As part of the bankruptcy process, the Chapter 7 trustee filed
an action against the investors and sought to void their purchase.
Not exact matches
A respected presence also safeguards
against competition from late
investors who want a piece of the
action once the country stabilizes.
CELGENE SHAREHOLDER ALERT: CLAIMSFILER REMINDS
INVESTORS WITH LOSSES IN EXCESS OF $ 100,000 of Lead Plaintiff Deadline in Class
Action Lawsuit
Against Celgene Corporation - CELG
The class
action, filed in United States District Court, Southern District of New York, and docketed under 18 - cv - 02213, is on behalf of a class consisting of
investors who purchased or otherwise acquired BRF American Depositary Receipts («ADRs») between April 4, 2013 and March 2, 2018, both dates inclusive (the «Class Period»), seeking to recover damages caused by Defendants» violations of the federal securities laws and to pursue remedies under Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (the «Exchange Act») and Rule 10b - 5 promulgated thereunder,
against the Company and certain of its top officials.
The class
action, filed in United States District Court, for the District of Illinois, Eastern Division, is on behalf of a class consisting of
investors who purchased or otherwise acquired Akorn's securities between March 1, 2017 through February 26, 2018, both dates inclusive (the «Class Period»), seeking to recover damages caused by defendants» violations of the federal securities laws and to pursue remedies under Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b - 5 promulgated thereunder,
against the Company and certain of its top officials.
Bitcoin
investors are on alert to see whether Beijing will take further
action against cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of computers.
LONDON, April 11 - The U.S. dollar slipped to a two - week low
against a basket of currencies on Wednesday as trade war fears receded but uncertainty over possible Western military
action against Syria bred risk aversion among some
investors.
(New throughout, updates prices, market activity and comments; adds second byline and NEW YORK dateline) NEW YORK / LONDON, April 10 (Reuters)- Gold prices rose on Tuesday, hitting their highest in nearly a week as the U.S. dollar weakened and
investors awaited potential U.S.
action against suspected use of chemical weapons in Syria.
NEW YORK / LONDON, April 10 - Gold prices rose on Tuesday, hitting their highest in nearly a week as the U.S. dollar weakened and
investors awaited potential U.S.
action against suspected use of chemical weapons in Syria.
This month,
investors filed a class
action lawsuit
against Stratasys.
Pomerantz is co-lead counsel in a securities class
action against international pharmaceutical company Perrigo plc concerning allegations related to the company misleading
investors as to its revenue growth potential in order to encourage them to reject a tender offer by Mylan N.V.
In a statement shortly after he sued JPMorgan Chase, Mr. Schneiderman said the lawsuit was a template «for future
actions against issuers of residential mortgage - backed securities that defrauded
investors and cost millions of Americans their homes.»
The Department concluded that prompt
action was needed to protect
against this
investor confusion and uncertainty, and to ensure that the Rule and PTEs did not become temporarily applicable.
The SEC promotes full public disclosure, protects
investors against fraudulent and manipulative practices in the market, and monitors corporate takeover
actions in the United States.
In Lavender v. Miller Bernstein, Justice Edward Belobaba sided with
investors who brought a class
action lawsuit
against an accounting firm that had audited a now - defunct securities dealer, Buckingham Securities.
LONDON, April 11 Renewed caution among
investors dented Britain's top share index on Wednesday as Western forces discussed possible military
action against Syria, although strong results from Tesco pushed its shares higher.
On March 4, 2013, Shkreli sent Steven Rosenfeld, an MSMB Healthcare
investor, an email stating: «Ron Tilles informed me you're considering legal
action against our company.
The cryptocurrency market has also entered a period of uncertainty, as
investors continue to fret about possible regulatory
action against digital currency exchanges.
For example, the
actions against Yukos and Khodorkovsky should be an
investor red flag about Russia's commitment to rule of law and protection of shareholder and
investor rights.
For recent insight from Powers and Kornfeld, see ««Gatekeeper»
Actions by the SEC and
Investors Against Administrators Challenge Private Fund Industry» (Sep. 8, 2016); and «A New Look at an Old Standard: The Power of Minority Bondholders Under the Trust Indenture Act» (Mar. 5, 2015).
Investors claimed it involved insider information, giving the company's internal staff an advantage over them and leading to class -
action lawsuits
against the exchange.
NEW ORLEANS, April 20, 2018 (GLOBE NEWSWIRE)-- Kahn Swick & Foti, LLC («KSF») and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until May 8, 2018 to file lead plaintiff applications in a securities class
action lawsuit
against Foot Locker, Inc. (NYSE: FL), if they purchased the Company's shares between August 19, 2016 and August 17, 2017, inclusive (the «Class Period»).
NEW ORLEANS, April 20, 2018 (GLOBE NEWSWIRE)-- Kahn Swick & Foti, LLC («KSF») and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until May 7, 2018 to file lead plaintiff applications in a securities class
action lawsuit
against Henry Schein, Inc. (NasdaqGS: HSIC), if they purchased the Company's securities between March 7, 2013 and February 12, 2018, inclusive (the «Class Period»).
NEW ORLEANS, April 20, 2018 (GLOBE NEWSWIRE)-- Kahn Swick & Foti, LLC («KSF») and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until May 4, 2018 to file lead plaintiff applications in a securities class
action lawsuit
against Atlas Financial Holdings, Inc. (NasdaqGM: AFH), if they purchased the Company's securities between March 13, 2017, and March 2, 2018, inclusive (the «Class Period»).
Just as traders and
investors in the financial markets are warned
against overtrading or chasing
action, cold and pragmatic assessment is vital along with resisting the urge to succumb to an itchy trigger finger.
DiNapoli said he will seek to lead the class
action against BP to give the fund and other
investors their best chance at recovering damages sustained from the decline in shareholder value subsequent to the Deepwater Horizon explosion and oil spill.
A class -
action investor lawsuit is also pending
against the company, accusing company leaders of making misleading statements about the performance of schools run by the company.
Retail
investors shouldn't just assume a seal of approval from the SEC because it hasn't brought any
action against a company, for example.
This list of the 10 biggest class
action lawsuits in the world indicates that 8 of the 10 were by
investors against their own company.
The Commission concluded that the directive provides no grounds «to take legal
action against Spain with regard to the legislative changes which affected the level of support given to
investors in renewable energy projects», and the affected
investors were advised to seek judicial review before Spanish courts.
A law designed to make it easier to bring class
action suits
against companies that mislead
investors has all sides frustrated as it faces its first real - world tests.
Meanwhile, in August of 2015, Mr. Paniccia, a retail
investor with a much smaller stake in MDC's common shares, commenced a proposed securities class
action against MDC and certain of its officers in Ontario under Part XXIII.1 of the Ontario Securities Act, R.S.O. 1990, c. S. 5.
In July of 2015, an institutional
investor with a substantial stake in MDC's common shares commenced a proposed securities class
action against MDC and certain of its officers under the U.S. Securities Exchange Act of 1934 and Securities and Exchange Commission («SEC») Rule 10b - 5 in the U.S. District Court for the Southern District of New York (the «U.S. Securities Class Action&ra
action against MDC and certain of its officers under the U.S. Securities Exchange Act of 1934 and Securities and Exchange Commission («SEC») Rule 10b - 5 in the U.S. District Court for the Southern District of New York (the «U.S. Securities Class
Action&ra
Action»).
He engages in a wide range of investment
actions for
investors, lenders and debtors and acts both for and
against financial institutions in disputes with customers, merchants and regulators.
This e-newsletter recently reported that shareholders filed two potential shareholder class
action lawsuits
against Facebook (Pathan, No. 53760 / 12 and Dewhurst, No. 100 S of 2012) in Ontario and Saskatchewan for alleged collusion with bankers leading to
investor losses.
As Lyle Denniston discussed in this analysis at SCOTUSBlog, the 5th Circuit threw out a class
action against various banks and brokerage firms for transactions related to Enron's defrauding of
investors, finding that «the banks and brokerage firms had not engaged in a «deceptive act» under securities fraud law.
Thousands of UK
investors are set to take legal
action against Spanish banks for refusing to return deposits on failed property developments.
Thousands of UK
investors are set to take legal
action against Spanish banks for refusing to return deposits on...
The lawsuit before the Court was a class
action brought by the
investors against the accounting firm.
Representation of hundreds of
investors in complex securities
action involving oil and gas
investor scam resulting in $ 21.5 MM disgorgement order obtained by the Securities and Exchange Commission
against the perpetrators and the
investor clients receiving a collective 60 % interest in the oil and gas company after the perpetrators were removed through successful appointment of a Ch.
The class
action against Royal Bank of Scotland that recently hit the headlines was an interesting case for
investors in more ways than one.
Although both the Kingdom of the Netherlands and ING brought
actions against that new decision, pleading that the Commission had erred in its application of the private
investor test, the parties withdrew their
actions.
BITs provide an additional layer of legal protection by allowing
investors to take legal
action against Zimbabwe where certain rights of an
investor have been infringed.
In 2010, White Industries commenced
action against the Indian government, arguing that the delay violated the guarantee of effective means of enforcing legal rights set out in the bilateral investment treaty between India and Kuwait (and applicable to the Australian
investors through the «most favored nation» treatment conferred under the India - Australia treaty).
aul, Weiss secured an affirmance of the dismissal of a New York state court
action for breach of fiduciary duty
against Silverpeak Real Estate Partners LP, which had been filed by
investors who purchased Lehman real estate assets...
Paul, Weiss secured an affirmance of the dismissal of a New York state court
action for breach of fiduciary duty
against Silverpeak Real Estate Partners LP, which had been filed by
investors who purchased Lehman real estate assets...
Mr. Girard currently serves on the leadership team in the Target and Sony data breach
actions; serves as lead counsel in derivative litigation on behalf of Wal - Mart shareholders arising out of alleged bribery in Mexico, lead counsel for commodities
investors in litigation arising out of the collapse of a commodities futures merchant, and lead counsel in a multi-district «pay for delay» antitrust proceeding
against major pharmaceutical companies.
An
investor has the right to rescind a non-complying transaction under § 12 (a)(1) of the Act, and the S.E.C. is authorized to seek to enjoin the sale and advertising of unregistered securities and to bring an
action for civil penalties
against those who violate § 5.
In July of 2015, an institutional
investor with a substantial stake in MDC's common shares commenced a proposed securities class
action against MDC and certain of its... Read More
The 5 - 3 ruling — with Justice Stephen Breyer recused — said that the private right of
action by
investors against companies allowed by Section 10 (b) of the Securities Exchange Act of 1934 does not extend to third - party vendors and others if
investors did not rely on their statements or representations.