Capstone Turbine Corporation

The action alleged that between at least November 2013 and October 2015, certain officers and directors caused Capstone Turbine Corporation (“Capstone”) to make repeated false and/or misleading statements about Capstone’s business and business prospects that led stockholders and the investing public to believe Capstone was on an upward trajectory. The alleged false and misleading statements…

Equifax, Inc.

Hynes & Hernandez LLC was part of the litigation team that prosecuted claims on behalf of Equifax Inc. (“Equifax”) against certain of Equifax’s current and former officers and directors for breaches of fiduciary duty arising out of Equifax’s massive 2017 data breach. The terms of the settlement included: (1) the Defendants’ agreement to cause their…

Osiris Therapeutics, Inc.

The action brought on behalf of Osiris Therapeutics, Inc. (“Osiris”) alleged breach of fiduciary duty claims against certain officers and directors in connection with, among other things, their failure to adopt and implement adequate accounting and financial reporting systems and for allegedly causing the Company to make false and misleading statements regarding its financial condition….

Revolution Lighting Technologies, Inc.

Revolution Lighting Technologies, Inc. (“Revolution”) designs, manufactures, markets, and sells light-emitting diode lighting solutions for various usages to industrial, commercial, and government markets. The shareholder derivative actions brought on behalf of Revolution allege that from 2014 through 2018, Revolution improperly recorded its revenue using the bill-and-hold method of revenue accounting. In August 2018, Revolution disclosed…

Fifth Street Finance Corp.

The shareholder derivative actions brought on behalf of Fifth Street Finance Corp. (“FSC”), a publicly traded business development company (“BDC”), alleged that insiders at FSC’s external manager, Fifth Street Asset Management, Inc. (“FSAM”), caused FSC to take actions contrary to its interests in order to inflate FSAM’s stock price before FSAM’s November 2014 initial public…

Avon Products, Inc.

The derivative action brought on behalf of Avon and its shareholders alleges breach of fiduciary duty claims against certain officers and directors in connection with, among other things, alleged violations of the Foreign Corrupt Practices Act of 1977 (“FCPA”). It is alleged that Avon violated the FCPA by paying bribes and kickbacks to get or…

Galena Biopharma, Inc.

The derivative action brought on behalf of Galena and its shareholders arises from allegations that certain officers and/or directors of Galena secretly hired a stock promotion firm to “pump up” Galena’s stock price, so that they could later sell Galena stock while in possession of non-public information and at a time when Galena stock was…

Maxwell Technologies, Inc.

Maxwell was alleged to have lacked the internal controls necessary to prevent improper revenue recognition and to have falsely represented its operations and finances between April 28, 2011 and 2013. Hynes & Hernandez, LLC was an integral part of a team of attorneys that caused Maxwell to adopt corporate governance reforms that not only strengthened…

Accretive Health Inc.

Accretive Health Inc. (“Accretive” or the “Company”), a registered debt-collection agency in Minnesota and several other states, was alleged to have violated numerous debt collection statutes and patient privacy laws in connection with the operation of its business. These violations became public when the Minnesota Attorney General’s Office filed a lawsuit against the Company in…

Skechers USA, Inc.

Skechers USA, Inc. (“Skechers” or the “Company”) was accused of using numerous “unfounded claims” in the advertising of its “Shape-ups” line of rocker-bottom shoes. These “unfounded claims” resulted in numerous consumer and personal injury lawsuits and a $40 million settlement with the Federal Trade Commission. Through the diligence of Hynes & Hernandez, LLC and after…