
Amicus Therapeutics, Inc. (FOLD)
Whether directors and officers of Amicus Therapeutics, Inc. (FOLD) breached their fiduciary duties to the company and its shareholders.
Investigation
01/28/2021
Initial Lawsuit
02/16/2021
Dismissal
04/14/2021
Investigation of statements made by Keith Patrick Gill a/k/a “Roaring Kitty” a/k/a “DeepF***ingValue” in connection with purchases and sales of shares and options of GameStop Corp (traded “GME”).
This post is open for investors to gather facts, and findings and track their exposure to related lawsuits. We invite investors and shareholders to contribute to this investigation for their own benefit, add events to the factual timeline below and vote on events’ pertinence.
A lawsuit was subsequently filed. We will update this post as it unfolds.
07/27/2020
Roaring Kitty publishes his first video about GameStop, entitled “100%+ short interest in GameStop stock (GME) – fundamental & technical deep value analysis.“
See more on Factual TimelinePlaintiff brings this securities class action on behalf of all those individuals and entities who during the period of January 22, 2021 through February 2, 2021, (i) either (a) purchased GameStop shares, (b) purchased back an option on GameStop shares, (c) had an option for GameStop shares called away from them, (d) purchased GameStop shares to cover a short position, or (e) had their options expire, and (ii) suffered losses as a result of any transactions identified by clauses (a)-(e).
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors that:
(i) Gill’s deceitful and manipulative conduct not only violated numerous industry regulations and rules, but also various securities laws by undermining the integrity of the market for GameStop shares;
(ii) Gill caused enormous losses not only to those who bought option contracts, but also to those who fell for Gill’s act and bought GameStop stock during the market frenzy at greatly inflated prices;
(iii) at the time Gill was engaging in this wrongful conduct, MML Investors Services, LLC and Massachusetts Mutual Life Insurance Company had legal and regulatory obligations to supervise Gill to prevent this very conduct.;
(iv) both failed to do so even though Gill’s conduct was continuing and highly public.
On 04/14/2021, plaintiff voluntarily dismissed the complaint.
WHEREAS no notice need be sent to absent putative class members, because a class has not been certified, the case is in its infancy, and no absent putative class member will be bound by the voluntary dismissal of Plaintiff’s claims.
THEREFORE, Plaintiff hereby dismisses the action without prejudice as to Plaintiff’s individual claims
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Stipulation/Order of Dismissal
Whether directors and officers of Amicus Therapeutics, Inc. (FOLD) breached their fiduciary duties to the company and its shareholders.
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