shareholders Archives

SEC Claims Corinthian Colleges Fudged Numbers to Access Student Loan Funds

February 28, 2019February 28, 2019 NICKEESHA SWABY

Securities and Exchange Commission, shareholders, slr2, student loans

(CN) – The Securities Exchange Commission claims in court that now-defunct Corinthian Colleges Inc. incurred unnecessary long-term debt in order

Business Entertainment Financial Media Securities Technology

Delaware Court Sides with Viacom in Post-Merger Earn-Out Payments Dispute with Harmonix Shareholders

February 28, 2019February 28, 2019 LEVI LASS

shareholders, slr, video games

(CN) – The Delaware Superior Court ruled in favor of media giant Viacom after former shareholders of Harmonix Music Systems, a video game company, filed suit following Viacom’s acquisition of the game developer in 2006.

Business Economy Environment Financial Government International Securities

Chemical Maker Downplayed Massive Damage at Facility Before IPO, Investors Claim

February 21, 2019February 21, 2019 NICKEESHA SWABY

Shareholder Class Action, shareholders, slr2

(CN) – Shareholders claim in a class action that a fire ravaged one of Venator Material’s overseas facilities beyond repair

Appeals Business Energy Securities

Oil Pipeline Firm Tells Investors Spills Happen

February 6, 2019February 7, 2019 SABRINA CANFIELD

Fifth Circuit, investors, Oil and gas, Pipeline, shareholders

A federal judge in Houston was correct to call pipeline spills unremarkable and investors should take them as no surprise either, an attorney for a pipeline company told a Fifth Circuit panel Wednesday.

Uncategorized

Dell Shareholders Blast Board Over ‘Unfair and Coerced’ Deal to Retire Class V Shares

January 29, 2019January 29, 2019 LEVI LASS

mergers & acquisitions, Shareholder Class Action, shareholders, slr2

Dell Technologies Inc. faces a shareholder class action challenging an allegedly “unfair and coerced transfer of at least $10 billion

Business Consumers Employment Financial Politics Securities Sports

Papa John’s Founder and Major Shareholder Granted Access to Company Docs After Resignation Controversy

January 22, 2019January 22, 2019 LEVI LASS

Shareholder derivative, shareholders, slr

A Delaware judge sided with Papa John’s founder and former chairman John Schnatter, granting him access to company documents he has been requesting since his resignation.

Business Consumers Financial Government Securities

Allegiant Travel’s Legal Woes Mount Over Allegations of Putting Profits Above Safety

December 5, 2018 LEVI LASS

airlines, Aviation, insider trading, Shareholder derivative, shareholders, slr2

Investors claim in a stockholder derivative complaint against Allegiant Travel Company that the airline dangerously prioritized profit over safety while

Business Consumers Financial Securities

Campbell Soup Co. Hit With Class Action as ‘Fresh’ Division Losses Mount

December 3, 2018December 5, 2018 LEVI LASS

food, retail, Shareholder Class Action, shareholders, slr2

Campbell Soup Company is facing a shareholder class action after the company racked up millions in operating losses in its

Business Consumers Financial Government Securities Technology

Derivative Action Slams Symantec for Improper Revenue Reporting to Enrich Execs

November 27, 2018November 28, 2018 NICKEESHA SWABY

cybersecurity, SEC, Shareholder derivative, shareholders, slr2

Cybersecurity provider Symantec Corp. manipulated the company’s financial results and made false statements to investors until news of an Securities

Appeals Business Courts Economy Financial Government Securities

Fannie, Freddie Shareholder Suit Faces En Banc Review

November 21, 2018November 26, 2018 NICK MCCANN

2008 financial crisis, en banc, Fannie Mae, Fifth Circuit, Freddie Mac, shareholders, slr1, Steven Mnuchin, U.S. Treasury Department

The Fifth Circuit Court of Appeals agreed to rehear an action by Fannie Mae and Freddie Mac shareholders after a divided three-judge panel concluded that the Federal Housing Finance Agency (FHFA) was unconstitutional.

Business Consumers Financial Government International Securities Technology

Multinational Telecom Firm Altice Touted Pre-IPO ‘Strength’ While Tanking in Biggest Markets, Class Claims

November 8, 2018 NICKEESHA SWABY

Shareholder Class Action, shareholders, slr2, telecommunications

Shareholders are suing communications company Altice USA after the company’s June 2017 initial public offering documents touted the company’s “competitive

Business Consumers Financial Government Health International Securities Technology

Canadian Cannabis Company Faces Class Action After Damning Research Report Calls US Listing Plan ‘Fake’

October 30, 2018October 31, 2018 NICKEESHA SWABY

Canada, investors, marijuana, Shareholder Class Action, shareholders, slr2

(CN) – Investors claim in a class action that Toronto-based e-commerce cannabis company Namaste Technologies misled shareholders about the sale

Business Consumers Courts Criminal Financial Government Health National Science Securities Technology

9th Circuit Upholds SEC Summary Judgment Against Convicted Heart Tronics Fraudster

October 16, 2018October 17, 2018 LEVI LASS

investors, Ninth Circuit, SEC, shareholders, slr

The 9th Circuit sided with the Securities Exchange Commission in an action against Heart Tronics Inc. and attorney Mitchell Stein, who fraudulently inflated the company’s stock price while working as its outside counsel.

Business Consumers Financial Government National Securities

Investors Sue After Essendant Spurns Merger in Favor of Staples Deal

October 11, 2018October 12, 2018 NICKEESHA SWABY

investors, mergers & acquisitions, SEC, Shareholder Class Action, shareholders, slr2

Essendant Inc. faces a class action from investors after terminating a merger agreement with Genuine Parts Co. in favour of an offer from Staples.

Business Consumers Education Financial Government Securities Technology

Sprint Shareholders Sue for More Info on $59 Billion T-Mobile Deal

October 10, 2018October 11, 2018 NICKEESHA SWABY

antitrust, investors, mergers & acquisitions, SEC, Shareholder Class Action, shareholders, slr2, telecommunications

(CN) – Shareholders claim in a class action that the acquisition of Sprint by rival T-Mobile for an estimated $59

Business Consumers Financial International National Securities

Skechers USA Growth Was ‘Illusory’ and ‘Not Sustainable,’ Class Claims

September 11, 2018September 12, 2018 NICKEESHA SWABY

apparel, retail, Shareholder Class Action, shareholders, slr2

(CN) – Investors claim in a class action that Skechers USA’s stock price was artificially inflated for the personal gain

Business Consumers Financial Health International Science Securities Technology

Class Claims ‘Rosy Statements’ Preceded Massive Philip Morris Stock Price Drop

September 10, 2018 NICKEESHA SWABY

Shareholder Class Action, shareholders, slr2, Tobacco

(CN) – Philip Morris executives sold off millions of dollars stock while withholding information about the company’s stagnant sales, investors

Appeals Business Financial Securities

Fifth Circuit Mulls Whole Foods Overpricing Claims

September 6, 2018September 7, 2018 CAMERON LANGFORD

Class Action, Fifth Circuit, Fraud, retail, shareholders, supermarkets

Whole Foods Market investors urged the Fifth Circuit on Thursday to revive their securities fraud class action accusing the grocer of inflating its share price by counting revenue from mislabeled and overpriced products.

Business

Hotel Heist

August 30, 2018 BRIEF

Brief1, contract, hotels, NYC, property, Real Estate, shareholders

Two months after accusing Sahara US of breaching a contract to sell it majority shares in The Plaza on Fifth Avenue and the The Dream Hotel Downtown, United Capital Real Estate Development Corp. wants a restraining order to keep Q Hotel New York from swooping in on the deal.