Foreign Bribery
A federal judge certified a class of Och-Ziff Capital Management Group shareholders who claim the company “misrepresented the impact of a federal investigation into its bribery of African officials.”
Read moreShareholder Class Action
Skechers USA Growth Was ‘Illusory’ and ‘Not Sustainable,’ Class Claims
(CN) – Investors claim in a class action that Skechers USA’s stock price was artificially inflated for the personal gain
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Class Claims ‘Rosy Statements’ Preceded Massive Philip Morris Stock Price Drop
(CN) – Philip Morris executives sold off millions of dollars stock while withholding information about the company’s stagnant sales, investors
Read moreShareholder Class Action
A class of Tribune Media shareholders filed a lawsuit over the company’s failed effort to merge with Sinclair Broadcasting, claiming stock prices fell $6.44 per share when it was revealed that Tribune knew Sinclair was refusing to sell TV stations as part of the regulatory approval process.
Read moreQVC Class Action
Shareholders claim in a federal class action that Qurate Retail, parent company of QVC, and its top officials misrepresented declining sales and the reasons for it, while the share price dropped by 25 percent in a single month in 2016, from $26.30 to $19.59.
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Investors File Class Action Against Cronos Group on Eve of Pot Legalization in Canada
(CN) – Canadian cannabis company Cronos Group Inc. has been hit by an investor class action, alleging it artificially inflated
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SuperValu Shareholders Sue to Block $2.9B Buyout
(CN) – SuperValu Inc. shareholders filed a class action challenging United Natural Foods’ plan to buy the grocery chain for
Read moreTesla Suit Dismissed
Shareholders must amend a class action accusing Tesla of misleading the public about production of its Model 3, a federal judge ruled, finding that failure to meet production goals by itself is not actionable.
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Shareholders Sue Nevro Amid Patent Infringement Claims by Boston Scientific
(CN) – Medical device maker Nevro Corp. faces a shareholder class action after the company was allegedly caught stealing trade
Read moreMoonves Fallout
Blaming CBS for a 6 percent stock drop, a shareholder claims in a federal class action that the company concealed details about the widespread workplace sexual harassment committed by CEO Les Moonves.
Read moreShareholder Class Action
The Vladimir Gusinsky Rev. Trust is lead plaintiff in a federal shareholder class action against directors who are selling Supervalu supermarkets to United Natural Foods for $32.50 a share or $2.9 billion.
Read moreShareholder Class Action
Shareholders say in a federal class action that directors are selling KapStone Paper and Packaging too cheaply through an unfair process to WestRock Co./Whiskey Holdco, for $35 a share, or 0.4981 shares of Holdco, in a $4.9 billion deal.
Read more$19 Billion Tech Merger
Directors are selling CA Inc. too cheaply through an unfair process to Broadcom, for $44.50 a share or $18.9 billion, shareholders of the software company say in a federal class action.
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Syntel Shareholders Sue to Block Acquisition by French Firm
(CN) – In an effort to stop the acquisition of IT services provider Syntel Inc. by France’s Atos, investors filed
Read moreShareholder Class Action
In a federal class action, shareholders say directors of Syntel are selling the tech-service company too cheaply through an unfair process to Atos S.E. and Green Merger for $41 a share, or $3.6 billion — a deal from which the defendant husband and wife founders will realize personal profits of $2.1 billion.
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Class Claims MoviePass Owner Misrepresented Prospects Before Massive Stock Plunge
(CN) – Helios and Matheson Analytics Inc., the majority owner of popular theater service MoviePass, faces a class action by
Read moreFifth Circuit Delivers Partial Victory to Class in Securities Fraud Case Against Hanger Inc.
(CN) – Shareholders scored a partial victory on appeal of a previously dismissed securities fraud complaint against medical service provider Hanger Inc. and its former CFO George McHe
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