Shareholder Class Action
A federal class action claims Cayman Islands-based Cision Ltd. issued a false and misleading proxy statement regarding its $2.7 billion merger with co-defendant Platinum Equity Advisors, for $10 a share.
Read moreA federal class action claims Cayman Islands-based Cision Ltd. issued a false and misleading proxy statement regarding its $2.7 billion merger with co-defendant Platinum Equity Advisors, for $10 a share.
Read moreThe SEC sued Iconix Brand Group and its former CEO Neil R. Cole and former COO Seth Horowitz, claiming they juggled the books and lied about it to the SEC, in two federal complaints.
Read moreNew York State sued Laurence G. Allen, of Connecticut, CEO and director of ACP Investment Group LLC, NYPPEX Holdings LLC, and other companies, claiming he defrauded investors and “looted ACP of more than $13 million,” in New York County Supreme Court.
Read moreA cross-border securities class action against Canadian cannabis company HEXO Corp. alleges the company inflated revenue figures, misstated inventory, and grew cannabis in an unlicensed facility leading to hundreds of millions of dollars in market capitalization loss.
Read moreA slew of law firms face civil claims they aided and abetted a multimillion-dollar securities scam run by convicted fraudster Robert Shapiro through the now-defunct real estate investment firm Woodbridge Group of Cos.
Read moreThe SEC claims in federal court that NIT Enterprises and its directors — two of them securities recidivists — defrauded investors of at least $4.9 million.
Read moreA federal bankruptcy judge ruled Wednesday that the principle of inverse condemnation applies to investor-owned utilities like Pacific Gas and Electric, meaning the company can be held liable for wildfire damage caused by its equipment even if it was not negligent.
Read moreThe SEC sued four former executives of Outcome Health in federal court — CEO Rishi Shah, president Shradha Agarwal, CFO Brad Purdy and executive VP Ashik Desai — claiming they helped raise $487 million through “a simple and pervasive fraud: Outcome was routinely billing clients — and recognizing revenue — for ads it never ran.”
Read moreBrett Pittsenbargar, of Austin, Texas, raised $18 million from investors and took at least $1 million in commissions through his MGM Home Remodeling LLC, fka BP Financials LLC, dba BP Financials & Tax Design Group, in the $1.2 billion Woodbridge Ponzi scam, the SEC claims in federal court.
Read moreChinese e-commerce giant Alibaba’s shares jumped 6.6% in their debut on the Hong Kong stock exchange on Tuesday, an auspicious start as the former British colony is reeling from political unrest.
Read moreShares in medical technology company Axogen Inc. have not recovered since the company conducted two secondary initial public offerings knowing that its multibillion-dollar market claims were overstated and unreasonable, a shareholder derivative alleges.
Read moreInvestors claim in a federal class action that Energy Transfer LP secured permits to conduct a multibillion-dollar pipeline project in Pennsylvania through bribery.
Read moreThe SEC claims Conrad A. Coggeshall, 52, of Scottsdale, Ariz., defrauded elderly people of $700,000 through his company, Business Owners Tax Relief, in federal court.
Read moreThe SEC accused the International Investment Group LLC of “a string of frauds … to cover up tens of millions of dollars in losses on bad bets and keep its investment advisory business afloat,” in federal court.
Read moreThe Ninth Circuit affirmed denial of habeas corpus to Gino Carlucci, who was sentenced to 5 years and 3 months for stealing “large sums of money” in a Ponzi scheme, as the record conclusively shows that Carlucci is not entitled to relief.
Read moreOnline food delivery service Grubhub faces a securities fraud class action after it reported deeply disappointing third quarter financial results, causing its share price to fall by nearly 40%.
Read moreThe SEC on Tuesday said it obtained a restraining order and asset freeze against Palm Financial Management and Shore Management Systems and their operators, Neil Burkholz of Boca Raton, Fla., and Frank Bianco, of Pembroke Pines, Fla., for an alleged $6 million Ponzi scheme.
Read moreMartin Shkreli, the former pharmaceutical executive whose price-jacking of an HIV drug drew worldwide outrage, failed on Monday to secure a Supreme Court audience.
Read moreThe SEC issued $60 million in whistleblower awards in financial year 2019, it says in its annual report to Congress on its Whistleblower Program.
Read moreThe CFTC sued Main & Prospect Capital, Daniel Adam Hewko and his father Daniel Hewko in federal court, last known residences in California, claiming they defrauded people of $2.3 million in an alleged, unregistered commodities fund.
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