April 19, 2021 - A second consolidated complaint was filed.

March 5, 2021 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

December 17, 2020 - A motion to dismiss the consolidated complaint was filed.

November 19, 2020 - A consolidated complaint was filed.

July 8, 2020 - An investor in shares of J2 Global, Inc. (NASDAQ: JCOM) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by J2 Global, Inc. in connection with certain allegedly false and misleading statements made between October 5, 2015 and June 29, 2020.

Los Angeles, CA based J2 Global, Inc., together with its subsidiaries, provides Internet services worldwide. J2 Global, Inc. reported that its annual Total Revenue rose from over $1.2 billion in 2018 to over $1.37 billion in 2019, and that its Net Income increased from $128.68 million in 2018 to $218.8 million in 2019. On June 30, 2020, Hindenburg Research published a report on J2 Global, Inc. alleging that the Company's opaque acquisition approach has opened the door to egregious insider self-enrichment, which we approximate totals $117 million to $172 million based on publicly available information. The report alleged that Hindenburg Research had uncovered that J2 Global, Inc. acquired a newly formed entity based out of its own VP of Corporate Development's personal residence for an estimated $20 million, that [t]he entity had undefined 'intellectual property' and no employees or apparent assets, and that [n]o conflict was disclosed. The report also alleged that [d]espite J2's proxy describing all but one of its board members as 'independent,' we found decades of intertwined financial interests between board members and executives, calling that independence into question. Shares of J2 Global, Inc. (NASDAQ: JCOM) declined from $104.00 per share in January 2020 to low as $58.81 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of J2 Global, Inc. (NASDAQ: JCOM) common shares between October 5, 2015 and June 29, 2020, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between October 5, 2015 and June 29, 2020, the defendants made false and/or misleading statements and/or failed to disclose that J2 Global engaged in undisclosed related party transactions, that J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions, that several so-called independent members of the Company’ board of directors and audit committee were not disinterested, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times.