
Amicus Therapeutics, Inc. (FOLD)
Whether directors and officers of Amicus Therapeutics, Inc. (FOLD) breached their fiduciary duties to the company and its shareholders.
Investigation
11/19/2021
Initial Lawsuit
11/19/2021
Lawsuit Progression
05/02/2022
Investigation regarding statements made by StoneCo about issues implementing its credit products and significant risks following its point-of-sale vendor PAX Global Technology Ltd. Florida offices’ raid by the U.S. FBI and Department of Homeland Security.
10/26/2021
Krebsonsecurity reports that it “heard from a trusted source that the FBI began investigating PAX after a major U.S. payment processor started asking questions about unusual network packets originating from the company’s payment terminals.”
“According to that source, the payment processor found that the PAX terminals were being used both as a malware “dropper” — a repository for malicious files — and as “command-and-control” locations for staging attacks and collecting information.”
Stock Impact
Close | Previous close | Price variation | Percentage variation |
---|---|---|---|
$36.45 | $37.75 | $-1.3 | -3.44% |
This is a class action on behalf of persons and entities that purchased or otherwise acquired StoneCo securities between March 11, 2021 and November 16, 2021, inclusive.
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:
(1) that StoneCo was experiencing difficulties in implementing its credit product;
(2) that StoneCo faced significant risks via its point-of-sale vendor, PAX Global Technology Ltd.;
(3) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
05/02/2022
The court issued an order appointing the lead plaintiff and lead counsel.
Whether directors and officers of Amicus Therapeutics, Inc. (FOLD) breached their fiduciary duties to the company and its shareholders.
Whether directors and officers of Inari Medical, Inc. (NARI) breached their fiduciary duties to the company and its shareholders.
Whether directors and officers of LegalZoom.com, Inc. (LZ) breached their fiduciary duties to the company and its shareholders.
Whether directors and officers of Builders FirstSource, Inc. (BLDR) breached their fiduciary duties to the company and its shareholders.
Whether directors and officers of Kewaunee Scientific Corporation (KEQU) breached their fiduciary duties to the company and its shareholders.
Whether directors and officers of Payoneer Global Inc. (PAYO) breached their fiduciary duties to the company and its shareholders.