Pump and Dump

Joseph A. Fiore, 58, of Bronxville made $11.5 million through a pump-and-dump scheme in (nonparty) Plandai Technology shares, executed through his co-defendant companies Berkshire Capital Management Company and Eat at Joes’s nka SPYR, the SEC claims in federal court.

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Justices Clarify Limit on Successive Class Actions

The U.S. Supreme Court on Monday placed a new limit on plaintiffs filing successive class actions, holding that tolling provisions established by its 1974 decision in American Pipe v. Utah don’t extend to individual class members who want to file a new class action, for additional parties, after the statutory deadline for doing so.

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