Failure To Disclose Operational Problems

GNC Illegal Product Ingredients Securities Class Action

This federal securities class action lawsuit is brought against GNC for releasing false material statements and failing to disclose that: (1) GNC unlawfully sold thousands of units of products in Oregon that contained picamilon; and (2) GNC unlawfully sold thousand of units of products in Oregon that contained BMPEA.  The above statements artificially inflated GNC’s  Read more

SouFun Accused Of Fake Transactions Securities Class Action

This federal securities class action lawsuit is brought against SouFun Holdings, which operates a real estate internet portal in China, for making misleading statements and failing to disclose that: (1) SouFun employees routinely created “fake contracts”; (2) Defendants were aware that SouFun employees routinely created “fake contracts”; and (3) as a result, the Company’s public  Read more

ChinaCache International Holdings Securities Fraud Class Action Lawsuit

This class action lawsuit alleges ChinaCache made false statements and failing to disclose that (1) the platform migration to High Performance Cloud Cache (HPCC) was not successful.  Read more

Globus Medical Low Sales Securities Class Action

This securities fraud class action alleges that Globus, a medical device company, failed to disclose (1) its relationship with a significant distributor was deteriorating; (2) the deterioration negatively impacted Globus’s financial performance; and (3) as a result, Globus’s prospects and statements were false and misleading.  Read more

Volkswagen ADR Securities Fraud Class Action Lawsuit

This lawsuit alleges that Volkswagen AG made materially false and misleading statements and omissions to investors concerning company operations, financial condition and outlook and specifically failed to disclose that it had utilized a "defeat device" in certain diesel cars which allowed the vehicles to temporarily reduce emissions during testing yet emit at dramatically higher levels  Read more

QLogic (QLGC) Securities Fraud Class Action Lawsuit

     This lawsuit alleges QLogic violated federal securities laws by failing to timely disclose an industry wide slow down and inventory build up at large OEM customer.    Read more

Sientra (SIEN) Securities Fraud Class Action Lawsuit

     This securities fraud class action alleges that Sientra failed to disclose that (1) its exclusive reliance on Silimed’s Brazilian manufacturing facilities carried significant quality control risks and (2) the manufacturing processes at the Silimed Rio de Janeiro manufacturing plant were contaminated.  Read more

LSB Industries (LXU) Securities Fraud Class Action Lawsuit

     This is a securities fraud class action brought against LSB Industries, Inc. alleging that LSB failed to disclose that LSB’s costs related to the expansion of the El Dorado Facility would be significantly higher than reported, which made LSB’s statements about its business operations and prospects false and misleading.  Read more

Fiat Chrysler Securities Fraud Class Action Lawsuit

The lawsuit alleges that Chrysler failed to disclose flaws in its manufacturing process that led to millions of vehicles being recalled as those vehicles were unsafe to drive.  Read more

Investment Technology (ITG) Securities Fraud Class Action Lawsuit

This lawsuit alleges that Investment Technology Group operated an undisclosed trading platform that apparently used pending client trade information to make undisclosed trades.  Read more