Directors of Sprint Nextel artificially inflated the value of company stock by issuing false financial statements about the Sprint-Nextel merger that "turned out to be a disaster," shareholders claim in Kansas City Federal Court.
A shareholder derivative complaint in Los Angeles Federal Court accuses Basin Water directors of insider trading after they artificially boosted the value of company stock through false and misleading financial statements.
Schering-Plough entered into a proposed merger with Merck & Co. that sells shareholders short, a class action claims in Newark Federal Court.
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