Shareholder Class Action

     Noven Pharmaceuticals is selling itself too cheaply to Hisamitsu Pharmaceutical Co., for $428 million or $16.50 a share, shareholders say in Delaware Chancery Court.
     Comtech Telecommunications inflated its share price through false and misleading statements, shareholders claim in Brooklyn Federal Court.
     Smith Investment Co. did shareholders out of millions of dollars by, among other things, creating the Smith Investment Co. aka SPINCO, shareholders say in Milwaukee Federal Court.

     Skilled Healthcare Group and its underwriters inflated the share price during its IPO through false and misleading statements, a class action claims in Los Angeles Federal Court. Defendants include Skilled Healthcare Group, Boyd Hendrickson, John King, Devasis Ghose, Credit Suisse Securities, Banc of America Securities, Goldman Sachs & Co., JP Morgan Securities, The Bear Stearns Companies, RBC Capital Markets, and Scotia Capital (USA).

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