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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

Lilium Aircraft

DiversyFund and REITs Misleading Statements and Omissions Class Action

This class action brings suit against two real estate investment trust (REITs), DF Growth REIT, LLC (REIT I), DF Growth REIT II, LLC (REIT II), their sponsor DiversyFund, Inc., and two persons who had control of these entities, Craig Cecilio and Alan Lewis. The complaint alleges that these defendants sold shares to investors while making  Read more

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SBF, FTX Cryptocurrency Exchange and Hedge Fund Failure Class Action

This class action, unusually, names five individuals and no companies as defendants, most likely because the companies involved in the associated events appear to have failed. The complaint brings suit against Samuel Bankman-Fried (SBF) and four others involved in his FTX cryptocurrency exchange and Alameda Research hedge fund, from which billions of dollars appear to  Read more

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Citigroup Fails at Best Execution of Orders Class Action

Citigroup Global Markets, Inc. acts as a broker for other companies, buying and selling securities in the markets. The complaint for this class action alleges that Citigroup did not follow instructions from one of its clients to achieve best execution of two large orders without unduly affecting prices. The complaint claims that Citigroup’s ignoring of  Read more

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SafeMoon Cryptocurrency “Pump and Dump” Class Action

The prospects for individuals cryptocurrencies are difficult for individuals to evaluate before they buy. The defendants in this class action brings are SafeMoon, LLC, related other SafeMoon companies, and two groups of individuals (the Executive Defendants and the Promoter Defendants), all connected to the SafeMoon token. The complaint alleges that these defendants used “misleading promotions  Read more

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Geron Conceals Study Results, Sells Inflated Stock Class Action

Geron Corporation, a biopharmaceutical company, had just one drug in its pipeline, imetelstat. The complaint for this class action alleges that a Phase 2 clinical trial for the drug produced disappointing results. Despite this, according to the complaint, company insiders sold a large amount of stock without disclosing the results of the trial. This class  Read more

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CITIC Capital RICO Conspiracy GNC Shareholders’ Class Action

This class action is brought by minority shareholders in GNC Holdings, Inc. The complaint alleges that “a number of state-owned Chinese corporations and individuals, GNC’s Board of Directors and senior management, certain [of] GNC’s secured lenders and financial advisor” who have conspired “to enrich themselves at the expense” of other shareholders through dishonest actions that  Read more

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Hospitality Investors Trust REIT Investigation

Did you lose money by following a broker’s recommendation to invest in Hospitality Investors Trust REIT? If so, you may be able to participate in a lawsuit.  We’re investigating whether brokers or financial advisors recommended this REIT to their clients, even if it was not suitable for them. A REIT is a real estate investment  Read more

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IBM Retirement Plans Breach of Fiduciary Duty Settlement

A settlement of $4,750,000 is resolving a class action against the IBM Retirement Plans Committee and certain individuals under the Employee Retirement Income Security Act (ERISA). The complaint alleged that the committee breached its fiduciary duty of prudence in offering IBM common stock as an investment in its 401(k) plan. It claimed that the committee  Read more

Document Titled "401(k) Statement"

Vida Longevity Fund Omissions in Offering Materials Class Action

This class action brings suit under the Texas Securities Act (TSA) against a number of parties related to the Vida Longevity Fund, LP, established in 2010. The Fund promised a high rate of return, but the complaint alleges that it was hiding “serious weaknesses in the Funds’s internal processes and procedures…” It claims that these  Read more

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