Shareholder Class Action

     National City Corp. executives are granting themselves more than $41 million in golden parachutes in selling the company too cheaply to The PNC Financial Services Group – for $5.2 billion, or $2.23 a share – shareholders say in Delaware Chancery Court.

     
     Medicis Pharmaceutical Group and its directed inflated share price through false and misleading statements, shareholders claim in Phoenix Federal Court.
     
     Elan Corp. inflated the price of its securities through false and misleading statements, shareholders claim in Manhattan Federal Court.
     
     AIG and the major investment banks are accused of inflating the price of AIG securities through false and misleading statements, in a class action in Manhattan Federal Court.
     
     Shareholders claim four top officers of e-Smart Technologies breached fiduciary duties by wasting, diverting and misappropriating corporate assets, in Manhattan Federal Court.

%d bloggers like this: