fbpx

CannTrust Securities False Statements Settlement

CannTrust Holdings, Inc. and other parties are settling class actions in Canada and the US alleging the company made false and misleading statements in its offering documents, about its compliance with cannabis regulations and due to an alleged scheme to increase its cannabis production. The complaint alleged that the statements caused the price of CannTrust’s  Read more

Cultivated Cannabis Plants

Robinhood Blocked Buy Trades of Certain Stocks California Class Action

A number of class actions have been filed on the subject of restricted trading in GameStop and other popular securities in January of 2021, blaming it on a desire among certain short-sellers to stop the rise of those securities. This class action centers on the same blocking of trading in those same stocks, but blames  Read more

Robinhood Feather Logo

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

Hospitality Investors Trust Name and Logo

Boston Private Financial Holdings (BPFH) Proxy Statement Omissions Lawsuit

Boston Private Financial Holdings, Inc. has been considering a transaction in which SVB Financial Group would acquire it. However, the complaint for this class action alleges that the Definitive Proxy Statement filed with the Securities and Exchange Commission (SEC) “omits or misrepresents material information” about certain matters. The complaint claims the Proxy Statement therefore violates  Read more

Boston Private Name

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

GameStop Short Sellers Conspiracy to Stop Retail Buyers Antitrust Class Action

What was all that about GameStop trades? This antitrust class action centers on that story, bringing suit on behalf of small retail investors against a long list of defendants—brokerages, funds, and clearinghouses—with familiar names, such as Morgan Stanley Smith Barney, E*Trade, Robinhood, TD Ameritrade, and Charles Schwab. The complaint alleges that individual investors “were stripped  Read more

Two Smartphones with Robinhood Name and Feather Logo

SolarWinds (SWI) Public Statements and Losses to Investors Class Action

In December 2020, news emerged that hackers, possibly from the Russian government, had accessed US government and business systems through updates provided by a company called SolarWinds. This class action alleges that SolarWinds made false or misleading statements in its public filings that misled investors and inflated the price of SolarWinds securities. When information about  Read more

SolarWinds Logo

Vega Capital London Manipulation of WTI Oil Futures Contracts Class Action

On April 20, 2020, on the New York Mercantile Exchange (NYMEX), the price of the West Texas Intermediate (WTI) light sweet crude oil futures contracts to expire in May were trading at negative $37.63 a barrel—meaning that sellers had to pay buyers to take the oil off their hands. The complaint for this class action  Read more

Oil Storage Tanks

EquiAlt Real Estate Securities Ponzi Scheme Class Action

The sales agents were unlicensed, the securities were unregistered, the investors were not accredited, and the investors’ money did not go where they thought it would go: This was EquiAlt and its Ponzi scheme, says the complaint for this class action. The first defendant is Paul Wassgren, who was a partner, at different times, at  Read more

Facade of Ornate Building with Word "Court"

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