On or around 02/08/2017 (Date of order of final judgment)
Filing Date: April 24, 2015
According to the law firm press release, the lawsuit alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Bureau of Land Management (“BLM”) had previously determined that Cadiz Valley Water Conservation, Recovery and Storage Project (the “Project”) did not meet a “railroad purpose” as required to use an existing right-of-way on government land and (ii) the BLM’s determination concerning the Project in conjunction with the 2012 Consolidated Appropriations Act rendered the project unviable. When the true details entered the market, the lawsuit claims that investors suffered damages.
Plaintiffs filed an amended complaint on October 21, 2015.
The parties entered into a Stipulation of Settlement on June 16, 2016. This Settlement was preliminarily approved by the Court on September 30. On February 8, 2017, the Court granted final approval of the Settlement and dismissed this case with prejudice.
Company & Securities Information
Defendant: Cadiz, Inc.
Industry: Water Utilities
Headquarters: United States
Ticker Symbol: CDZI
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.
First Identified Complaint
Nickolas Van Windgerden, et al. v. Cadiz, Inc., et al.
Second Amended Class Action Complaint for Violation of the Federal Securities Laws
Stipulation of Settlement
(In Chambers) Order Re Plaintiffs' Motion for Preliminary Class Action Settlement Approval (DKT. 71)
(In Chambers) Order Re Motion for Final Approval of Class Action Settlement; Class Certification and Plan of Allocation [DKT. 84]; Motion for Award of Attorneys' Fees and Reimbursement of Litigation Expenses [Dkt. 86]