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Verb Technology Company, Inc.

Case Summary

Verb Technology Company, Inc. Securities Litigation

Case Summary

Case Status:    SETTLED
On or around 01/13/2021 (Date of last review)

Filing Date: July 09, 2019

According to the Complaint, Verb purportedly operates as an applications services provider with cloud-based software products for businesses. As part of its business, Verb utilizes interactive videos as part of its customer relationship management application. Verb has formerly operated under the names of nFusz, Inc., bBooth, Inc., bBooth (USA), Inc., and Cutaia Media Group, LLC.

The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements, and as a result, the market price of Verb securities was artificially inflated during the Class Period.

On October 7, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on December 3.

On September 17, 2020, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on October 27.

Company & Securities Information

Defendant: Verb Technology Company, Inc.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: VERB
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

Scott C. Hartmann, et al. v. Verb Technology Company, Inc., et al.

COURT: C.D. California
DOCKET #: 19-CV-05896
JUDGE: Hon. George H. Wu
DATE FILED: 07/09/2019
CLASS PERIOD START: 01/03/2018
CLASS PERIOD END: 05/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Wolf Haldenstein Adler Freeman & Herz LLP (San Diego)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 07/09/2019
2 Civil Minutes - General 10/07/2019
3 U.S. District Court Civil Docket 10/19/2019

Reference Complaint

J. Leister, et al. v. Verb Technology Company, Inc., et al.

COURT: C.D. California
DOCKET #: 19-CV-05896
JUDGE: Hon. George H. Wu
DATE FILED: 12/03/2019
CLASS PERIOD START: 01/03/2018
CLASS PERIOD END: 05/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Amended Complaint for Violations of the Federal Securities Laws 12/03/2019
2 Stipulation of Settlement 09/18/2020
3 Notice of Pendency and Proposed Settlement of Class Action 09/18/2020
4 U.S. District Court Civil Docket 09/22/2020
5 Amended Order Granting Plaintiffs' Motion for Preliminary Approval of Class Action Settlement 10/28/2020
6 U.S. District Court Civil Docket 10/30/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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