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Overview

Status: Status: Pending
Court: Court: Eastern District of New York
Case Number: Case Number: 25-cv-00763
Lead Attorneys: Lead Attorneys: Javier Bleichmar, Joseph A. Fonti, Evan A. Kubota, Nancy A. Kulesa, Ross Shikowitz
Background: The complaint alleges that ICON misrepresented that it was benefiting from a significant industry-wide downturn during which the Company’s current and prospective customers sought to cut costs. The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  
 
BFA’s Role: BFA is Co-Lead Counsel for Court-appointed Lead Plaintiff Police & Fire Retirement System of the City of Detroit, and the Trustees of the Local 464A United Food & Commercial Workers’ Union Welfare Service Benefit Fund, and the Trustees of the Welfare and Pension Funds of Local 464A – Pension Fund.
  
Status: On June 10, 2025, Judge Hector Gonzalez appointed BFA as Co-Lead Counsel to represent court-appointed Lead Plaintiff and the putative Class.  BFA is currently preparing a consolidated complaint.

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