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Monday, December 11, 2023 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

Shareholders accuse Security Capital Assurance of inflating share price through false and misleading statements. Also sued in Manhattan Federal Court are XL Insurance Ltd., Paul Giordano and David Shea.

Shareholders claim Platinum Equity LLC is trying to take co-defendant Covad Communications Group private for the chintzy price of $1.02 per share. Also sued in Delaware Chancery Court are Charles McMinn, Dale Crandall, Diana Leonard, Robert Neumeister, Larry Irving, Richard Jalkut, Daniel Lynch, Blackberry Holding Corp., and Blackberry Merger Corp.

Shareholders claim United Rentals Inc. touted its stock by claiming a merger was in the works, though they knew the deal was falling apart. Also sued in New Haven Federal Court are Wayland R. Hicks, Martin E. Welch, Michael J. Kneeland, Brian D. McCauley, Gerald Tsai, Michael S. Gross, Leon D. Black, Howard L. Clark Singleton McAllister, John S. McKinney, Jenne K. Britell, Keith Wimbush, Roger Schwed, and Jason D. Papastavrou.

Shareholders claim directors of Airmatrix Technologies diverted money from its $40 million sale to Acoba LLC for their own benefit. Also sued in the derivative complaint in St. Louis County Court, Clayton, are Alonzo Aylsworth, Steven Siracusa, Larry Spector, and Thomas Jones.

Shareholders claim directors are selling Grant Prideco too cheaply to National Oilwell Varco, for their own benefit. Also sued in Harris County Court, Houston, are Michael McShane, David Butters, Eliot Fried, Gordon Hall, Dennis Hendrix, Harold Layman, Robert Moses, Joseph Reid, and David Trice.

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