video-02.png Scott Silver is the co-chairman of the Securities and Investment Fraud Group of the American Trial Lawyer's Association.
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Ruhnn Holding Limited (RUHN), a publicly-traded fashion and lifestyle company headquartered in China, is the subject of a class action lawsuit.  The complaint for the lawsuit alleges that Ruhnn made statements that were false and/or misleading and/or didn’t disclose important information to shareholders.  The class period includes all persons who purchased shares of Ruhnn pursuant to its April 3, 2019 initial public offering (IPO). The deadline to apply to be lead plaintiff, or class representative, is December 6, 2019.Ruhnn Holding Limited (RUHN), a publicly-traded fashion and lifestyle company headquartered in China, is the subject of a class action lawsuit.

The complaint for the lawsuit alleges that Ruhnn made statements that were false and/or misleading and/or didn’t disclose important information to shareholders.

The class period includes all persons who purchased shares of Ruhnn pursuant to its April 3, 2019 initial public offering (IPO). The deadline to apply to be lead plaintiff, or class representative, is December 6, 2019. Continue reading

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Greenlane Holdings, Inc. (GNLN), a publicly-traded cannabis vaporizer hardware and accessories company based in Boca Raton, Florida, is the subject of a class action lawsuit regarding the initial public offering of the company’s shares. The purpose of the lawsuit is to recover money for investors who purchased shares of Greenlane.Greenlane Holdings, Inc. (GNLN), a publicly-traded cannabis vaporizer hardware and accessories company based in Boca Raton, Florida, is the subject of a class action lawsuit regarding the initial public offering of the company’s shares. The purpose of the lawsuit is to recover money for investors who purchased shares of Greenlane.

If you’ve suffered damages by investing in Greenlane and are interested in serving as lead plaintiff, contact Silver Law Group at 954-755-4799. In a class action lawsuit, the lead plaintiff represents the other class members in the litigation. The deadline to apply to be lead plaintiff (also called class representative) is November 12, 2019. Continue reading

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Silver Law GroupSilver Law Group has filed a FINRA arbitration claim for more than $1 million on behalf of an investor who purchased shares in a GPB Capital’s Automotive Portfolio. The claim is against the broker-dealer who sold the investment to our client. Starting in 2016, based on the strong recommendation of their brokers, our clients made purchases in GPB Capital’s Automotive Portfolio that totaled $1,100,000. The Automotive Portfolio is a private placement managed by GPB which has more than $600 million in assets. GPB Capital raised more than $1.5 billion, mostly from retail investors with accounts at regional broker-dealers. has filed a FINRA arbitration claim for more than $1 million on behalf of an investor who purchased shares in a GPB Capital’s Automotive Portfolio. The claim is against the broker-dealer who sold the investment to our client.

Starting in 2016, based on the strong recommendation of their brokers, our clients made purchases in GPB Capital’s Automotive Portfolio that totaled $1,100,000. The Automotive Portfolio is a private placement managed by GPB which has more than $600 million in assets. GPB Capital raised more than $1.5 billion, mostly from retail investors with accounts at regional broker-dealers. Continue reading

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A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc. No class has been certified and investors may still apply to be the lead plaintiff.If you were a Conagra or Pinnacle shareholder and want to learn more about your legal rights contact the Silver Law Group.A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc.

Conagra, a massive packaged foods company and component of the S&P 500, told investors that acquiring Pinnacle was a “no brainer” and would help the company expand its frozen food and snack offerings. Then, after the merger closed in late 2018, they revealed serious financial problems with Pinnacle, according to the lawsuit. Conagra’s stock price fell significantly as a result. Continue reading

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After investigations by the SEC, FBI, and FINRA, GPB Capital may now be the subject of an investigation into one of their New York trash removal companies.After multiple investigations by the SEC, FBI, FINRA, and the State of Massachusetts, GPB Capital may now be the subject of an investigation into one of their private New York commercial trash removal companies, according to an article from Pro Publica.

Five Star Carting falls under the administration of New York City’s Business Integrity Commission (BIC), and they recently paid the company a visit. Pro Publica calls it a “raid,” but the reason for the visit was not disclosed. Continue reading

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On October 25, 2018, the SEC obtained a court order to halt the alleged fraudulent actions of a registered stock broker and his companies.

The complaint by the SEC states that Sean Kelly used his companies, Lion’s Share Financial of East Cobb, Inc., Lion’s Share and Associates, Inc., and Lion Share Tax Services, LLC, to raise $1 million from a variety of investors. There were 12 investors, which included retirees. Kelly promised he would invest their funds into different investment products, but his promise was a lie. Instead of investing their funds into private placements and real estate, he used it on his own personal expenses. He continued to steal their money after receiving a SEC subpoena, and didn’t show up to his scheduled testimony. He used their money to buy Super Bowl tickets, expensive vacations, and also for cash withdrawals. The SEC alleges that Kelly has engaged in this fraud scheme since 2014, when he was still affiliated with Capital Financial Services.

Kelly was a representative of Center Street Securities from August 2017 to October 2018. He worked with Capital Financial Services from August 2012 to August 2017 in Marietta, Georgia. His records show that he filed for bankruptcy twice, in 2009 and in 2014.

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Silver Law Group, a securities and investment fraud law firm announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Akers Biosciences, Inc. (Nasdaq: AKER) (“Akers” or the “Company”) securities during the period between May 15, 2017 and June 5, 2018, inclusive (the “Class Period”).  Investors who wish to serve as a lead plaintiff in the litigation have until August 13, 2018 to seek appointment as lead plaintiff.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Akers was improperly recognizing revenue for the fiscal year ended December 31, 2017, and it downplayed weaknesses in its internal controls over financial reporting.

According to the complaint, following a May 21, 2018 filing disclosing the Company’s continuing review of certain revenue recognition items, a May 29, 2018 press release announcing that a director had resigned, and a June 5, 2018 filing stating the previously filed Form 8-K made false statements regarding the director, the value of Akers shares declined significantly.

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Silver Law Group is currently representing investors who have been victims to Perry Santillo Jr. and his associates’ alleged $102 million Ponzi scheme.  Silver Law Group continues to investigate claims against Santillo and his associates’ businesses, including:

  • First Nationle Solution;
  • Percipience Global Corporation; and
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On June 19, 2018, the Securities and Exchange Commission (the “SEC”) shut down a $102 million Ponzi scheme and charged five (5) individuals and three (3) businesses with various securities laws violations.

The massive Ponzi scheme’s alleged orchestrators were all formerly registered with FINRA and employed by FINRA-registered firms, according to the SEC complaint. The following individuals were named in the SEC’s complaint:

  • Perry Santillo Jr.;
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In January 2018, Menlo Therapeutics went public issuing over 8,000,000 shares of common stock at a public offering price of $17.00 raising over 125 million dollars.  NASDAQ lists Menlo’s stock under the ticker symbol “MNLO.”

Jefferies LLC, Piper Jaffray & Co. and Guggenheim Securities served as the lead underwriters.  Menlo’s stock price, MNLO, initially skyrocketed.  However, the stock recently plummeted after poor test results costing investors millions of dollars.

Contact Our Firm if You’ve Invested in Menlo Therapeutics (“MNLO”)

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