Stock Losses
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
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
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
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
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
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
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
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
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
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