Providing False or Misleading Information
Elon Musk Twitter Stock Price Manipulation Class Action
Elon Musk’s proposed buyout of Twitter has repeatedly been in the news, alternately seeming sure and in jeopardy. But the complaint for this class action brings suit on behalf of Twitter shareholders, against both Musk and Twitter, alleging that Musk has tried to manipulate the price of the stock and to deliberately depress it, harming Read more
Dorrance Publishing Hidden Sales Figures, False Royalties Class Action
How do writers know whether they are getting proper royalties on their books? The complaint for this class action alleges that Dorrance Publishing Company, Inc. hides true sales figures from its writers, telling them that their books have sold only a few copies, and does not pay them the royalties they are due. Read more
Penuma Penis Implant Pain and Scarring Class Action
According to the complaint for this class action, Dr. James Elist promotes himself as the “Thomas Edison of penis surgeries,” having invented the Penuma device, a silicone implant designed to enlarge penis size. Elist and the companies associated with the device advertise it as being “FDA-cleared,” the complaint says, but it claims that the device Read more
On Point Global Dissatisfaction Settlement
On Point Global, LLC is settling an action against it by the Federal Trade Commission (FTC), claiming that consumers who either paid for a guide or provided their information for use of the website were not satisfied with their experiences. On Point Global purported to offer such services as renewing a driver’s license or assessing Read more
Cano Health (CANO) False or Misleading Reports and Stock Losses Class Action
As a public company, Cano Health, Inc. (NYSE: CANO) must make public filings with the Securities and Exchange Commission (SEC). The complaint for this class action alleges that Cano made false or misleading statements in its 2020-2021 filings, in violation of the Securities Exchange Act of 1934. Named as defendants in addition to the company Read more
Grab (GRAB) False or Misleading Statements and Stock Losses Class Action
Grab Holdings Limited (NASDAQ: GRAB) “became a public entity via a business combination with Altimeter Growth Corp.” on December 1, 2021. Yet by March 3, 2022, the complaint for this class action alleges, it was announcing a large loss. The complaint claims the company, along with its CEO and CFO, made “materially false and misleading Read more
Celsius (CELH) False or Misleading Statements and Stock Losses Class Action
On March 1, 2021, Celsuis Holdings, Inc. (NASDAQ: CELH) announced that it would not be able to file its 2021 annual report on time. This, the complaint alleges, was because Celsius had made false and misleading statements during the previous periods, violating the Securities Exchange Act of 1934. Celsius’s stock price fell more than 8% Read more
Ziploc Bags “Unbeatable” Protection and Freshness Claims Class Action
This class action brings suit against S.C. Johnson & Son, Inc. about its sealable Ziploc bags. The complaint alleges that the company makes claims about the bags, including “Unbeatable Protection” and “Unbeatable Freshness,” that it says are misleading or false. This is because explanations of the claims are limited, the complaint alleges, and their application Read more
SoClean CPAP Cleaning Devices Produce Ozone Texas Class Action
SoClean, Inc. makes devices to clean continuous positive airway pressure (CPAP) machines. But the complaint for this class action alleges that SoClean uses ozone for cleaning, and that it makes false statements about both this toxic gas and its devices, misrepresenting their potential dangers to humans. Read more
GTT Securities Litigation Settlement
GTT Communications, Inc. is paying $25 million to resolve a class action alleging it violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and the associated Rule 10b-5. The case relates to GTT’s acquisition of Interoute Communications Holdings SA, a European telecommunications company. The complaint alleged that GTT made false and misleading Read more
