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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

SoClean 2 CPAP Sanitizing Machine

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

GTT Logo Against Sky

Wells Fargo Reg E Ambiguous Disclosures California Class Action

Wells Fargo & Company and Wells Fargo Bank, NA violate Federal Reserve Regulation E, says the complaint for this class action. What is Reg E? It sets forth requirements that banks must meet before charging customers overdraft fees on one-time debit card or ATM transactions. The complaint alleges that Wells Fargo’s disclosures are ambiguous and  Read more

Wells Fargo Sign with Stagecoach Logo

Match Group Fake Love Interest Ads and Securities Prices Class Action

Where do securities and love intersect? In this complaint, which alleges that Match Group, Inc., the dating and matchmaking company, violated the Securities Exchange Act of 1934. The complaint claims the company made false or misleading statements to investors and failed to disclose adverse information, in order to boost the price of its securities.  Read more

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Conestoga Life Settlements Information to Investors Fraud Class Action

“A life settlement is a transaction in which an insured person sells his or her life insurance policy to a third party,” explains the complaint for this class action. Life settlements are at issue in this case for “fraud, conspiracy, aiding and abetting, civil theft, and breach of fiduciary duty,” against defendants Conestoga Settlement Services,  Read more

Secondary Responsibility for Losses in Aequitas Securities Class Action

How is it that a company touted as a stable, secure investment “collapsed in spectacular fashion and was shut down by the Securities and Exchange Commission” (SEC)? Aequitas did so, losing its investors hundreds of millions of dollars. The complaint for this class action alleges that secondary responsibility for the losses belongs to other companies  Read more

SEC Building

UDF III Fake Distributions and Investment Fraud Class Action

This class action concerns investment offerings known as United Development Funding (UDF), and specifically UDF III. The complaint alleges that the defendants made false statements about UDF III’s success to induce people to invest or to invest more. It backed up the false statements by distributions—which, according to the complaint, were not in fact earnings  Read more

Machine Working to Develop Land

MoneyGram (MGI) Misleading Info on Anti-Fraud Efforts Securities Class Action

As the world has become smaller via electronic transactions, fraud and money laundering have become more of a concern for regulators. The complaint for this securities class action claims that MoneyGram International, Inc. provided false or misleading information to shareholders about its fraud- and money laundering-prevention measures.   Read more

MoneyGram Sign on Building

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

New Oriental Education & Tech University Application Fakery Securities Class Action

A subsidiary of the New Oriental Education & Technology Group, Inc. helps students in the People’s Republic of China apply to foreign universities. But according to the complaint for this class action, this subsidiary actually writes application materials and handles the whole application process, sometimes fabricating information. This is fraud, the complaint claims, and not  Read more

New Oriental Education & Technology Building