Levi & Korsinsky Class Action: Cases, Settlements, and Criticism

Levi & Korsinsky is a New York-based plaintiffs’ securities firm that files class action lawsuits on behalf of shareholders, most often alleging that a public company misled investors before its stock dropped. As of mid-2026, the firm reports roughly $469.4 million in pending settlement funds across resolved cases and lists 29 active securities class actions with upcoming lead-plaintiff deadlines.1Levi & Korsinsky, LLP. Settlements2Levi & Korsinsky, LLP. Cases

Who the Firm Is

Joseph Levi and Eduard Korsinsky founded the firm in 2003. It is headquartered in New York City with additional offices in Washington, Stamford, San Francisco, and Los Angeles. The core practice is securities fraud litigation: class actions brought on behalf of investors who allege that publicly traded companies made materially false or misleading statements about financial performance, growth projections, or regulatory compliance, causing stock prices to fall when the truth emerged. The firm also challenges mergers it considers unfair to shareholders, brings derivative suits over breaches of fiduciary duty, and handles a smaller consumer-protection docket covering data breaches, defective products, and deceptive marketing.3Levi & Korsinsky, LLP. About Us

How a Levi & Korsinsky Class Action Works

Most of the firm’s securities cases follow the process set by the Private Securities Litigation Reform Act of 1995. After a stock drops on alleged bad news, the firm files a complaint and publishes investor alerts seeking a lead plaintiff. Shareholders who bought during the defined class period have 60 days to petition the court for that role.4Levi & Korsinsky, LLP. Frequently Asked Questions Courts generally appoint whichever applicant has the largest financial stake in the case, and that lead plaintiff’s chosen law firm then represents the entire class.5PR Newswire. HTGC Investor Alert

You do not have to serve as lead plaintiff to recover. If a case settles, class members who submit valid claim forms receive a pro rata share of the fund after fees and expenses, processed by a court-appointed settlement administrator.6Levi & Korsinsky, LLP. Understanding Class Action Settlement Checks

The firm works on contingency, meaning it advances the costs of litigation and collects fees only if it obtains a recovery, subject to court approval. Securities class actions typically take two to four years to resolve.4Levi & Korsinsky, LLP. Frequently Asked Questions

Active Cases and Lead-Plaintiff Deadlines

Several higher-profile actions are open as of mid-2026:

  • Microsoft Corporation (MSFT): lead-plaintiff deadline of August 11, 2026. The suit alleges Microsoft made misleading statements about the success and adoption of its Copilot AI products and Azure cloud platform, allegedly concealing technical and interoperability problems that undermined its AI revenue narrative.7PR Newswire. Levi & Korsinsky Reminds Microsoft Investors
  • Commvault Systems (CVLT): deadline of July 17, 2026, in the District of New Jersey. The suit alleges Commvault misled investors about projected annual recurring revenue growth for fiscal year 2026 by failing to disclose that a shift toward lower-priced SaaS deals would suppress revenue. Shares fell roughly 31% after the company reported missing its target in January 2026.8GlobeNewsWire. Commvault Systems Lawsuit
  • Roblox Corporation (RBLX): deadline of August 7, 2026.2Levi & Korsinsky, LLP. Cases
  • Lucid Group (LCID): deadline of July 28, 2026.2Levi & Korsinsky, LLP. Cases

The firm is also investigating potential claims against Oracle, Regeneron Pharmaceuticals, Planet Fitness, Biogen, and Zscaler, among others.9Levi & Korsinsky, LLP. Shareholder Alerts

Notable Settlements

The firm’s largest single pending recovery is a proposed $210 million settlement with The Estee Lauder Companies. Investors alleged the cosmetics company and its executives issued misleading statements that created unrealistic growth expectations tied to the pandemic’s impact on the business. As of May 2026, the parties had asked the court to grant preliminary approval.10Law360. In re The Estee Lauder Co., Inc. Securities Litigation

Other significant recoveries include:

  • Grab Holdings: $80 million, granted final approval on May 15, 2025. Investors accused the Southeast Asian ride-hailing company of misstatements about driver supply and incentive spending around its SPAC debut. Levi & Korsinsky served as co-lead counsel with Pomerantz LLP.11Levi & Korsinsky, LLP. Grab Holdings Update12Grab Securities Settlement. Grab Joint Declaration
  • Mylan N.V.: $60 million.1Levi & Korsinsky, LLP. Settlements
  • QuantumScape: $47.5 million, granted final approval on January 22, 2025 in the Northern District of California. The case alleged the battery maker misled investors about its prototype technology during and after a December 2020 showcase event. The class period ran from November 27, 2020, through April 14, 2021.13Levi & Korsinsky, LLP. QuantumScape Final Approval
  • E-Trade Financial Corp.: $79 million, resolving claims that the company misrepresented its financial condition during the 2007 mortgage crisis.14Law360. E-Trade Settlement

On the merger side, the firm recovered $42.7 million for stockholders in In re CNX Gas Corp. Shareholder Litigation, negotiated a $93 million increase in merger consideration in Great Wolf Resorts, Inc. Shareholder Litigation (a 57% premium over the original offer), and reached a $36.5 million settlement in a case involving a Bluegreen Corp. majority-shareholder buyout.15Levi & Korsinsky, LLP. Triumphs

Where the Firm Ranks

ISS Securities Class Action Services ranked Levi & Korsinsky seventh among plaintiffs’ firms by total settlement amount in its Top 50 report for 2025, with $196.35 million across eight settlements. The firm ranked fifth by number of settlements. It appeared in the ISS top ten in 2021 at ninth, missed the top ten in 2022, 2023, and 2024, and returned in 2025.16ISS SCAS. Top 50 Plaintiff Law Firms The Stanford Securities Class Action Clearinghouse ranks the firm tenth overall by total case count, with 343 cases in which it served as lead counsel or filed the operative complaint.17Stanford Law School. Top Ten by Plaintiff Firms Chambers and Partners lists the firm in its USA Spotlight 2026 rankings for securities litigation.18Chambers and Partners. Levi & Korsinsky LLP Litigation: Securities

Criticism and a Retaliation Ruling

The firm has drawn criticism common to plaintiffs’ securities practices, including accusations from litigation targets that its filings are frivolous. In one substantive legal dispute, Judge Loretta Preska of the Southern District of New York ruled in September 2023 that the firm had engaged in illegal retaliation against a former partner who had accused it of sex discrimination. Judge Preska found that the firm’s countersuit against the former partner constituted retaliation, concluding there was no evidence the firm had reason to suspect disloyalty before the discrimination complaint was filed.19Law360. Levi & Korsinsky’s Countersuit Illegal Retaliation, Judge Rules

If you bought shares in a company the firm is suing and want to participate, the two dates that matter are the lead-plaintiff deadline (60 days from the first filed complaint) and, later, the claim-filing deadline set once a settlement is approved. You can join the class either way; lead-plaintiff status is optional.