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Tuesday, July 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Class Action

Shareholders accuse Bear Stearns Asset Management of defrauding them of hundreds of millions of dollars through two collapsed hedge funds, "Bear Stearns High-Grade Structured Credit Strategies," and the "Partnership." Also sued in Manhattan Federal Court are Ralph Cioffi, Raymond McGarrigal, and Matthew Tannin.

Shareholders accuse Focus Media Holding Ltd. of inflating share price through false and misleading statements. Also sued in Manhattan Federal Court are Jason Jiang, Daniel Wu, Citigroup Global Markets, Credit Suisse Securities LLC, and Merrill Lynch & Co.

Shareholders accuse directors of Grant Prideco of fixing to cheat them by selling out too cheaply to National Oilwell Varco for directors' personal enrichment. Also sued in Harris County Court, Houston, are David Butters, Eliot Fried, Gordon Hall, Dennis Hendrix, Harold Layman, Michael McShane, Robert Moses, Joseph Reid, and David Trice.

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