Logo with Initials IOA

Insurance Office of America Inflated Securities RICO Class Action

This class action brings suit against Insurance Office of America, Inc. (IOA) and IOA Group, LLC, alleging that the company ran a Ponzi scheme that inflated stock prices. It also claims that the company defrauded its employees, customers, and independent sales agents and overbilled customers with fraudulent fees added to premiums.  Read more

Securities, RICO
Securities Frauds, Securities, RICO laws
Three Oil Drums

United States Oil Fund Investment Losses Investigation

Did you lose a large amount of money on your investment with the exchange-traded fund (ETF) United States Oil Fund, LP (USO)? Do your losses on this fund add up to $250,000 or more? We’re investigating whether certain statements made by USO in its March 2020 registration statement might have been false or misleading, giving  Read more

Securities
Securities, Registration Statement, Investment Losses, False or Misleading Information
Five Hands Reaching for Five Slices of Pie

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 more

Securities
Securities, Omitting or Withholding Information, Demutualization, Conflicts of Interest
Security Benefit Headquarters Building

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 more

Securities
Securities, RICO laws, Deceptive Advertising, Annuities
Colorful Fiber Optic Cables

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 more

Securities
Securities, False or Misleading Information
Match Logo

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 more

Securities
Stock Losses, Securities, Providing False or Misleading Information
Roll of Cash Beside Sign Saying "Dividend"

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 more

Securities
Valuation of Shares or Units, Securities, REIT
Roll of Cash Beside Sign Saying "Dividend"

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 more

Securities
Valuation of Shares or Units, Securities, REIT
SEC Building

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 more

Securities
Securities Frauds, Securities, Providing False or Misleading Information, Investment Losses
TD Ameritrade Logo

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 more

Securities
Securities, Investment Losses, Discretionary Trading in Account