Case Page

 

Case Status:    ONGOING    
On or around 06/12/2018 (Ongoing date of last review)

Filing Date: December 15, 2017

According to the law firm press release, the Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Liberty Tax’s former CEO created an inappropriate tone at the top; (2) the inappropriate tone at the top led to ineffective entity level controls over the organization; and (3) as a result, defendants’ statements about Liberty Tax’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On March 8, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel and consolidating cases. The consolidated cases shall be identified as "In re Liberty Tax, Inc. Securities Litigation." On June 12, Lead Plaintiff filed a consolidated amended Complaint.

COMPANY INFORMATION:

Sector: Services
Industry: Personal Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TAX
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: E.D. New York
DOCKET #: 17-CV-07327
JUDGE: Hon. Joan M. Azrack
DATE FILED: 12/15/2017
CLASS PERIOD START: 06/29/2016
CLASS PERIOD END: 12/11/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: E.D. New York
DOCKET #: 17-CV-07327
JUDGE: Hon. Joan M. Azrack
DATE FILED: 06/12/2018
CLASS PERIOD START: 10/01/2013
CLASS PERIOD END: 02/23/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Sellers & Toll PLLC (Philadelphia)
    255 South 17th Street, Suite 1307, Cohen Milstein Sellers & Toll PLLC (Philadelphia), PA 19103
    267.773.4680 267.773.4690 ·
No Document Title Filing Date
—Related District Court Filings Data is not available