In a federal class action, shareholders say directors of Syntel are selling the tech-service company too cheaply through an unfair process to Atos S.E. and Green Merger for $41 a share, or $3.6 billion — a deal from which the defendant husband and wife founders will realize personal profits of $2.1 billion.
Read moreCitigroup and Citigroup Global Markets reached a $10.5 million settlement with the SEC on Thursday regarding allegations about the bank’s failing to supervise traders, poor accounting controls, and books and records violations.
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(CN) – Helios and Matheson Analytics Inc., the majority owner of popular theater service MoviePass, faces a class action by
Read moreThe SEC accused RMR Asset Management Co., its president Ralph M. Riccardi of Chula Vista and 12 RMR employees of making millions of dollars through illegal bond flipping: buying new-issue municipal bonds and then flipping them to their own broker-dealers for a commission and resale, in San Diego Federal Court.
Read more(CN) – The U.S. Department of Justice reached a record settlement of $4.9 billion with the Royal Bank of Scotland for “financial-crisis era mismanagement.”
Read more(CN) – Shareholders scored a partial victory on appeal of a previously dismissed securities fraud complaint against medical service provider Hanger Inc. and its former CFO George McHe
Read moreRite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote.
Read moreNew York Republican Congressman and early Trump supporter Chris Collins was charged Wednesday with securities fraud, wire fraud and false statements.
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(CN) – On top of multi-million dollar settlements ordered against hazardous waste management company Stericycle Inc., a shareholder derivative accuses
Read moreIn a case involving novel issues of whether digital currency investments are subject to U.S. securities laws, a federal judge on Tuesday advanced a class action against a husband and wife team that raised $232 million for a new cryptocurrency.
Read moreA hyper-aggressive campaign by Insys Therapeutics directors to get doctors to push Subsys, a fentanyl sublingual spray, for off-label uses, caused the share price to plummet by 75 percent, shareholders say in a federal class action.
Read moreThe Justice Department argued to the D.C. Circuit Monday that the judge who approved the $85 billion AT&T-Time Warner merger back in June relied on faulty logic.
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(CN) – A shareholder derivative lawsuit claims Tetraphase Pharmaceuticals Inc. defrauded investors by making false claims about the progress of an
Read moreIn an unpublished memorandum issued Thursday, a Ninth Circuit panel ruled Sinclair Oil can pursue antitrust claims against three natural gas traders over price manipulations during the 2000-2002 energy crisis because a New York class action settlement only involved market trades, not direct purchasers like Sinclair.
Read moreWading into uncharted territory, a federal judge hinted Wednesday that he may advance a class action seeking to hold the creators of a new cryptocurrency liable for violating U.S. securities laws.
Read moreThe share price of Stericycle dropped from $149 to $120.31 in a single day after the company’s false and misleading statements were revealed, shareholders of the medical waste disposal company say in a federal derivative complaint.
Read moreDirectors are selling Cotiviti Holdings too cheaply through an unfair process to Verscend Technologies, for $44.75 per share or $4.9 billion, shareholders of the tech company say in a federal class action.
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