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Case Status:    ONGOING    
On or around 11/19/2020 (Date of last review)

Filing Date: June 15, 2016

The Complaint alleges defendants have engaged in common law fraud and fraud in connection with the purchase or sale of securities, in violation of Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”), various subparts of Rule 10b-5 thereunder, and sections 36b-29(a)(2) and 36b-4 of the Connecticut Uniform Securities Act (“CUSA”). Defendants have also engaged in the offer and sale of unregistered securities, in violation of section 36b-29(a)(1) of CUSA.

On October 12, 2016, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on November 4, 2016. Defendants filed a Motion to Dismiss the amended Complaint on December 6, 2016. On October 11, 2017, the Court issued an Order denying Defendants' Motion to Dismiss.

Plaintiffs filed a Motion to Certify a class on September 12, 2018. On June 21, 2019, the Court issued an Order granting Plaintiffs' Motion to Certify a Class. The Class Period was shortened from the proposed 17 months to the five months between August 1, 2014 and January 19, 2015.

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