Cases
Police and Fire Retirement System of the City of Detroit v. ICON plc
- Securities Class Action
Overview
Overview
| Status: | Status: Pending |
| Court: | Court: Eastern District of New York |
| Case Number: | Case Number: 25-cv-01807 |
| Lead Attorneys: | Lead Attorneys: Javier Bleichmar, Nancy A. Kulesa |
Background: The complaint alleges that between July 27, 2023 and January 13, 2025, 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 Counsel for Police & Fire Retirement System of the City of Detroit.
Status: This case is related to the class action an investor previously filed against ICON: Shing v. ICON plc, No. 25-cv-00763 (E.D.N.Y.) (“Shing”), which is the first-filed securities class action in this matter. As stated in the notice published on February 10, 2025 in connection with the filing of Shing, and pursuant to the Private Securities Litigation Reform Act of 1995 which sets the deadline to seek Lead Plaintiff status 60 days after the notice of the first-filed action is published, investors wishing to serve as Lead Plaintiff must file a motion for appointment as Lead Plaintiff by no later than Friday, April 11, 2025.
On April 2, 2025, BFA filed this case on behalf of Police & Fire Retirement System of the City of Detroit. The filing of this case does not alter the April 11, 2025 deadline to seek Lead Plaintiff appointment.
BFA’s Role: BFA is Counsel for Police & Fire Retirement System of the City of Detroit.
Status: This case is related to the class action an investor previously filed against ICON: Shing v. ICON plc, No. 25-cv-00763 (E.D.N.Y.) (“Shing”), which is the first-filed securities class action in this matter. As stated in the notice published on February 10, 2025 in connection with the filing of Shing, and pursuant to the Private Securities Litigation Reform Act of 1995 which sets the deadline to seek Lead Plaintiff status 60 days after the notice of the first-filed action is published, investors wishing to serve as Lead Plaintiff must file a motion for appointment as Lead Plaintiff by no later than Friday, April 11, 2025.
On April 2, 2025, BFA filed this case on behalf of Police & Fire Retirement System of the City of Detroit. The filing of this case does not alter the April 11, 2025 deadline to seek Lead Plaintiff appointment.