AOL, Inc. is an American web portal and online service provider.

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 August 19, 2013, the Court issued an Order granting the motion to dismiss. The Clerk of Court was directed to enter Judgment for the Defendants.