Friday, September 22, 2023
Courthouse News Service
Friday, September 22, 2023 | Back issues
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Shareholder Class Action

LOS ANGELES - Uti Worldwide, a freight shipper, goosed its share price by concealing its problems, and the share price dropped by nearly 30 percent when the truth came out and the company diluted its shares with a $500 million secondary offering, shareholders claim in Federal Court.

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