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"

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"

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

Ohio National Refusal to Pay Variable Annuity Commissions Class Action

When a person or firm is laid off, what happens to any unpaid commissions they might have earned? The complaint for this class action says that Ohio National Life Insurance and related companies simply stopped paying the insurance commissions to securities representatives when it terminated its selling agreements with their companies. The complaint calls this  Read more

Building for Ohio National

Major Securities Dealers Fixing of Spread for GSE Bonds Antitrust Class Action

At times, government-sponsored enterprises (GSEs) issue bonds to fund what the complaint for this class action calls “economic and public policy mandates.” The complaint for this class action claims that dealers in these bonds conspired to fix their prices in a way that would earn the dealers more money, in violation of antitrust laws.  Read more

Example of Bond Certificate

Ameritrade Investment Losses via Tax-Loss Harvesting Feature Class Action

This class action centers on a feature in an investment account called tax-loss harvesting. The complaint alleges that TD Ameritrade Holding Corporation and three of its Ameritrade subsidiaries are responsible for losses in an account that was managed by Ameritrade when the tax-loss harvesting feature did not work as intended.   Read more

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Bank of America, Citizens Bank Accused in Class Action of Facilitating Ponzi Scheme

This class action concerns a “decade-long” Ponzi scheme that the complaint says was run out of more than a hundred accounts at Bank of America, NA and roughly twenty accounts at Citizens Bank, NA. The complaint names the banks, along with a group of individuals, as being responsible for investor losses, as the banks allegedly  Read more

Bank of America Logo and Name

Obelisk Siacoin and Decred Mining Equipment Presale Class Action

This is another class action about shady business practices related to cryptocurrencies, this time Siacoin and Decred. Most of the complaint covers broken promises about mining equipment, but the legal allegations center on the charge of the sale of unregistered securities.   Read more

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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