Insurance Office of America Inflated Securities RICO Class Action

This class action brings suit against Insurance Office of America, Inc. (IOA) and IOA Group, LLC, alleging that the company ran a Ponzi scheme that inflated stock prices. It also claims that the company defrauded its employees, customers, and independent sales agents and overbilled customers with fraudulent fees added to premiums.  Read more

Logo with Initials IOA

WeWork Investors Claim Company Misled Them Class Action

The fall of the We Company, also known as WeWork, was described as “one of the most spectacular flameouts in recent corporate history.” Its company valuation fell by 90% in a single year. This class action claims that WeWork misled the public about the company’s actions and intentions, violating the California Corporations Code.  Read more

A WeWork Space

United States Oil Fund Investment Losses Investigation

Did you lose a large amount of money on your investment with the exchange-traded fund (ETF) United States Oil Fund, LP (USO)? Do your losses on this fund add up to $250,000 or more? We’re investigating whether certain statements made by USO in its March 2020 registration statement might have been false or misleading, giving  Read more

Three Oil Drums

Fidelity Life Mutual Conversion to Stock Ownership Class Action

When a mutual insurance company is converted to a stock insurance company, the plan may be complicated. The complaint for this class action alleges that when Fidelity Life Association underwent its conversion, the results were not what the mutual members believed would happen. The complaint brings suit against Fidelity Life and its Members Mutual Holding  Read more

Five Hands Reaching for Five Slices of Pie

Security Benefit Life Insurance EIA Annuities False Illustrations RICO Class Action

This class action is about certain equity-indexed deferred annuities (EIAs) sold by Security Benefit Life Insurance Company. The complaint alleges that Secure Benefit provided deliberate misinformation on the annuities’ potential performance while rigging the rules for them so that they provided little or no return. The complaint alleges violations of the Racketeering Influenced and Corrupt  Read more

Security Benefit Headquarters Building

Uniti Group (UNIT) Improper Spin-Off, Misleading Info Securities Class Action

Publicly-held companies—those who sell their stock to the general public—are required to make regular reports on those companies and to disseminate only truthful information about their practices, finances, condition, and other matters. The complaint for this class action alleges that Uniti Group and its CEO and CFO    Read more

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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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Raymond James Processing Fee Settlement

This settlement resolves two different class actions, one against Raymond James and Associates and the other against Raymond James Financial Services. The complaints made similar allegations, that is, that Raymond James charged a “processing fee” to customers who took part in its Passport Investment Account Program, sometimes labeled as a miscellaneous fee on trade confirmations.  Read more

Raymond James Sign on Glassy Building

Eurozone Government Bonds Anticompetitive Collusion Class Action

The complaint for this class action brings suit against Bank of America, Merrill Lynch, the Royal Bank of Scotland (RBS, now NatWest Markets), and other financial companies for an alleged anticompetitive scheme to fix the price of Euro-denominated bonds issued by European central banks and sold in the US.   Read more

Five-Euro Notes

Apple REIT Nine Dividend Reinvestments Class Action

How do you value shares of an investment over time if the shares are not traded on an open market? The complaint for this class action alleges that units of Apple REIT Nine, Inc. (A-9) were overvalued, and that when investors chose to receive dividends in the form of more units rather than cash, they  Read more

Roll of Cash Beside Sign Saying "Dividend"