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Quiksilver, Inc.

Case Summary

Quiksilver, Inc. Securities Litigation

Case Summary

Case Status:    SETTLED
On or around 09/01/2017 (Date of order of distribution of settlement)

Filing Date: April 02, 2015

According to the law firm press release, the lawsuit alleges that Quiksilver made false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate internal controls over financial reporting; and (2) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times. When the true details entered the market, the suit claims that investors suffered damages.

A consolidated complaint was filed on August 25, 2015.

On June 7, 2016, the parties filed a Notice voluntarily dismissing issuer Defendant from this action.

On November 16, 2016, the Plaintiffs and the Individual Defendants entered into a Settlement Agreement. This Settlement was preliminarily approved on January 3, 2017. On May 3, 2017, the Court granted final approval of the Settlement and dismissed this case with prejudice.

Company & Securities Information

Defendant: Quiksilver, Inc.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Apparel/Accessories
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ZQK
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

Leiland Stevens, et al. v. Quiksilver, Inc., et al.

COURT: C.D. California
DOCKET #: 15-CV-00516
JUDGE: Hon. James V. Selna
DATE FILED: 04/02/2015
CLASS PERIOD START: 06/06/2014
CLASS PERIOD END: 03/26/2015
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 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 04/02/2015
2 Proceedings: (IN CHAMBERS) Order Granting Motion to Consolidate Order re Motions for Appointment of Lead Plaintiff and Lead Counsel 06/26/2015

Reference Complaint

Leiland Stevens, et al. v. Quiksilver, Inc., et al.

COURT: C.D. California
DOCKET #: 15-CV-00516
JUDGE: Hon. James V. Selna
DATE FILED: 08/25/2015
CLASS PERIOD START: 06/06/2014
CLASS PERIOD END: 03/26/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (DC)
    1101 30th Street, NW; Suite 115, Levi & Korsinsky LLP (DC), DC 20007
    ·
  2. Westerman Law Corp.
    1925 Century Park East, Suite 2100, Westerman Law Corp., CA 90067
    (310) 698-7450 (310) 201-9160 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Class Action Consolidated Complaint for Violation of the Federal Securities Laws 08/25/2015
2 Notice of Voluntary Dismissal 06/07/2016
3 Stipulation of Settlement 11/16/2016
4 Final Judgment and Order of Dismissal with Prejudice 05/03/2017
5 U.S. District Court Civil Docket 09/01/2017
6 Order Approving Distribution Plan 09/01/2017
 
 

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