Directors of National City Corp. dumped $31 million of their shares at artificially inflated prices while issuing false and misleading statements about the company's exposure to sub-prime mortgage defaults, and directing the company to repurchase $3.4 billion of its own shares, shareholders claim in Cuyahoga County Court, Cleveland.
Shareholders claim Arbitron inflated its share price through false and misleading statements, in Manhattan Federal Court.
Shareholders of AirNet Systems sued in Franklin County Court, Columbus, Ohio, to try to stop AirNet's merger with Bayside Capital.
Shareholders claim Tetra Technologies, of The Woodlands, Texas, inflated its share price by failing to disclose performance problems in its oil and gas operations, in Houston Federal Court.
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