fbpx
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
Zions Bank Sign

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 more

Securities
Securities Frauds, Ponzi Scheme
MoneyGram Sign on Building

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 more

Securities
Stock Losses, Securities, Providing False or Misleading Information, Fraudulent Payments or Money Transfers
CafePress Logo

CafePress Unfair Merger Agreement and Tender Offer Class Action

CafePress, Inc.(NASDAQ: PRSS)has concluded a merger agreement under which it would become a subsidiary of Snapfish, LLC. But the complaint for this class action alleges that the terms of the merger agreement and tender offer are not in the interests of CafePress shareholders. Instead, it says, CafePress’s board of directors has been influenced by terms  Read more

Securities
Tender Offer, Solicitation Statement, Securities, Mergers or Acquisitions
Cloud With Me Logo

Cloud With Me Initial Coin Offering Sale of Unregistered Securities Class Action

This class action concerns yet another initial coin offering (ICO), this time for a cryptocurrency called the Cloud token, sold by Cloud With Me Ltd. The complaint claims that the ICO was actually the sale of unregistered securities, in violation of the Securities Act of 1933.  Read more

Securities
Offering or Sale of Unregistered Securities, Cryptocurrency
Sequoia Fund Logo

Sequoia Fund Over-Concentrates Investments, Against Its Own Rule Class Action

When investors put their money into funds, they make choices about the kinds of funds they want to invest in—the riskiness of the investments, the size of the companies invested in, the economic sector, the region or country, and so on. The complaint for this class action claims that Sequoia Fund’s investment in a single  Read more

Securities
Violating terms of prospectus or contract, Securities
Mine on Simandou

Rio Tinto Bribery for Guinea Iron Ore Mining Concessions Securities Class Action

Simandou is a mountain that is rich in minerals, but it is in the interior of Guinea, a West African country that by some accounts is one of the most corrupt places in the world. The complaint for this class action claims that Rio Tinto PLC became anxious when some of its mining rights were  Read more

Securities
Stock Losses, Securities, Providing False or Misleading Information, Bribery or Improper Incentives
New Oriental Education & Technology Building

New Oriental Education & Tech University Application Fakery Securities Class Action

A subsidiary of the New Oriental Education & Technology Group, Inc. helps students in the People’s Republic of China apply to foreign universities. But according to the complaint for this class action, this subsidiary actually writes application materials and handles the whole application process, sometimes fabricating information. This is fraud, the complaint claims, and not  Read more

Securities
Stock Losses, Securities, Providing False or Misleading Information
Facebook "f" Logo with Silhouettes

Facebook and Cambridge Analytica Misuse of Personal Information Class Action

This class action alleges that Facebook, Inc. allowed Cambridge Analystica, LLC (CA) to mine the data of some 50 million Facebook users, for the purpose of influencing voters in what the complaint calls “an unprecedented attack on democracy”—not to mention an unprecedentedly  massive misuse of personal information. Facebook has admitted that most of its users  Read more

Securities
Your Privacy, Using Your Private Information Without Consent, Exposing Private Information