Falc, a market leader in enterpriseclass backup and archive data protection and softwaredefined storage, today announced financial results for its third quarter ended. A class action lawsuit has been filed in the united states district court for the eastern district of new york on behalf of purchasers of falconstor software, inc. About falconstor software falconstor software, inc. This settlement compensates our stockholders and the company for damage. Otc us stock quote falconstor software inc bloomberg. Falc is a leading software defined storage company offering a converged data services software platform that is hardware agnostic. The lawsuit alleges, among other things, that the company knew but failed to. Dec 08, 20 falconstor software securities fraud class action settlement notice. Falc ceo todd brooks on q4 2019 results earnings call transcript. Otc us including stock price, stock chart, company news, key statistics, fundamentals and company profile. Falconstor was cofounded in 2000 in new york by computer associates veterans reijane huai and wayne lam. Falconstor during the period from march 12, 2008 through september 29, 2010, inclusive, you could receive a payment from a class action settlement the settlement. Falc, a market leader in softwaredefined storage, today announced financial results for its third quarter ended september 30, 2016. Jun 20, 2017 falconstor ceo gary quinn has resigned with todd oseth coming in to run this somewhat sickly storage software firm.
Izard nobel llp announces class action lawsuit against. Aps full auto talk contribs is an account created to use wikipedia for the purpose of promoting starwind software inc, however it appears to now be joe jobing falconstors page. Falconstor is a provider of diskbased data protection. Falconstor or the company common stock who purchased shares between february 5, 2009 and september 29, 2010 the class period. This session will explain how to safely archive information to meet the longterm retention mandates while obviating the hardware and software issues. Falconstor launches storsafe, the industrys first enterpriseclass persistent data storage container press release mar 17, 2020 falconstor software announces fourth quarter 2019 results. The companys totally open data protection solutions, built upon the ipstor virtualization platform, include the virtual tape library vtl with data deduplication for backup optimization, continuous data. Falconstor software resources for it pros spiceworks. District court for the eastern district of new york. Once we have emerged, we believe that our employees, and core product set including our new and innovative storsafe solution will. Feb 04, 2014 some class action attorneys even believe they are doing a sort of public service by bringing this litigation, diminishing the need for a living, breathing human being as a client.
Oct 28, 2015 melville, ny, oct 28, 2015 marketwired via comtex falconstor software, inc. Falconstor software inc falc securities fraud big class action. Under law, a federal court has authorized this notice. If you are a current or former employee or are a member of any of falconstor software inc investment plans or profit sharing retirement plans you may be included in this possible falconstor software inc 401k or employee retirement income security act erisa class action. Falconstor shareholder lawsuits to continue long island business. Falconstor software reveals new data storage container. Top class actions include fisher price, starbucks and falconstor software. Falc empowers it professionals to achieve mastery of their data an organizations most precious asset so they can resp.
Quinn became ceo in july 20, and stabilised a company nearing collapse. Brower piven encourages investors who have losses in excess. Falconstor software securities fraud class action settlement notice. The proposed settlement is subject to court approval. Another falconstor ceo out as storage software firm hunts for.
Oct 04, 2010 izard nobel llp announces class action lawsuit against falconstor software, inc. Falc, a market leader in enterpriseclass backup and archive data protection and softwaredefined storage, today. Falconstor software announces third quarter 2019 results. Sep 29, 2011 falconstor and various executives still face class action suits charging that huai and other executives from feb. Falconstor shareholder lawsuits to continue long island.
Falconstor software class action settlement of burns v. Falconstor is a data management software company based in austin, texas. Falc empowers it professionals to achieve mastery of their data an organizations most precious asset so they can. Falconstor software announces third quarter 2015 results. Barrons also provides information on historical stock ratings, target prices, company earnings, market valuation. Falc empowers it professionals to achieve mastery of their data an organizations most precious asset so they can responsibly push the boundaries of. Falc, a market leader in softwaredefined storage, today announced financial results for its third quarter ended. The intellectual property of falconstor software includes 10 registered patents primarily in the computing. Falconstor and james weber weber faiconstor and weber together are the falconstor defendants, and together with plaintiffs are the settling parties, by and through counsel.
The weeks top class action lawsuits and settlements for the week ending december 6, 20. Securities and exchange commission litigation release no. The companys platform freestor, allows information technology it organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a. New york, nymarketwire 100810 the rosen law firm today announced that it has filed a class action on behalf of purchasers of falconstor software, inc. Final settlement of the class action lawsuit is subject to certain conditions and to approval by the court. Falconstor is having a huge impact on a wide variety of industries. That classaction lawsuit followed allegations that huai and the two reps bribed jp morgan chase, a falconstor customer. Falconstor software reschedules third quarter 2019 financial webcast. View todays stock price, news and analysis for falconstor software inc.
Sydney, australia, november 8, 2016 falconstor software inc. Market specialist to provide local channel support of companys flagship converged data service platform. As a result, we have developed, and implemented a proactive plan to survive the storm. Falc is a leading softwaredefined storage company offering a converged data services software platform that is. The latest litigation news involving the company falconstor software, inc. Izard nobel llp announces class action lawsuit against falconstor software, inc. Brower piven encourages investors who have losses in. May 04, 2017 falconstor software announces first quarter 2017 results. Additionally, falconstor software has registered 5 trademarks with the most popular class being scientific and electric apparatus and instruments. Oct 05, 2010 falconstor software falc stock purchasers file securities fraud class action lawsuit complaint against falconstor a securities fraud class action lawsuit has been filed against falconstor software, inc.
Falconstor software inc has been accused of securities fraud. Et on edgar online edg 10q, 10k falconstor software, inc. Proposed settlement of class action if you purchased the common stock stock of falconstor software, inc. Forgevision selects falconstor to offer robust recovery, backup and archive services in rapidly growing asiapacific market by pr newswire mar 25, 2020 9. Oct 08, 2010 new york, nymarketwire 100810 the rosen law firm today announced that it has filed a class action on behalf of purchasers of falconstor software, inc. Find the latest sec filings data for falconstor software inc. Some classaction attorneys even believe they are doing a sort of public service by bringing this litigation, diminishing the need for a living, breathing human being as a client.
Falc, a 16year innovator of softwaredefined storage solutions, today announced it has joined the icita ecosystem through a vendor alliance with the leading regional distributor to provide freestor, the. Falc is a market leader in diskbased data protection. Falconstor achieve data mastery falconstor software. Falconstor and various executives still face class action suits charging that huai and other executives from feb. In 2007 the company started a jointventure with the chinese academy of sciences for the blue whale file system. Falconstor reboots with industrys first enterpriseclass persistent data storage container by mark. According to a press release dated october 01, 2010, the complaint charges falconstor and certain of its officers and directors with violations of the securities exchange act of 1934. Falconstor software announces first quarter 2015 results. Falc, a market leader in softwaredefined storage, today announced financial results for its first quarter ended.
Falconstor software settlement class members reportedly include, unless otherwise excluded, all persons who purchased falconstor stock between march 12, 2008 and september 29, 2010, inclusive, and suffered losses in their investment due to the decline in the value of. The company develops, manufactures and sells network storage software solutions in the united states and internationally. Falconstor software announces fourth quarter 2016 results. The company delivers data protection solutions that facilitate the availability of businesscritical data. Falconstor and various executives still face class action suits charging. The joint venture was named tianjin zhongke blue whale. Whereas, on october 1, 2010, a class action complaint alleging violations of. Banking bankruptcy benefits california cannabis capital markets class action commercial contracts commercial. Falconstor software falc stock purchasers file securities fraud class action lawsuit complaint against falconstor a securities fraud class action lawsuit has been filed against falconstor software, inc.
Falconstor software or falconstor or defendant in the united states district court for the eastern district of new york on behalf of a class consisting of all purchasers. Once we have emerged, we believe that our employees, and core product set including our new and innovative storsafe solution will be terrific catalysts for longterm growth. Jul 01, 20 that class action lawsuit followed allegations that huai and the two reps bribed jp morgan chase, a falconstor customer. Falconstor software securities fraud class action lawsuit. Falconstor software announces first quarter 2017 results.
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