A law office recently noted that it filed a class action lawsuit against an analytics firm due to potential violations of federal securities laws.
Kahn Swick and Foti, LLC, explained that the lawsuit was filed in the U.S. District Court for the Eastern District of Virginia against NeuStar, Inc. This includes all shareholders who purchased securities from the company during the class period between April 19, 2013 and June 6, 2014.
The allegations in the litigation center around the company's leaders making a number of statements that may have been false or misleading regarding contracts made with North American Portability Management, LLC. These deals may have been concealed, therefore committing federal securities laws violations. When the information was made public, the company's stock declined notably.
Applying for the lead plaintiff position in the case is possible, and interested parties need to file all necessary forms with the court by Sept. 15, 2014. Those who do this will need to be approved as adequate class representatives. This is not a mandatory action to take part in the litigation. Shareholders can take no action at this time, and still be absent members of the class who can collect in the event of any return.
Those shareholders who would like to learn more about the case have the ability to speak with the law firm. Both Melinda Nicholson and Lewis Kahn are available to be reached by telephone or email. There are also further details available on the law office's website.
Second lawsuit filed
Another litigation firm noted that it filed a securities class action lawsuit against the leaders of NeuStar for many of the previously mentioned reasons.
Law office Bernstein Litowitz Berger and Grossman noted that the litigation was filed against NeuStar for shareholders belonging to the Oklahoma Firefighters Pension and Retirement System. The allegations surround potential violations of the Securities Exchange Act of 1934 by the company. The class period in this suit is the same as the aforementioned court action. The company's stock dropped by close to $11 per share when the news was released.
Those who own stock in NeuStar also have the ability to speak with the law office to learn more about the case and the lawsuit process. Avi Josefson is the best person to get in touch with, and this can be done by telephone or email.