Apex Clearing Corporation and Interactive Brokers, LLC are brokerage firms regulated by the Financial Industry Regulatory Authority, Inc.
Recent Security Class Actions
Pinterest operates a platform that purports to provide inspiration for its users’ lives. Monthly active users (“MAUs”) are the number of Pinterest users who interact with Pinterest at least once during the 30-day period ending on the date of measurement.
Peloton provides interactive fitness products such as the Peloton Bike and the Peloton Tread+ and Tread, which include touchscreens that stream live and on-demand classes. Peloton also provides connected fitness subscriptions and access to all live and on-demand classes.
Boingo Wireless, Inc. provides wireless internet connectivity solutions for consumer devices.On February 26, 2021, Boingo entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Boingo will be acquired by an affiliate of Digital Colony Management, LLC. Under the terms of the Merger Agreement, the Company’s shareholders will receive $14.00 in exchange for each share of Boingo common stock they own. On March 1, 2021, Boingo issued a press release announcing the Proposed Merger.
Verus International, Inc. purports to be an international supplier of consumer food products, focused on international consumer packaged goods, foodstuff distribution and wholesale trade.
Emergent BioSolutions Inc. provides a variety of products and solutions that address public health threats, including manufacturing for the development of new vaccines. In April 2020, during the initial months of the COVID-19 pandemic, Emergent entered an agreement with J&J to provide its Bayview manufacturing facilities to support J&J’s goal of supplying one billion doses of a COVID-19 vaccine. Under the deal, valued at $135 million, Emergent would provide drug substance manufacturing services and reserve large-scale manufacturing capacity for J&J.
Arcimoto Inc. is purportedly engaged in the business of manufacturing ultraefficient three-wheeled electric vehicles.
Acadia Pharmaceuticals Inc. is a biopharmaceutical company that focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders. The Company is developing pimavanserin as a treatment for dementia-related psychosis and as an adjunctive treatment for schizophrenia, as well as an adjunctive treatment for major depressive disorder. In June 2020, Acadia submitted a supplemental New Drug Application ("sNDA") with the FDA to expand pimavanserin's label to include treatment for dementia-related psychosis.
Churchill Capital Corporation IV is a blank check company, also known as a special purpose acquisition company (“SPAC”). On Monday, February 22, 2021, a merger agreement between Churchill Capital Corporation IV ("CCIV") and Lucid Motors was announced. CCIV’s and Lucid’s transaction equity value was estimated at $11.75 billion. Details of the merger disclosed that Lucid was projecting the production of only 557 vehicles in 2021, instead of the 6,000 it had allegedly been touting in the run-up to the merger announcement.
LifeMD, Inc. is a direct-to-patient telehealth company. It offers a telemedicine platform that purports to help patients access licensed providers for diagnoses, virtual care, and prescription medications. LifeMD was previously known as Conversion Labs, Inc., and its common stock traded on the NASDAQ exchange under the symbol “CVLB.” The Company’s name was changed effective February 19, 2021, and the stock symbol changed effective February 22, 2021.
