State Farm Mutual Automobile Insurance Company RICO Settlement

Three parties, State Farm, Ed Murnane, and William Shepherd, have agreed to settle a class action claiming they violated Racketeer Influenced and Corrupt Organizations (RICO) Act. The complaint says the RICO violations occurred in their attempts to overturn a $1.05 billion judgment in favor of 4.7 million State Farm policyholders in the case Avery v.  Read more

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

Mine on Simandou

Grupo Televisa Bribery of FIFA for Broadcast Rights Securities Class Action

The payment of bribes is generally considered wrongdoing, but securities class actions like this one, aimed at Grupo Televisa and losses from investments in its American Depository Receipts (ADRs), base their case on the company’s misleading statements or concealment of bribery, which are violations of the Securities Exchange Act of 1934. In this case, the  Read more

Grupo Televisa Logo

Graña y Montero Knew of Bribery in Highway Project, Says Securities Class Action

The bribery of foreign officials is a violation of the US Foreign Corrupt Practices Act (FCPA), but the complaint for this securities class action says that not telling your shareholders about the bribery is a violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint claims that Graña y Montero,  Read more

Worker in Safety Gear Gazing at Mountains

Sinovac Biotech Alleged CEO Bribery Causes Stock Losses Securities Class Action

Bribery and corruption are secretive activities, but securities laws still require the honest reporting of these actions. According to the complaint for this class action, Sinovac Biotech Ltd. violated the Securities Exchange Act of 1934 by not reporting an instance of bribery by the company’s CEO, Weidong Yin. An analyst company’s accusation about the bribery  Read more

TCP International Holdings Securities Fraud Class Action

This securities class action alleges that TCP International Holdings failed to disclose material facts relating to the company's chairman and improper personal payments he made relating to the business, did not disclose improper relationships with he had with vendors and misled investors with regard to the company's business operations and future prospects.  Read more

VimpelCom (VIP) Securities Fraud Class Action

This securities class action lawsuit alleges that defendant VimpelCom made false and misleading statements about its business and prospects and also failed to disclose material facts concerning its payment of unlawful bribes in order to secure the company's access to Uzbekistan's telecommunications market and the fact that those actions led to probes and criminal investigations  Read more