Case Page

 

Case Status:    SETTLED
On or around 11/22/2017 (Date of order of final judgment)

Filing Date: March 17, 2015

According to the law firm press release, the lawsuit alleges Resonant issued materially false and misleading statements to investors and/or failed to disclose that: (1) there were errors in Resonant’s financial statements for the three and six months ended June 30, 2014 and 2013; (2) Resonant’s disclosure controls and procedures were not effective as of June 30, 2014; and (3) Resonant would be unable to meet Milestone 4 pursuant to its development agreement in the first quarter of 2015. When the truth was revealed to investors, the price of Resonant shares fell, damaging investors.

On February 8, 2016, the Court issued an Order granting Defendants' motions to dismiss. Plaintiffs were given leave to file an amended complaint, which they did on February 23.

The parties filed a Stipulation of Settlement on June 14, 2017. The Court issued an Order preliminarily approving the Settlement on July 13. The Court issued Final Judgment and Order of Dismissal with Prejudice on November 22.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RESN
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: C.D. California
DOCKET #: 15-CV-01970
JUDGE: Hon. S. James Otero
DATE FILED: 03/17/2015
CLASS PERIOD START: 08/14/2014
CLASS PERIOD END: 02/26/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 15-CV-01970
JUDGE: Hon. S. James Otero
DATE FILED: 02/23/2016
CLASS PERIOD START: 11/06/2014
CLASS PERIOD END: 04/02/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Kirby McInerney LLP (New York)
    825 Third Avenue, Kirby McInerney LLP (New York), NY 10022
    212.371.6600 212.371.6600 ·
  3. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
  4. Westerman Law Corp.
    1925 Century Park East, Suite 2100, Westerman Law Corp., CA 90067
    (310) 698-7450 (310) 201-9160 ·
No Document Title Filing Date