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SpongeTech Delivery Systems Inc (NASDAQ: SPNG) Investor Securities Class Action Lawsuit 10/09/2009

  • If you purchased shares of SpongeTech Delivery Systems Inc (NASDAQ: SPNG), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
SpongeTech Delivery Systems Inc
Security
NASDAQ: SPNG

Case Name
SpongeTech Shareholder Class Action Lawsuit 10/09/2009
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of New York

Class Period Begin
Class Period End
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Summary

December 4, 2017 - The parties filed a stipulation of dismissal of certain defendants without prejudice.
March 24, 2017 - The court granted defendants' motion to dismiss the third claim of the amended complaint with prejudice.

June 1, 2012 - Defendants filed a motion to dismiss.

April 30, 2012 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased SpongeTech Delivery Systems Inc (NASDAQ: SPNG) common shares between April 30, 2007 and October 5, 2009. The lead plaintiffs allege that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between April 30, 2007 and October 5, 2009.

March 29, 2012 - The court granted the defendants' motion to dismiss without prejudice and granted lead plaintiffs leave to file an amended complaint.

October 13, 2010 - Additional cases were consolidated.

September 9, 2010 - An additional investor filed a complaint and the case was transferred to the U.S. District Court for the Eastern District of New York.

September 8, 2010 - The defendants filed a motion to dismiss.

May 12, 2010 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.

December 8, 2009 - Lead plaintiff motions were filed.

October 28, 2009 - Another investor filed a complaint.

October 9, 2009 - An investor in shares of SpongeTech Delivery Systems Inc (NASDAQ: SPNG) filed a lawsuit in the U.S. District Court for the Southern District of New York against SpongeTech Delivery Systems Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 15, 2008 and October 5, 2009.