SWFI First Read, March 4, 2016

Robbins Geller Rudman & Dowd LLP Secures Class Certification in Securities Class Action Against Covisint Corporation

Robbins Geller Rudman & Dowd LLP, a securities law firm, is representing a group of investors in a lawsuit against Detroit-based Covisint Corporation. The suit alleges Covisint, certain of its officers and directors and the underwriters of the initial public offering (IPO) with violations of the Securities Act of 1933. Covisint provides a cloud engagement platform for enabling organizations to securely connect, engage and collaborate with large, distributed communities of customers, business partners and suppliers. In the IPO, the company sold 6.4 million shares of Covisint common stock to the public at US$ 10 per share, raising approximately US$ 64 million in gross proceeds for the company.

The case is Desrocher v. Covisint Corp., No. 1:14-cv-03878 (S.D.N.Y.).

Miramax Finds a Buyer in Qatar

Miramax, the film studio formed by brothers Harvey and Bob Weinstein in 1979, has found a new owner. Miramax owns movies such as “Pulp Fiction”. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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