Cahill Wins Dismissal with Prejudice of Class Action Against Global Power Equipment Group
A Cahill litigation team has prevailed on behalf of Global Power Equipment Group Inc. in obtaining the dismissal with prejudice of a putative shareholder class action. The action was filed in 2015 following Global Power’s announcement of its intent to restate certain of its prior financial statements. The complaint asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On September 11, 2018, Chief Judge Barbara Lynn of the U.S. District Court for the Northern District of Texas granted the Company’s motion to dismiss the complaint in its entirety with prejudice.