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Oxfam Moves To Intervene In Suit Against SEC Targeting Disclosure Rule
Case: American Petroleum Institute, et al. v. U.S. Securities and Exchange Commission, No. 12-1668, D. D.C., See November 2012, Page 60....(read more)
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Shareholder Sues Atlantic Power Following Decrease In Dividend
Case: John Dornan v. Atlantic Power Corp., et al., No. 13-10991, D. Mass....(read more)
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Shareholder Says Impax Misled Investors About Manufacturing Problem
Case: Haverhill Retirement System v. Impax Laboratories Inc., et. al., No. 13-1566, N.D. Calif....(read more)
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Shareholders Target BP's Post-Spill 'Campaign Of Deceit'
Case: New York City Employees' Retirement System, et al. v. BP p.l.c., et al., No. 13-2551, S.D. N.Y....(read more)
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Shareholder Challenges American Greetings Going-Private Deal
Case: R. David Wolfe v. Morry Weiss, et al., No. 13-0859, N.D. Ohio....(read more)
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OfficeMax Shareholder Says Proposed Sale Price Is 'Grossly Inadequate'
Case: Eric Hollander v. OfficeMax Inc., et al., No. 13-03330, N.D. Ill....(read more)
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Judge Trims Claims In Grocery Store Chain Securities Class Action
NEWARK, N.J. - A federal judge in New Jersey on April 30 trimmed federal securities law claims brought by lead plaintiffs in a securities class action lawsuit who allege that a grocery store chain and...
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Bank Of America To Pay $1.7B To Settle Mortgage- Backed Securities Claims
NEW YORK - Bank of America Corp. (BoA) will pay nearly $1.7 billion to MBIA Inc. and certain of its subsidiaries to settle claims in New York State court that BoA misrepresented the investment quality...
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2nd Circuit: Court Erred In Denying Remand To State Court In Securities Suit
NEW YORK - A federal district court erred in denying American International Group Inc.'s motion to remand a complaint filed against Bank of America Corp., certain of its subsidiaries and others under...
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Plaintiffs Seek Approval Of $153M Securities Settlement With Fannie Mae, KPMG
WASHINGTON, D.C. - Lead plaintiffs in a securities class action lawsuit against Fannie Mae and accounting firm KPMG LLP on May 7 asked a federal judge to approve a $153 million settlement that would...
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SEC Reaches Settlement With City Over Federal Securities Law Violations
WASHINGTON, D.C. - The Securities and Exchange Commission and the City of Harrisburg, Pa., have agreed to a cease-and-desist order preventing the city from continuing its violation of federal...
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Judge Dismisses Securities Class Action Lawsuit With Prejudice
OAKLAND, Calif. - Lead plaintiffs and defendants in a securities class action accusing the defendants of misrepresenting an information technology company's business and financial condition in...
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Securities Claims Dismissed For Failure To Plead Material Misrepresentation
CHICAGO - A lead plaintiff in a securities class action lawsuit against a gaming machine manufacturer and distributor and certain of its executive officers has failed to plead a material...
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Judge: Shareholders Failed To Plead Any Of Their Federal Securities Law Claims
SAN FRANCISCO - Shareholders in a securities class action have failed to plead any of their federal securities law claims in connection with a biotechnology company's alleged issuance of...
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Lead Plaintiffs Pleaded Scienter, Loss Causation In Securities Suit, Judge Rules
ST. LOUIS - Lead plaintiffs in a securities class action against a drug company and certain of its current and former executive officers have properly pleaded scienter and loss causation in making...
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2nd Circuit Panel Affirms Dismissal Of Market Manipulation Claim
NEW YORK - A split Second Circuit U.S. Court of Appeals panel on May 7 affirmed in part a federal district court's ruling dismissing federal securities law claims against a defendant in a market...
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2nd Circuit Affirms Court's Ruling On Most Claims In Market Manipulation Suit
NEW YORK - A federal judge did not err in dismissing state and federal securities law claims against a majority of defendants in a market manipulation scheme lawsuit, but erred in dismissing the state...
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2nd Circuit Overturns Portion Of Its Opinion In SEC Market Timing Suit
NEW YORK - A U.S. Supreme Court ruling affirmed only a portion of a federal district court's dismissal of claims in a Securities and Exchange Commission lawsuit against a portfolio manager and another...
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Investor Failed To Plead Federal Claims In Securities Lawsuit, Judge Rules
NEW YORK - An investor has failed to plead any of his federal securities law claims in arguing that a brokerage firm and certain of its executive officers engaged in a scheme to defraud him of his...
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Panel Affirms Grant Of Class Certification In Securities Lawsuit
NEW ORLEANS - A federal district court did not err in granting class certification in a securities class action lawsuit because price impact evidence does not bear on the inquiry into whether common...
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