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.
Read moreThe Supreme Court took up a case Monday where an investment broker was held liable for misstatements that his boss ordered him to make to potential investors.
Read moreJoan Dangerfield, Rodney Dangerfield’s widow, claims a live entertainment company for which she was the sole female board member wiped out her $3.9 million investment when other board members lied to her and concealed information, according to a fraud lawsuit filed in Los Angeles County Superior Court.
Read moreShareholders say in a federal class action that directors are selling Financial Engines (financial advisers) too cheaply through an unfair process to (nonparties) Hellman & Friedman/Edelman Financial Services, for $45 a share or $3 billion.
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(CN) – Shareholders launched a securities class action against FAT Brands Inc., claiming the company misrepresented the financial strength of
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(CN) – A proposed class action against Raymond James & Associates claiming the company kept profits from processing fees is not precluded by federal law, the 11th Circuit ruled.
Read moreShareholders claim in a federal class action that the price of PG&E stock fell from $44.66 to $42.34 this spring after Cal Fire officials found PG&E responsible for eight of the 12 deadly North Bay wildfires that burned 245,000 acres in October 2017.
Read moreMerrill, Lynch, Pierce, Fenner & Smith will pay $15.7 million — $10.5 million to customers and $5.2 million in penalties — for misleading customers into overpaying for residential mortgage-backed securities, the SEC said Tuesday.
Read moreThe 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.
Read moreShareholders say in a federal class action that directors are selling RPX Corp., a provider of patent-risk and discovery-management solutions, too cheaply through an unfair process to the private-equity firm HGGC LLC, for $10.50 a share or $555 million.
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(CN) – Verifone Systems’ plan to take the company private in a deal valued at $3.4 billion spurred a class
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(CN) – British software firm Micro Focus International overstated the benefits of a proposed merger with Hewlett Packard spinoff HPE
Read moreRecidivist securities fraudster Ralph T. Iannelli, of Santa Barbara, ran an $80 million fraud through his equipment leasing company, Essex Capital Corp., the SEC says in a federal complaint.
Read moreDirectors are selling Armo Biosciences too cheaply through an unfair process to Eli Lilly, for $50 a share or $1.6 billion, shareholders say in a federal class action.
Read moreLongfin shares crashed from $71.10 to $5.05 this year, and the cryptocurrency was booted from the NASDAQ, shareholders claim in a federal class action.
Read moreShareholders say in a federal class action that directors are selling Orbotech too cheaply through an unfair process to KLA-Tencor Corp., for $38.86 a share plus ¼ of a share of Tencor for each Orbotech share, a $3.4 billion merger.
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(CN) – A derivative action brought against General Electric accuses the company of delaying updating the company’s risk assessments of
Read moreNew York-based investments adviser DeVere USA will pay $8 million to settle SEC charges of failing to disclose conflicts of interest to its clients, the SEC said Monday. The SEC filed separate charges in New York against CEO Benjamin Alderson and a manager.
Read moreArrested in California before being charged in New York, a Goldman Sachs vice president faces civil and criminal accusations that he had a dirty dozen of companies whose nonpublic information he traded.
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