Shapiro Haber & Urmy LLP Announces Filing of a Class Action Lawsuit Against Scuderi Group and Others

Business Wire

BOSTON--(BUSINESS WIRE)--

Shapiro Haber & Urmy LLP has filed a class action against Scuderi Group Inc. (formerly known as Scuderi Group LLC) and others, for violations of federal and state securities laws, in the United States District Court for the District of Massachusetts, entitled Fournier v. Scuderi Group, Inc., C.A. No. 13-30111.

The Complaint alleges that Scuderi Group offered and sold unregistered securities that were not exempt from registration, in violation of federal and Massachusetts laws. The Complaint also alleges that Scuderi Group made untrue statements of material fact and/or omitted material facts in the private placement memoranda by which the securities were sold. Various Scuderi family members are being sued for their roles in the offerings, and as control persons of Scuderi Group. The action is brought on behalf of both a nationwide class under federal law and a Massachusetts class under Massachusetts law, defined as follows:

All persons or entities who directly or indirectly purchased preferred units in Scuderi Group between June 13, 2010 and the present; and

All persons or entities who directly or indirectly purchased preferred units of Scuderi Group in Massachusetts between January 1, 2004 and the present.

If you purchased Scuderi Group preferred units, you may move the court to appoint you as lead plaintiff no later than 60 days from today.

The factual and legal bases for the Plaintiff’s claims are set forth in greater detail in the Complaint. A copy of the Complaint can be obtained from the office of the Clerk of the United States District Court for the District of Massachusetts, 300 State Street, Springfield, Massachusetts 01105. A copy of the Complaint is also available on the firm’s web site, www.shulaw.com. More information about the law firm of Shapiro Haber & Urmy LLP and its qualifications is also available on the firm’s website. If you would like more information about this case, please contact Lauren Wolahan at the firm’s telephone numbers below or by email at cases@shulaw.com.

Contact:
Shapiro Haber & Urmy LLP
53 State Street
Boston, MA 02109
Lauren Wolahan, 800-287-8119 or 617-439-3939
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