Securities
Fidelity Life Mutual Conversion to Stock Ownership Class Action
When a mutual insurance company is converted to a stock insurance company, the plan may be complicated. The complaint for this class action alleges that when Fidelity Life Association underwent its conversion, the results were not what the mutual members believed would happen. The complaint brings suit against Fidelity Life and its Members Mutual Holding Read moreSecurities
Security Benefit Life Insurance EIA Annuities False Illustrations RICO Class Action
This class action is about certain equity-indexed deferred annuities (EIAs) sold by Security Benefit Life Insurance Company. The complaint alleges that Secure Benefit provided deliberate misinformation on the annuities’ potential performance while rigging the rules for them so that they provided little or no return. The complaint alleges violations of the Racketeering Influenced and Corrupt Read moreSecurities
Uniti Group (UNIT) Improper Spin-Off, Misleading Info Securities Class Action
Publicly-held companies—those who sell their stock to the general public—are required to make regular reports on those companies and to disseminate only truthful information about their practices, finances, condition, and other matters. The complaint for this class action alleges that Uniti Group and its CEO and CFO Read moreSecurities
Match Group Fake Love Interest Ads and Securities Prices Class Action
Where do securities and love intersect? In this complaint, which alleges that Match Group, Inc., the dating and matchmaking company, violated the Securities Exchange Act of 1934. The complaint claims the company made false or misleading statements to investors and failed to disclose adverse information, in order to boost the price of its securities. Read moreSecurities
Apple REIT Nine Dividend Reinvestments Class Action
How do you value shares of an investment over time if the shares are not traded on an open market? The complaint for this class action alleges that units of Apple REIT Nine, Inc. (A-9) were overvalued, and that when investors chose to receive dividends in the form of more units rather than cash, they Read moreSecurities
Apple REIT Nine Dividend Reinvestments Class Action
How do you value shares of an investment over time if the shares are not traded on an open market? The complaint for this class action alleges that units of Apple REIT Nine, Inc. (A-9) were overvalued, and that when investors chose to receive dividends in the form of more units rather than cash, they Read moreSecurities
Secondary Responsibility for Losses in Aequitas Securities Class Action
How is it that a company touted as a stable, secure investment “collapsed in spectacular fashion and was shut down by the Securities and Exchange Commission” (SEC)? Aequitas did so, losing its investors hundreds of millions of dollars. The complaint for this class action alleges that secondary responsibility for the losses belongs to other companies Read moreSecurities
Ameritrade Investment Losses via Tax-Loss Harvesting Feature Class Action
This class action centers on a feature in an investment account called tax-loss harvesting. The complaint alleges that TD Ameritrade Holding Corporation and three of its Ameritrade subsidiaries are responsible for losses in an account that was managed by Ameritrade when the tax-loss harvesting feature did not work as intended. Read moreSecurities
Zions Bancorporation Fails to Spot Ponzi Scheme Class Action
When investors put money into an enterprise, how do they know that it’s being used as claimed? The complaint for this class action claims that the Silver Pool supposedly run by Gaylen Rust was a Ponzi scheme with no reality to it. However, the defendant in the case is not Rust but Zions Bancorporation, which Read moreSecurities
MoneyGram (MGI) Misleading Info on Anti-Fraud Efforts Securities Class Action
As the world has become smaller via electronic transactions, fraud and money laundering have become more of a concern for regulators. The complaint for this securities class action claims that MoneyGram International, Inc. provided false or misleading information to shareholders about its fraud- and money laundering-prevention measures. Read moreSecurities