A class that purchased shares from an entertainment provider sued in Los Angeles federal court Wednesday over claims that stock prices plummeted when the provider failed to adhere to an antitrust agreement with the Department of Justice.
Read moreAmrit J.S. Chahal, 30, of Fairfax, Va., defrauded investors of $1.4 million through his unregistered Kane Capital Investment Group, the SEC claims in a federal complaint.
Read moreThe Commodity Futures Trading Commission claims in a federal complaint that the Kane Capital Investment Group and its founder fraudulently raised and misappropriated more than $1.2 million in a “Ponzi-like” scheme.
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A Dr. Pepper Snapple Group shareholder claims in court that the impending $18.7 billion acquisition of the beverage behemoth by specialty coffee company Keurig Green Mountain is tainted by the alleged withholding of crucial information about the deal.
Read moreTexas securities regulators said they found widespread fraud in dozens of cryptocurrency offerings that were investigated, warning the public to learn how to identify safer investment options.
Read moreLongfin shares dropped by 86 percent on April 3, from $71.10 per share in late March, after the company announced that its acquisition of cryptocurrency lender Ziddu.com spurred a regulatory investigation that led to a court-imposed freeze on $27 million in illicit trading proceeds, investors claim in a federal class action.
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A shareholder derivative action against Netflix alleges company officers “rigged” their compensation packages to ensure they will make their full bonuses regardless of performance goals.
Read moreChina Fund failed to win an injunction Monday against the City of London Investment Group, a shareholder that is fighting to terminate Allianz Global Investors as China Fund’s investment manager and to install two nominees on the fund’s board of directors.
Read moreShareholders say directors are selling Mulesoft too cheaply through an unfair process to Salesforce.com, for $36 plus 0.071 shares of Salesforce.com per Mulesoft share, or $6.5 billion, in a federal class action.
Read moreA federal judge declined to dismiss an FDIC lawsuit seeking $1.12 billion from Bank of America for allegedly underpaying what it owed for deposit insurance.
Read moreThe Delaware Chancery Court refused to dismiss shareholder claims stemming from Tesla’s controversial acquisition of SolarCity, finding it conceivable that CEO Elon Musk, a controlling stockholder of both companies, unduly influenced the board’s decision.
Read moreA disgraced Chinese financial consultant sued Nasdaq on Monday, saying it made him a scapegoat when regulators cracked down on fraudulent Chinese company listings.
Read moreThe SEC claims in a federal complaint that Clifton E. Stanley, 66, of Galveston, stole $1.3 million of the $2.4 million he took from elderly people in a Lifepay Group real estate-promissory note Ponzi scheme, and raised another $1.4 million in an oil-and-gas promissory note scam with Michael E. Watts, 62, of Sugar Land, and their company SMDRE.
Read moreGeneos Wealth Management, PNS Investments and Securities America Advisors will pay $15 million — $12 million of it to harmed clients — to settle SEC charges of breaching fiduciary duty and “generating millions of dollars of improper fees in the process.”
Read moreThe SEC on Friday unsealed a federal court order freezing $27 million from allegedly illegal sales of Longfin Corp. shares, a “purported cryptocurrency business,” and its CEO Venkata Meenavalli and two cronies.
Read morePeter H. Pocklington, a felony perjurer, securities recidivist and former owner of an NHL hockey team, and cronies skimmed $600,000 from the $14 million he raised for unregistered offerings in his company The Eye Machine nka Nova Oculus Partners, the SEC claims in a federal complaint.
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China-based lending company Qudian Inc. allegedly duped investors into buying into the company’s initial public offering last year through false statements filed with the Securities Exchange Commission.
Read moreIn the latest legal attacks on an “initial coin offering,” the SEC and criminal prosecutors on Monday charged two co-founders of an alleged financial services startup, Centra Tech, with defrauding investors of $32 million.
Read moreChallenging an $8 billion merger with General Mills, investors in Blue Buffalo Pet Products claim in a federal class action that the low-ball offer was approved because it includes unfair benefits to company insiders.
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