Shareholder Class Action

     Shareholders accuse Lehman Bros., JP Morgan Securities and Citigroup Global Markets of material omissions in selling Fannie Mae shares, which have sunk from $27.50 on May 9 to $11.50 on Friday, in New York County Court.

     Shareholders accuse KFN Financial Holdings and its directors of inflating share price through false and misleading reports in its registration statement and prospectus, in Manhattan Federal Court.
     Shareholders accuse Swabplus and affiliates of breach of fiduciary duty and abuse of control, in Los Angeles Superior Court.
     Semgroup Energy Partners inflated its share price through false and misleading statements, shareholders claim in Manhattan Federal Court. They also sue Citigroup Global Markets and Lehman Bros.

%d bloggers like this: