Case Page

 

Case Status:    ONGOING    
On or around 10/31/2017 (Court's order of dismissal)

Filing Date: November 21, 2016

According to the law firm press release, the complaint charges StoneMor and certain of its current and former officers and directors with violations of the Securities Exchange Act of 1934. Specifically, according to the Complaint, StoneMor made false and misleading statements and/or failed to disclose during the Class Period: (1) that the Company's reported non-GAAP financial metrics were materially misleading and concealed the truth about the Company's actual financial condition; and (2) that the primary purpose of the Company's regular debt and equity offerings were to pay distributions to unitholders rather than to pay down indebtedness under the Company's revolving credit facility as publicly stated. As a result, StoneMor's statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times.

On February 21, 2017, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended complaint on April 24.

On October 31, 2017, the Court granted Defendants' Motion to Dismiss with leave to amend.

COMPANY INFORMATION:

Sector: Services
Industry: Personal Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: STON
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.
COURT: E.D. Pennsylvania
DOCKET #: 16-CV-06111
JUDGE: Hon. EDUARDO C. ROBRENO
DATE FILED: 11/21/2016
CLASS PERIOD START: 01/19/2012
CLASS PERIOD END: 10/27/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Ryan & Maniskas, LLP
    995 Old Eagle School Rd., Ste. 311, Ryan & Maniskas, LLP, PA 19087
    (484) 588-5516 (484) 450-2582 ·
  2. The Weiser Law Firm, P.C.
    121 N. Wayne, Ave, Suite 100, The Weiser Law Firm, P.C.
    610.667.7706 · rw@weiserlawfirm.com
No Document Title Filing Date
COURT: E.D. Pennsylvania
DOCKET #: 16-CV-06111
JUDGE: Hon. EDUARDO C. ROBRENO
DATE FILED: 04/24/2017
CLASS PERIOD START: 03/15/2012
CLASS PERIOD END: 10/27/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kessler Topaz Meltzer & Check LLP (Pennsylvania)
    280 King of Prussia Road, Kessler Topaz Meltzer & Check LLP (Pennsylvania), PA 19087
    610.667.7706 610.667.7706 · info@ktmc.com
  2. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date