On or around 02/04/2014 (Other)
Filing Date: May 03, 2012
According to the law firm press release, on April 9, 2012 when AOL announced the sale of a portion of its patent portfolio for more than $1 billion, the price of AOL common stock subsequently soared from approximately $18 to $26 per share. The lawsuit alleges that AOL bought several million shares of common stock for itself while misleading investors about its financial condition, thereby artificially reducing the price that AOL paid.
On August 10, 2012, the Court issued an Order appointing lead plaintiff and approving the selection of lead counsel.
On September 28, 2012 Plaintiffs filed a consolidated complaint.
On January 18, 2013, the Lead Plaintiff filed an amended complaint.
On February 1, 2013, the Court issued an Order granting the motion to dismiss. The Clerk of Court was directed to enter Judgment for the defendants.
Company & Securities Information
Defendant: AOL, Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: AOL
Company Market: New York SE
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.
First Identified Complaint
Marilyn B. Rosenfarb, et al. v. AOL, Inc., et al.
COURT: S.D. New York
DOCKET #: 12-CV-03497
JUDGE: Hon. Denise L. Cote
DATE FILED: 05/03/2012
CLASS PERIOD START: 08/11/2011
CLASS PERIOD END: 04/09/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rosenfarb Law Firm 825 3rd Ave, 4th Floor , Rosenfarb Law Firm, NY 10022 (855) 415-5455 ·
First Identified Complaint (FIC) Filings:
U.S. District Court Civil Docket
Class Action Complaint for Violation of Federal Securities Law