Morris Kandinov LLP has filed a class action complaint on behalf of investors in FAST Acquisitions Corp. to prevent the sponsor from dissolving the SPAC without first distributing the SPAC’s $23.7 million in net assets to investors.

Morris Kandinov has filed an action on behalf of the High Income Securities Fund in connection with its purchase of preferred stock issued by Cedar Realty Trust, Inc.

Morris Kandinov LLP has filed an action seeking books and records in connection with its client’s investigation of misconduct at Lordstown Motors (RIDE).

Morris Kandinov LLP has filed two cases seeking to recover losses incurred by investors in the Infinity Q Diversified Alpha Fund (the “Fund”), a mutual fund that announced in early 2021 that it was liquidating because of extensive securities pricing errors that rendered its last reported net asset value (“NAV”) inaccurate.

Morris Kandinov LLP has filed a derivative suit on behalf of shareholders of the Fiduciary/Claymore Energy Infrastructure Fund (FMO) against the fund’s board of trustees and investment advisers. The case arises from the fund’s collapse after a liquidity crisis in early 2020 and the fund’s unexpected tax expenses disclosed thereafter.

Morris Kandinov LLP has filed a derivative complaint on behalf of a shareholder of Clover Health Investments, Corp. (CLOV) alleging, among other things, that the company concealed from investors, before going public through a SPAC, that the U.S. Department of Justice was actively investigating at least a dozen different matters relating to its business, which jeopardized the company’s ability to earn revenue through participation in the Medicare Advantage program.

Morris Kandinov announced today that it has partnered with Chicago Clearing Corporation (“CCC”) to provide clients with industry-leading portfolio monitoring and class action claims processing services.  The firm will begin transitioning eligible retail, adviser and institutional clients to CCC’s platform, which provides a single source for tracking hundreds of securities, antitrust, and foreign cases filed each year. 

Morris Kandinov LLP has filed a derivative action on behalf of Granite Construction Inc. following the revelation of over $338 million in project cost overruns that were concealed from investors in multiple major construction contracts between 2017 and 2019.

Morris Kandinov LLP (“MoKa”) announced today that it began operations as a law firm dedicated to retail and institutional investors. The firm offers four practice areas: (i) corporate governance litigation; (ii) securities class actions; (iii) asset management litigation; and (iv) direct actions on behalf of institutions.