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Case Status:    SETTLED
On or around 02/05/2014 (Ongoing date of last review)

Filing Date: March 30, 2012

The complaint filed on March 30, 2012 alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company was improperly accounting for business acquisitions; (2) that the Company was improperly calculating its allowance for doubtful accounts receivable; (3) that, as a result, the Company's income was overstated; (3) that, as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"); (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

On August 14, 2012, this case was transferred to the Western District of North Carolina.

On October 19, 2012, the Court issued an Order appointing lead plaintiffs and approving the selection of lead counsel.

On April 24, 2013, the plaintiffs filed an amended and consolidated complaint.

On February 5, 2014, the parties entered into a Stipulation of Settlement.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Furniture & Fixtures
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SWSH
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. North Carolina
DOCKET #: 12-CV-02406
JUDGE: Hon.Denise L. Cote
DATE FILED: 03/30/2012
CLASS PERIOD START: 05/16/2011
CLASS PERIOD END: 03/28/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  2. Law Offices of Howard G. Smith
    3070 Bristol Pike, Suite 112, Law Offices of Howard G. Smith, PA 19020
    215.638.4847 215.638.4867 ·
  3. Murray Frank LLP
    275 Madison Avenue, Suite 801, Murray Frank LLP, NY 10016
    212.682.1818 212.682.1818 ·
No Document Title Filing Date
COURT: W.D. North Carolina
DOCKET #: 12-MD-02384
JUDGE: Hon.Denise L. Cote
DATE FILED: 04/24/2013
CLASS PERIOD START: 03/31/2011
CLASS PERIOD END: 03/28/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP
    155 Federal Street, Suite 1303, Block & Leviton LLP, MA 02110
    (617) 398-5600 (617) 507-6020 ·
  2. Jackson & McGee, LLP
    225 E. Worthington Avenue, Suite 200 , Jackson & McGee, LLP, NC 28203
    (704) 377-6680 (704) 377-6690 ·
No Document Title Filing Date