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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

IndyMac CEO Michael Perry and CFO Scott Keys artificially inflated share prices before the bank went under by lying about the bank's exposure to subprime mortgages losses, shareholders claim in Los Angeles Federal Court.

ImClone directors put the interest of Bristol-Myers Squibb ahead of those of its own shareholders, a class action claims in New York County Supreme Court.

International Rectifier Corp.'s directors inflated the company's profitability and reaped more than $42 million through insider trading, shareholders claim in Los Angeles Superior Court.

Alan Harris of Marris McCully Associates used company money to pay for personal expenses, including a condominium in Florida, Jane Hamara claims in a shareholder derivative complaint in New York County Supreme Court.

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