Lilium (LILM) Misleading Statements and Investor Losses Class Action

Lilium NV (LILM) is working on “an electric vertical take-off-and-landing (‘eVTOL’) aircraft, the Lilium Jet” which is intended to offer high-speed air transportation. On September 14, 2021 it was created from a merger of Qell Acquisition Corp., a special-purpose acquisition company with Lilium GmbH. The complaint for this class action brings suit against Lilium and  Read more

Lilium Aircraft

Deutsche Bank, Rabobank European Government Bond Trading Antitrust Class Action

This antitrust class action goes after two banks and their affiliated securities companies, alleging they conspired to fix or otherwise manipulate the price of Euro-denominated bonds that are issued by various European governments. The defendants include Deutsche Bank, AG and its dealer affiliate Deutsche Bank Securities, Inc., and Cooperative Rabobank UA (formerly known as Cooperatieve  Read more

Deutsche Bank Towers in Frankfurt

Sinovac (NASDAQ: SVA) Dilution of Stock to Go Private Class Action

This class action concerns stock ownership in Sinovac (NASDAQ: SVA), a vaccine company the complaint calls “the world’s single largest producer of Covid-19 vaccines.” It brings suit against Sinovac and its founder, president, CEO, and chairman Weidong Yin, for diluting the stock in trying take the company private.  Read more

Sinovac - Gloved Hand and Vaccine

Argo (ARGO) Misleading Info About Reserves Securities Class Action

Argo Group International Holdings, Ltd. underwrites specialty insurance products, working with risk that is more complex than usual or more difficult to price. Having adequate reserves is therefore important for the company. This securities class action brings suit against Argo, along with five individuals, all current or former CEOs and CFOs of the company, alleging  Read more

Argo Group Name and Logo

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

Opendoor Sign in Front of House for Sale

Coinbase’s Role and the Nature of Cryptocurrency Class Action

What exactly are cryptocurrencies? The complaint for this class action argues that they are securities, because their purchasers are hoping for their value to increase. It brings suit against Coinbase Global, Inc. and Coinbase, Inc., with the inciting incident being the breaching of a Coinbase account and the theft of funds, but it also brings  Read more

Coinbase Name

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

Twitter Logo

BlockFi Crypto Interest Accounts Are Unregistered Securities, Says Class Action

This class action brings suit against a number of BlockFi entities—BlockFi, its parent BlockFI, Inc. (BFI), and affiliates BlockFi Trading, LLC and BlockFi Lending, LLC, for their BlockFi Interest Accounts or Crypto Interest Accounts (BIAs). The complaint alleges BIAs are unregistered securities that should have been registered with the Securities and Exchange Commission (SEC) and  Read more

BlockFi Name on Blurry Computer Background

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

Cano Health Facility

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

Grab Motorcycle Delivery Drivers