Monthly Archives: June 2015

BOULDER BRANDS, INC. LAWSUIT (BDBD)

Class Action Lawsuit Against Boulder Brands, Inc. on Behalf of Boulder Brands, Inc. Investors

 Boulder Brands, Inc. Lawsuit Details

On April 1, 2015, a securities class action lawsuit was filed on behalf of purchasers of Boulder Brands, Inc. (NASDAQ: BDBD) common stock. The complaint alleges violations of federal securities laws, including alleging the issuance of materially false and misleading representations to the market which had the effect of artificially inflating the market price of the Company stock beginning December 23, 2013 through October 22, 2014.  The lawsuit alleges that the Company failed to disclose that it was experiencing problems with its inventory management and the integration of recent acquisitions, and that the Company’s shift to lower margin products made its previously announced margin improvements unattainable.

About Our Investment Fraud Attorneys

The Securities Fraud Attorneys at Gilman Law have over 35 years of experience in securities litigation.  Our Investment Fraud Attorneys focus on cases involving securities litigation, securities fraud, mergers and acquisitions, breach of fiduciary duty and other shareholder disputes.

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Lumber Liquidators Lawsuits

Lumber Liquidators (LL) Lawsuits

Gilman Law LLP, a leading national law firm with over 30 years of experience protecting the rights of

shareholders and consumers, is continuing its investigation into reports that laminate flooring sold by

Lumber Liquidators and installed in millions of homes across the country is contaminated with

dangerous amounts of formaldehyde. The Firm has already filed a Lumber Liquidators lawsuit that,

among other things, claims the Company’s directors failed to comply with their fiduciary duties in

connection with applicable laws and regulations pertaining to formaldehyde emissions from composite

wood products. Gilman Law LLP is also offering free Lumber Liquidators lawsuit evaluations.

Lumber Liquidators is the nation’s largest retailer of hardwood flooring, the Company and its investors

stand to incur significant damages as a result of the concerns surrounding the Company’s laminate

flooring products. If you are among them, please contact Gilman Law LLP today to learn more about

filing a Lumber Liquidators lawsuit.

Gilman Law Fiduciary Duty Lawsuit

In March 2015, Gilman Law LLP filed a Lumber Liquidators derivative lawsuit against the Company’s

board of directors, including former CEO Robert Lynch, for allegedly breaching their fiduciary duties in

connection with their failure to oversee the operations of the Company as they relate to the

manufacture and sale of their wood laminate products, as well as the import and trade of illegally

sourced lumber from the Russian Far East in violation of the Lacey Act. In addition, the complaint

challenges the alleged unlawful insider selling of tens of millions of dollars of Lumber Liquidators stock

by certain members of the Board during a time when the stock was allegedly inflated due to a failure of

the Company’s management to properly disclose the activities of and accurate financial information

regarding the Company. The complaint, which is currently pending in Delaware Court of Chancery,

seeks damages on behalf of the Company arising from and incurred and to be incurred in connection

with pending federal securities lawsuits, consumer product liability lawsuits, and investigations by

various federal agencies, including arms of the U.S. Department of Justice.

Lumber Liquidators Products Liability Lawsuits

Lumber Liquidators has been named a defendant in dozens of product liability lawsuits involving its

laminate flooring products. This litigation began to grow after 60 Minutes aired a report focusing on the

excessive formaldehyde levels contained in certain laminate flooring Lumber Liquidators purchased

from manufacturers in China. Among other things, the report noted that certified testing of laminate

wood flooring purchased from Lumber Liquidators locations in Virginia, Florida, Texas, Illinois, and New

York revealed levels of formaldehyde that exceed those permitted by the California Air Resources Board

(CARB). In addition, 60 Minutes reported that employees at certain Chinese manufacturers “openly

admitted” that they use materials with higher levels of formaldehyde and falsely label Lumber

Liquidators’ laminate flooring as “CARB Phase 2 Compliant.”

At low levels, formaldehyde exposure can cause a number of serious health problems, including

respiratory issues, asthma, and irritation of the eyes, nose and throat. Higher levels of formaldehyde

have been linked to various types of cancer, including myeloid leukemia and nasopharyngeal cancer. 60

Minutes noted that children may be more susceptible to formaldehyde-related health issues, as they are

more likely to come into close contact with the Lumber Liquidators flooring.

Lumber Liquidator Lawsuit Reviews

For a no-obligation evaluation of your potential case, please fill out our free consultation form or call

Gilman Law LLP direct to speak with one of our attorneys at (888) 252-0048.

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iDREAMSKY TECHNOLOGY LTD LAWSUIT

Class Action Lawsuit Against iDreamSky Technology, Ltd. on Behalf of iDreamSky Technology, Ltd. Investors

iDreamSky Technology, Ltd. Lawsuit Details
Gilman Law LLP has announced that on April 2, 2015 a federal securities class action lawsuit was filed on behalf of purchasers of iDreamSky Technology, Ltd (NASDAQ: DSKY) common stock. The complaint alleges false and/or misleading statements and/or omissions relating to, among other matters, the substantial reduction of its previously issued earnings guidance for the fourth quarter of 2014, attributing the lowered guidance to areas it had represented as strengths in its IPO prospectus – its ability to monetize its user base and integrate distribution channels.

iDreamSky Technology LTD Lawsuit

iDreamSky Technology LTD Lawsuit

Legal Help for iDreamSky Technology Investors
If you purchased or otherwise acquired shares of iDreamSky Technology, you may have legal claims under federal securities laws. You may contact Gilman Law LLP to discuss your rights to recovery of your losses or to obtain additional information.

About Our Investment Fraud Attorneys
The Securities Fraud Attorneys at Gilman Law have over 35 years of experience in securities litigation. Our Investment Fraud Attorneys focus on cases involving securities litigation, securities fraud, mergers and acquisitions, breach of fiduciary duty and other shareholder disputes.

For a free evaluation of your case or to obtain additional information, please complete the Investor Certification or CALL TOLL FREE (888) 252-0048.

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Awards & Recognition

The Securities and Investment Fraud Attorneys at Gilman Law LLP have been recognized by numerous leading legal publications:

Investment Losses Law Firm