Providing False or Misleading Information
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
Opendoor (OPEN) Omissions About Algorithm Securities Class Action
Opendoor Technologies, Inc. was formed via a merger to operate a digital platform for flipping residential real estate. Unfortunately, the algorithm it was using to make its offers for homes was not adequate. The complaint for this securities class action alleges that the offering documents filed for the merger “were negligently prepared” and that they Read more
KLM Airlines Misrepresentation of Carbon Offsets Class Action
The flag carrier airline for the Netherlands is known as Koninklijke Luchtvaart Maatschappij, NV, or KLM Royal Dutch Airlines. This class action takes issue with KLM’s advertising campaign encouraging consumers to “Fly Responsibly” to reduce the effects of climate change by using carbon offsets. Read more
Galaxy Phones Throttle Performance for Many Apps California Class Action
Before plaintiff Shakira Martin gave up her Apple phone to buy a Samsung Galaxy S21, she researched the device and got the impression that it had faster speed and superior performance. But soon after buying it, she noticed it was not working as fast as she expected. The complaint for this class action alleges that Read more
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
