Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Sunday, June 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Sue Superior Offshore

HOUSTON (CN) - Merill Lynch and JP Morgan have been sued in a class action over their role in underwriting a stock offering for Superior Offshore International, a company that reaped $49 million in unjust profits by dumping 11 million shares at prices inflated by their failure to reveal the company's declining financial prospects, shareholders claim in Federal Court.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...