading ›

Activist investment firm Blue Orca Capital recently published a report on Li-Cycle Holdings Corp. (LICY) (“Li-Cycle” or the “Company”) indicating that its financial standing isn’t as stable as the company’s press releases indicate.  Blue Orca’s report describes the company as one that uses predictions as reported revenues, and that “Li-Cycle recognizes revenues using an Enron-like mark-to-model accounting gimmick.”  The report goes on to say, “In our opinion, Li-Cycle is a fatal combination of SPAC trash, stock promotion, awful corporate governance, faulty accounting, and a broken business model which is not economically viable.”Activist investment firm Blue Orca Capital recently published a report on Li-Cycle Holdings Corp. (LICY) (“Li-Cycle” or the “Company”) indicating that its financial standing isn’t as stable as the company’s press releases indicate.

Blue Orca’s report describes the company as one that uses predictions as reported revenues, and that “Li-Cycle recognizes revenues using an Enron-like mark-to-model accounting gimmick.” Continue reading ›

New York U.S. District Judge Laura T. Swain has ordered Marker Therapeutics to pay $2.5 million to Katalyst Securities, a brokerage that helped place their securities with their own investor-customers as a private placement in 2017. Additionally, Judge Swain also ordered Marker to pay about $120,000 in prejudgment interest.  The company signed a contract with Katalyst for two private placements in 2016 and 2017, establishing a placement agency to offer these placements to the investor-customers in exchange for fees and warrants to buy shares of Marker's stock. A one-year “tail period” and additional compensation was included in the contract for Katalyst if they brought in more investors and completed financing during that period. Marker later hired two other companies in 2018 for the same type of work.  Katalyst accused Marker of securing financing for investors that were introduced to Marker by Katalyst during the tail period. In a motion filed by Maker, the company claimed that Katalyst had already been paid and the tail period had expired. Katalyst also sent Marker a proposed modification to the remaining agreement to continue the tail period and include the 2018 offering. Maker declined, stating that the 2018 offering was outside of Katalyst’s one-year tail period. Therefore, Katalyst wasn’t eligible to receive to any more of the offerings. Katalyst then began the process for arbitration, according to Maker.New York U.S. District Judge Laura T. Swain has ordered Marker Therapeutics to pay $2.5 million to Katalyst Securities, a brokerage that helped place their securities with their own investor-customers as a private placement in 2017. Additionally, Judge Swain also ordered Marker to pay about $120,000 in prejudgment interest. Continue reading ›

Investors Allege Vanguard Improperly Caused Large Tax Bills for Investors In Target Date Retirement Fund On March 14, 2022 investors sued Vanguard for selling off a large amount of assets in target date retirement funds, which caused a huge tax burdens for investors. The lawsuit alleges breach of fiduciary duty and negligence and alleges that Vanguard improperly sold the fund to non-retirement accounts and knowingly damaged investors who were shocked to receive large tax bills.    Target Date Retirement Funds Target date retirement funds are funds that contain a mix of stocks and bonds tied to a future date when the investor anticipates retiring. As the target date approaches, the fund automatically allocates more money to fixed-income like bonds, and less to equities such as stocks.

Investors Allege Vanguard Improperly Caused Large Tax Bills for Investors In Target Date Retirement Funds

On March 14, 2022 investors sued Vanguard for selling off a large amount of assets in target date retirement funds, which caused huge tax burdens for investors. Continue reading ›

Silver Law Group and co-counsel have filed a class action lawsuit against GWG Holdings (GWGH) and several of its principals on behalf of investors who purchased L Bonds from the company. The complaint alleges violations of the federal securities laws.  Silver Law Group may be able to help you recover your GWG L Bonds investment losses. Contact us at 800-975-4345 for a no-cost consultation.  Multiple serious issues with GWG have caused investors in L Bonds to become concerned that they may lose a significant amount of their principal.  Already under investigation by the SEC and behind on financial reporting, in January, 2022 the Dallas, Texas-based financial services company announced in a form 8-K filed with the SEC that it would not pay investors dividends owed for January.  The 8-K also stated that GWG’s board of directors authorized management to hire a restructuring advisor, and its independent public accounting firm did not stand for reappointment. The price of a share of GWG’s stock started 2022 at $9.60 and has since dropped to as low as $2.36.Silver Law Group and co-counsel have filed a class action lawsuit against GWG Holdings (GWGH) and several of its principals on behalf of investors who purchased L Bonds from the company. The complaint alleges violations of the federal securities laws.

Silver Law Group may be able to help you recover your GWG L Bonds investment losses. Contact us at 800-975-4345 for a no-cost consultation. Continue reading ›

SFLG-LogoSilver Law Group has again been named a “Top Law Firm” by the South Florida Legal Guide (SFLG). The SFLG is a leading guide to the best attorneys and law firms in the South Florida region, and Silver Law Group’s recognition in the 2021 edition follows the same recognition in the publication’s 2020 edition. Continue reading ›

On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint was filed against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG’s “L Bonds”. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws.  Among other things, the Complaint states that: GWG’s L Bonds were designed to enrich GWG’s principals “accomplished through Defendants’ false and misleading statements and omissions . . .” “The [L Bonds] now lack value on account of GWGH’s inability to service them.” “As a result of Defendants’ wrongful acts and omissions, and the steep decline in the value of the L Bonds, Plaintiffs and other Class members have suffered significant losses and damages, which they now seek to recover through this action.” With The Class Action On File, Silver Law Group Continues Its Investigation Against Financial Advisors Silver Law Group is continuing to investigate GWG’s sales of “L-Bonds” to investors nationwide. Many investors alleged L Bonds were sold as offering investors higher yields than typical publicly traded bonds and as being backed by bundled portfolios of life insurance policies purchased on the secondary market. Unlike publicly traded securities, L Bonds are illiquid, speculative alternative investments that do not have a public market. L Bonds were sold by a network of broker-dealers across the United States. On January 27, 2022, the Wall Street Journal quoted Scott Silver highlighting that “many of our clients are retail investors who bought the bonds after hearing the products were safe and would offer a comfortable income stream for their retirement but that they were shocked to learn that their money was used to pay old investors while the company was under SEC investigation.”On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG’s “L Bonds”. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws. Among other things, the Complaint states that: Continue reading ›

Last September, the Wall Street Journal first broke the story: The Securities and Exchange Commission (SEC) was investigating Activision Blizzard Inc., relating to allegations of how the company had been handling allegations of sexual harassment and gender discrimination. The SEC was reportedly looking into allegations made against Activision, asking for documents relating to six women’s personnel files and separation agreements, board meeting minutes since 2019, and other documents relating to the allegations.  Even in a male-dominated industry such as computer game design, Activision had been known for a drunken “frat boy culture.” Supervisors were alleged to have made passes at women, even groping them at public events. Day-to-day, women were said to have been harassed. They were also alleged to be paid less than their male counterparts, as the men belittled them and took credit for their work.  Allegedly, if women complained to the Human Resources Department, the company purportedly took no actions against the offending employees, but they did retaliate against the women, laying them off, depriving them of promotions, and other punishment. And while senior leaders were not directly implicated in having participated in the actual malfeasance, there were complaints that they had failed to take action if and when they’d learned of the problems.Last September, the Wall Street Journal first broke the story: The Securities and Exchange Commission (SEC) was investigating Activision Blizzard Inc., relating to allegations of how the company had been handling allegations of sexual harassment and gender discrimination. The SEC was reportedly looking into allegations made against Activision, asking for documents relating to six women’s personnel files and separation agreements, board meeting minutes since 2019, and other documents relating to the allegations. Continue reading ›

Contact Information