SearchMedia Holdings Limited f/k/a Ideation Acquisition Group

Case Details

Class Period:
April 1, 2009 – August 20, 2010
Date Filed:
August 13, 2010
Case Number:
1:11-cv-20549-KMW
Jurisdiction:
Southern District of Florida

Case Summary

Serving as Co-Lead Counsel, Saxena White P.A. successfully obtained a settlement in the amount of $2,750,000 on behalf of shareholders. The action arose from material misstatements and/or omissions in the Proxy, as well as other public statements issued during the Class Period related to the Merger of SearchMedia and Ideation. After holding a Fairness Hearing on April 23, 2012, Partial Final Judgment and Order was granted on April 25, 2012 by the Honorable Kathleen M. Williams.