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Morganti & Co. is successful in getting claims arising from a private placement certified

January 29, 2018.  The Firm was approached investors in a private placement offered by a small Toronto-based company. They allege that they were mislead as to management’s intention to co-invest and how the funds were going to be used.  Among the claims that were certified, the investors are seeking the […]

Morganti & Co., P.C. enters Bay Street Market for Associates’ Salaries

January 2, 2018.  Morganti & Co., P.C. has announced that it has increased first year associate base-salaries to $100,000, and has adopted a five-year track to become a principal at the Firm.   Eli Karp, the Firm’s newly elected principal and director, adds that the new compensation structure reflects a continued […]

Morganti & Co., P.C. secures ruling that protects Canadian investors that purchase securities on foreign stock exchanges

December 20, 2017.  In Paniccia v. MDC Partners, Inc., et al, 2017 ONSC 7298, the Ontario Superior Court dismissed the defendants’ attempt to restrict the investor class to investors that purchased the shares domestically on the Toronto Stock Exchange.  Justice Perell agreed with the investors, and in doing so found […]

Investors in Mining Stocks Strike Another Victory in Court

December 20, 2018. Morganti & Co., P.C. announces that the Ontario Divisional Court has denied the defendants’ motion to appeal Justice Belobaba’s decision granting the investors leave to proceed to advance to trial asserting their provincial Securities Act claim found at Wong v. Pretium Resources Inc., et al., 2017 ONSC […]

Ontario Court certifies claim against Hycroft Mining Corporation

January 8, 2018.  The Ontario Superior Court of Justice released an order certifying a claim against Hycroft Mining Corporation (“Hycroft”) on behalf of all investors that purchased Hycroft’s pursuant to the May 9, 2013 secondary public offering. Lawyers Eli Karp and Hadi Davarinia are advancing the proceeding into discovery towards […]

Berger Montague Names Sherrie R. Savett the Firm’s First Chairwoman, Promotes Two Attorneys to Shareholder

Berger Montague has selected Sherrie R. Savett to serve as Chairwoman of the firm in 2018. Ms. Savett is the first woman to hold the chair position in Berger Montague’s 48-year history. The firm also promoted two attorneys, Ellen T. Noteware and Caitlin G. Coslett, to shareholder status.

$125 Million Settlement Reached in Drywall Price-Fixing Lawsuit

Berger Montague is pleased to announce that on December 29, 2017, affiliates of American Gypsum Co., National Gypsum Co., and PABCO Building Products LLC agreed to pay a class of drywall direct purchasers $125 million to settle price-fixing allegations. This latest settlement brings the total amount of settlements for the class to $190.7 million.

Morganti Legal, P.C. Announces Shareholder Investigation of DHX Media Ltd.

TORONTO–(BUSINESS WIRE)–Morganti Legal announces that it has been contacted by investors to investigate DHX Media Ltd. (TSX: “DHX.A” and “DHX.B”, NASDAQ: “DHXM”, and FRA: “D6X”) and whether it released misrepresentations about its businesses, financial structure, and operations in order to artificially inflate its perceived investment quality and corresponding share price. […]

Whistleblowing in Nursing

Nurses have long been a crucial part of the healthcare system, and they can be just as crucial when it comes to reporting fraud within that system. As insiders and observers of many healthcare procedures and billing practices, nurses have much-needed visibility into wrongdoing being committed by hospitals, physician-practice groups, […]

Florida False Claims Act

In 1994, the Florida Legislature adopted the Florida False Claims Act (“Florida FCA”),[1] which, generally speaking, “authorizes a private person or the State to initiate a civil action against a person or company who knowingly presents a false claim to the State for payment.”[2] Like the federal False Claims Act, […]

Notice of Certification and Notice of Hearing for Settlement Approval of the Barkerville Gold Mines Ltd. Securities Class Action

TORONTO–(BUSINESS WIRE)–A settlement has been reached in the putative class action against “Barkerville Gold Mines Ltd.”, TSXV: “BGM” pursuant to which the action will be dismissed if the settlement is approved by the Court. The putative class consists of all persons, other than Excluded Persons, who acquired “Barkerville Gold Mines […]

What is Medi-Cal Fraud?

Medi-Cal is the name of the State of California’s Medicaid program, as well as certain state healthcare programs. Medi-Cal is administered by the California Department of Health Services and accounts for more than $40 billion in annual expenditures – nearly one-quarter of the state’s entire budget. Medi-Cal provides health coverage […]