Case Page

 

Case Status:    SETTLED
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.

COMPANY INFORMATION:

Sector: Utilities
Industry: Water Utilities
Headquarters: United States

SECURITIES INFORMATION:

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.
COURT: C.D. California
DOCKET #: 15-CV-03080
JUDGE: Hon. John A. Kronstadt
DATE FILED: 04/24/2015
CLASS PERIOD START: 03/10/2014
CLASS PERIOD END: 04/21/2015
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-03080
JUDGE: Hon. John A. Kronstadt
DATE FILED: 10/21/2015
CLASS PERIOD START: 03/11/2014
CLASS PERIOD END: 10/09/2015
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. 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