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.
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Essendant Inc. faces a class action from investors after terminating a merger agreement with Genuine Parts Co. in favour of an offer from Staples.
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(CN) – Shareholders claim in a class action that the acquisition of Sprint by rival T-Mobile for an estimated $59
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(CN) – Investors claim in a class action that Skechers USA’s stock price was artificially inflated for the personal gain
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(CN) – Philip Morris executives sold off millions of dollars stock while withholding information about the company’s stagnant sales, investors
Read moreWhole 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.
Read moreTwo 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.
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(CN) – Medical device maker Nevro Corp. faces a shareholder class action after the company was allegedly caught stealing trade
Read moreThe Eighth Circuit ruled Thursday that the federal government’s diversion of Fannie Mae and Freddie Mac profits to the U.S. Treasury Department after the 2008 housing collapse did not illegally shortchange shareholders.
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(CN) – In an effort to stop the acquisition of IT services provider Syntel Inc. by France’s Atos, investors filed
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(CN) – Helios and Matheson Analytics Inc., the majority owner of popular theater service MoviePass, faces a class action by
Read more(CN) – The U.S. Department of Justice reached a record settlement of $4.9 billion with the Royal Bank of Scotland for “financial-crisis era mismanagement.”
Read more(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
Read moreRite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote.
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(CN) – On top of multi-million dollar settlements ordered against hazardous waste management company Stericycle Inc., a shareholder derivative accuses
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(CN) – A shareholder derivative lawsuit claims Tetraphase Pharmaceuticals Inc. defrauded investors by making false claims about the progress of an
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(CN) – A federal judge in Delaware granted Twitter a motion to stay a consolidated shareholder derivative action, which accuses the company’s directors of concealing information about sluggish growth.
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(CN) – Shareholders claim in a class action that Ripple Labs Inc. and its subsidiary, XRP II LLP, sold unregistered
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(CN) – A shareholder derivative action says Genocea BioSciences exaggerated the viability of a herpes drug while the company lacked
Read moreFujifilm is blaming the collapse of its merger with print and copy giant Xerox on the whims of activist investors Darwin Deason and Carl Icahn and has asked a court to award it more than $1 billion in damages.
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