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Lilium Aircraft

Lilium (LILM) Misleading Statements and Investor Losses Class Action

Lilium NV (LILM) is working on “an electric vertical take-off-and-landing (‘eVTOL’) aircraft, the Lilium Jet” which is intended to offer high-speed air transportation. On September 14, 2021 it was created from a merger of Qell Acquisition Corp., a special-purpose acquisition company with Lilium GmbH. The complaint for this class action brings suit against Lilium and  Read more

Securities
Securities, Investment Losses, False or Misleading Information
Sinovac - Gloved Hand and Vaccine

Sinovac (NASDAQ: SVA) Dilution of Stock to Go Private Class Action

This class action concerns stock ownership in Sinovac (NASDAQ: SVA), a vaccine company the complaint calls “the world’s single largest producer of Covid-19 vaccines.” It brings suit against Sinovac and its founder, president, CEO, and chairman Weidong Yin, for diluting the stock in trying take the company private.  Read more

Securities
Securities, Equity Dilution
Argo Group Name and Logo

Argo (ARGO) Misleading Info About Reserves Securities Class Action

Argo Group International Holdings, Ltd. underwrites specialty insurance products, working with risk that is more complex than usual or more difficult to price. Having adequate reserves is therefore important for the company. This securities class action brings suit against Argo, along with five individuals, all current or former CEOs and CFOs of the company, alleging  Read more

Securities
Stock Losses, Securities, False or Misleading Information
Opendoor Sign in Front of House for Sale

Opendoor (OPEN) Omissions About Algorithm Securities Class Action

Opendoor Technologies, Inc. was formed via a merger to operate a digital platform for flipping residential real estate. Unfortunately, the algorithm it was using to make its offers for homes was not adequate. The complaint for this securities class action alleges that the offering documents filed for the merger “were negligently prepared” and that they  Read more

Securities
Stock Losses, Securities, Registration Statement, Providing False or Misleading Information
Twitter Logo

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 more

Securities
Securities, Providing False or Misleading Information, Market Manipulation
Cano Health Facility

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 more

Securities
Stock Losses, Securities, Providing False or Misleading Information
Grab Motorcycle Delivery Drivers

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 more

Securities
Stock Losses, Securities, Providing False or Misleading Information
Four Celsius Drinks

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 more

Securities
Stock Losses, Securities, Providing False or Misleading Information
Apex Clearing X Logo

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 more

Securities
Trading Orders, Tortious Interference with Business Relationship, Stock Losses, Shutdown, Securities
NatWest Name and Logo

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 more

Securities
Securities, Market Manipulation