Uber Shares Hover Near Low as Investors Sue Post-IPO

Shareholders claim in a class action that in the lead-up to its initial public offering, Uber Technologies Inc. failed to warn investors about “rapidly increasing subsidies for customer rides and meals in a bid for market share” while “at the same time, cutting (or planning to cut) costs in key areas that undermined Uber’s central growth opportunities.”

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DuPont Spinoff

A union pension fund claims in a shareholder class action that Chemours “concealed the true extent of the massive environmental liabilities the company incurred from decades of producing and releasing a variety of chemicals that have been linked to cancer and other serious health consequences by DuPont, Chemours’ former parent company prior to its spinoff, and by Chemours itself,” in federal court.

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Vape Supplier’s Stock Tanked as City Bans Took Hold, Class Claims

Greenlane Holdings, one of North America’s largest sellers of cannabis accessories and liquid nicotine products, has been hit with a securities class action alleging the company and underwriters misled the public about its April 2019 initial public offering by withholding crucial information about a key supplier.

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