fbpx

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

Celsius (CELH) False or Misleading Statements and Stock Losses Class Action

On March 1, 2021, Celsuis Holdings, Inc. (NASDAQ: CELH) announced that it would not be able to file its 2021 annual report on time. This, the complaint alleges, was because Celsius had made false and misleading statements during the previous periods, violating the Securities Exchange Act of 1934. Celsius’s stock price fell more than 8%  Read more

Four Celsius Drinks

Vi-Jon Prohibited Transaction for Employee Stock Ownership Plan Class Action

The complaint for this class action brings suit under the Employee Retirement Income Security Act (ERISA) on behalf of the Vi-Jon Employee Stock Ownership Plan (ESOP). The complaint alleges that the defendants in this case conducted a prohibited transaction that violated ERISA and damage the ESOP’s participants. The defendants are the parties who participated in  Read more

Vi-Jon Name and Logo

Geron Conceals Study Results, Sells Inflated Stock Class Action

Geron Corporation, a biopharmaceutical company, had just one drug in its pipeline, imetelstat. The complaint for this class action alleges that a Phase 2 clinical trial for the drug produced disappointing results. Despite this, according to the complaint, company insiders sold a large amount of stock without disclosing the results of the trial. This class  Read more

Geron Name on Cell and Penny Background

Apex Clearing Corporation Suspension of Buys of AMC, GME, KOSS Class Action

On January 28, 2021, says the complaint for this class action, Apex Clearing Corporation suspended trading on stock for AMC Entertainment Holdings, Inc. (AMC), GameStop Corporation (GME), and Koss Corporation (KOSS), for nearly three and a half hours. The complaint alleges that this suspension was meant to affect the price of these stocks. The counts  Read more

Apex Clearing X Logo

West Monroe Employee Stock Plan Undervalued Shares ERISA Class Action

Some companies, like West Monroe Partners, Inc., offers an Employee Stock Ownership Plan (ESOP) as a retirement plan. When employees leave the company, it buys back its stock from them, allowing them to cash out. This class action brings suit against West Monroe, its Board of Directors, its Benefits Committee, and the plan’s trustee, Argent  Read more

West Monroe Chicago Office

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

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

Match Logo

GE Under-Reserving Inflated Stock Price in Retirement Plan ERISA Class Action

The complaint for this class action alleges that General Electric put too little aside in reserves for its insurance companies and thereby falsely inflated its earnings and stock price. But this is not a brought by stockholders as a securities case; it’s brought by participants in the GE Retirement Savings Plan under the Employee Retirement  Read more

GE Logo