Securities
Elon Musk Twitter Stock Price Manipulation Class Action
Elon Musk’s proposed buyout of Twitter has repeatedly been in the news, alternately seeming sure and in jeopardy. But the complaint for this class action brings suit on behalf of Twitter shareholders, against both Musk and Twitter, alleging that Musk has tried to manipulate the price of the stock and to deliberately depress it, harming Read moreSecurities
Cano Health (CANO) False or Misleading Reports and Stock Losses Class Action
As a public company, Cano Health, Inc. (NYSE: CANO) must make public filings with the Securities and Exchange Commission (SEC). The complaint for this class action alleges that Cano made false or misleading statements in its 2020-2021 filings, in violation of the Securities Exchange Act of 1934. Named as defendants in addition to the company Read moreSecurities
Grab (GRAB) False or Misleading Statements and Stock Losses Class Action
Grab Holdings Limited (NASDAQ: GRAB) “became a public entity via a business combination with Altimeter Growth Corp.” on December 1, 2021. Yet by March 3, 2022, the complaint for this class action alleges, it was announcing a large loss. The complaint claims the company, along with its CEO and CFO, made “materially false and misleading Read moreSecurities
Celsius (CELH) False or Misleading Statements and Stock Losses Class Action
On March 1, 2021, Celsuis Holdings, Inc. (NASDAQ: CELH) announced that it would not be able to file its 2021 annual report on time. This, the complaint alleges, was because Celsius had made false and misleading statements during the previous periods, violating the Securities Exchange Act of 1934. Celsius’s stock price fell more than 8% Read moreSecurities
Apex Clearing Corporation Suspension of Buys of AMC, GME, KOSS Class Action
On January 28, 2021, says the complaint for this class action, Apex Clearing Corporation suspended trading on stock for AMC Entertainment Holdings, Inc. (AMC), GameStop Corporation (GME), and Koss Corporation (KOSS), for nearly three and a half hours. The complaint alleges that this suspension was meant to affect the price of these stocks. The counts Read moreSecurities
NatWest Spoofing Manipulation of Treasuries Market Class Action
In December 2021, NatWest Markets plc pleaded guilty in a criminal case of wire fraud and securities fraud for its activities related to Treasury Futures and the secondary market for Treasury Securities. The case involved “spoofing,” or placing false orders to manipulate the markets. This class action, brought against NatWest Markets plc (NWMP) and NatWest Read moreSecurities
NatWest Markets Manipulation of Treasury Futures Markets by Spoofing Class Action
This class action accuses three companies of “unlawful and intentional manipulation of U.S. Treasury Futures contracts” and options on those contracts, as traded on US exchanges, including the Chicago Board of Trade (CBOT). The companies accused are NatWest Markets Securities, Inc., NatWest Markets, Plc, and NatWest Group, Plc (formerly RBS Securities, Inc., the Royal Bank Read moreSecurities, Fraud
Bristol-Myers Squibb (BMY) Delay of Drug Approval Securities Class Action
Bristol-Myers Squibb Co. filed an S-4 Registration Statement for its November 2019 acquisition of Celgene Corporation. The complaint for this class action alleges that this S-4 contained untrue statements and omitted important information, because it did not disclose that Bristol-Myers was deliberately slow-walking approval of a drug. The slowdown would mean that certain milestones in Read moreSecurities
Boston Private Financial Holdings (BPFH) Proxy Statement Omissions Lawsuit
Boston Private Financial Holdings, Inc. has been considering a transaction in which SVB Financial Group would acquire it. However, the complaint for this class action alleges that the Definitive Proxy Statement filed with the Securities and Exchange Commission (SEC) “omits or misrepresents material information” about certain matters. The complaint claims the Proxy Statement therefore violates Read moreSecurities
SolarWinds (SWI) Public Statements and Losses to Investors Class Action
In December 2020, news emerged that hackers, possibly from the Russian government, had accessed US government and business systems through updates provided by a company called SolarWinds. This class action alleges that SolarWinds made false or misleading statements in its public filings that misled investors and inflated the price of SolarWinds securities. When information about Read moreSecurities
