On or around 08/05/2016 (Court's order of dismissal)
Filing Date: June 13, 2013
According to the law firm press release, the Complaint alleges that Scuderi Group offered and sold unregistered securities that were not exempt from registration, in violation of federal and Massachusetts laws. The Complaint also alleges that Scuderi Group made untrue statements of material fact and/or omitted material facts in the private placement memoranda by which the securities were sold. Various Scuderi family members are being sued for their roles in the offerings, and as control persons of Scuderi Group. The action is brought on behalf of both a nationwide class under federal law and a Massachusetts class under Massachusetts law.
An amended complaint was filed on November 12, 2013.
Pursuant to a stipulation of the parties, the case was dismissed on August 5, 2016.
Company & Securities Information
Defendant: Scuderi Group, Inc.
Industry: Alternative Energy
Headquarters: United States
Company Market: Privately Traded
Market Status: Privately Held
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
Paul Fournier, et al. v. Scuderi Group, Inc., et al.