Marketing Firm InnerWorkings Hit With Class Action Over Financial Restatements
(CN) – Investors claim in a class action that marketing firm InnerWorkings filed false statements with the Securities and Exchange
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Shareholder Class Action
$80 Million Deal for Yahoo Investors Over Data Breaches OK’d
Yahoo investors claiming they lost millions after a series of massive data breaches will get $80 million under a settlement approved by a federal judge late Wednesday.
Read moreWells Fargo to Settle Shareholder Spat for $480 Million
Wells Fargo has announced it will pay shareholders $480 million to settle claims related to its phony accounts scandal.
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Investors Sue Live Nation Over Alleged Violations of DOJ Decree
Investors claim in a class action that Live Nation Entertainment Inc. failed to abide by the terms of a deal with the U.S. Department of Justice to prevent the ticket giant’s monopolization of the live music promotion and ticketing market.
Read more$9.5 Billion Oil Merger
Directors are selling RSP Permian too cheaply through an unfair process to Concho Resources, in a 1 RSP share for 0.32 Concho share swap, valued at $9.5 billion, shareholders say in a federal class action.
Read moreTech Merger
Directors are selling the semiconductor manufacturer Microsemi Corp. too cheaply through an unfair process, for $68.78 a share or $8.4 billion, shareholders claim in a federal class action.
Read moreCryptocurrency Fallout
Longfin shares dropped by 86 percent on April 3, from $71.10 per share in late March, after the company announced that its acquisition of cryptocurrency lender Ziddu.com spurred a regulatory investigation that led to a court-imposed freeze on $27 million in illicit trading proceeds, investors claim in a federal class action.
Read more$6.5 Billion Merger
Shareholders say directors are selling Mulesoft too cheaply through an unfair process to Salesforce.com, for $36 plus 0.071 shares of Salesforce.com per Mulesoft share, or $6.5 billion, in a federal class action.
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Six Months Later, Class Claims Chinese Lender’s IPO a Bust
China-based lending company Qudian Inc. allegedly duped investors into buying into the company’s initial public offering last year through false statements filed with the Securities Exchange Commission.
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Shareholders Slam Facebook in Wake of Data Breach Scandal
Shareholders filed a class action against Facebook after revelations about the Cambridge Analytica data breach scandal accusing the social media giant of allowing third parties to access the personal information of millions of users without their consent, sending stock prices tumbling.
Read moreInvestors Sue Facebook Over Data-Mining Scandal
As Facebook grapples with the fallout from recent revelations of data mining for President Donald Trump’s campaign in the 2016 election, shareholders on Tuesday sued the social media giant over the news and resulting decline in stock price.
Read moreKagan Defends Securities Class Actions in State Courts
Telecommunications company Cyan failed Tuesday to have the U.S. Supreme Court quash a securities class action it faces in California.
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Ubiquiti Networks Stock Price Hammered on News of SEC Probe, Class Claims
Shareholders are suing Ubiquiti Networks Inc. for allegedly misrepresenting the company’s financial condition, causing Ubiquiti stock to trade at artificially inflated prices.
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Intel Investors Question Timing of CEO’s Share Sales
Intel shareholders claim in a federal class action that CEO Brian Krzanich knew of the cybersecurity flaws with Intel’s microprocessor chips before the public was informed and sold $39 million in stock at an inflated price.
Read moreShareholder Class Action
Blackhawk Network Holdings shareholders say directors are selling the financial-technology company too cheaply through an unfair process to Silver Lake Partners, for $45.25 a share or $3.5 billion, in three similar federal class actions.
Read moreVW Scores Win in Emissions Cheating Securities Suit
Major investors must prove they relied on Volkswagen’s alleged misstatements in order to hold the company liable for securities fraud related to its emissions cheating scandal, a federal judge ruled Friday.
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Investors Fight $2.8 Billion Merger of Gaming Companies
Investors filed a class action against gaming company Pinnacle Entertainment as it’s set to be acquired by Penn National Gaming Inc. for $2.8 billion.
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