Securities
NatWest Markets Manipulation of Treasury Futures Markets by Spoofing Class Action
This class action accuses three companies of “unlawful and intentional manipulation of U.S. Treasury Futures contracts” and options on those contracts, as traded on US exchanges, including the Chicago Board of Trade (CBOT). The companies accused are NatWest Markets Securities, Inc., NatWest Markets, Plc, and NatWest Group, Plc (formerly RBS Securities, Inc., the Royal Bank Read more
Western Global Airlines ESOP Stock Purchase ERISA Violations Class Action
This head-spinning class action involves an employee stock ownership plan (ESOP) for employees of Western Global Airlines, Inc. and a stock purchase of 37.5% of private Western Global stock. The complaint alleges that the defendants bought the stock at an inflated price, saddled the company with enormous debt to pay for it, and forced employees Read more
Bristol-Myers Squibb (BMY) Delay of Drug Approval Securities Class Action
Bristol-Myers Squibb Co. filed an S-4 Registration Statement for its November 2019 acquisition of Celgene Corporation. The complaint for this class action alleges that this S-4 contained untrue statements and omitted important information, because it did not disclose that Bristol-Myers was deliberately slow-walking approval of a drug. The slowdown would mean that certain milestones in Read more
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
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
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
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
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
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
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
