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21 May 2019, 10:08 am by John Jascob
In a new lawsuit in California’s Northern District, a family trust is alleging that Lyft Inc. misled investors in documents supporting its recent IPO regarding the company's national market share, safety issues regarding its bike sharing business, and labor issues, causing the share price to be artificially inflated and resulting in investor losses when the truth came out (Malig v. [read post]
20 Mar 2020, 3:01 pm by John Jascob
When the truth came to light, according to the complaint, the company’s stock price fell by 71 percent (McDermid v. [read post]
9 Oct 2017, 1:48 pm by John Jascob
Weaver, of the U.K. and Canada, is the last defendant in this action against whom a judgment has been obtained (SEC v. [read post]
3 Jun 2014, 5:44 am
  The court explained that certifying a class asserting such a damage theory would be “patently inappropriate,” and, citing the Supreme Court’s decision in Comcast Corporation v. [read post]
29 Mar 2017, 5:01 am by James Edward Maule
A recent United States Tax Court case, Gaines v. [read post]
The court was not convinced that the plaintiffs’ allegations that the defendants’ representatives attended meetings where MAPs were discussed met the  pleading standard set forth in Bell Atlantic v. [read post]
19 Dec 2023, 8:10 am by A. Hunter Faulkner, Esq.
Recently, a federal jury in the Middle District of Missouri found the National Association of Realtors (“NAR”) and two major real estate brokerages—Keller Willams and HomeServices of America—liable under United States antitrust laws for conspiring to fix prices in the class action lawsuit, Burnett v. [read post]
1 Apr 2009, 8:20 am
  If so, and  banks are hindered by an accounting rule that forces them to  "mark" them  down to an artificially low "market" price, then FASB's change of heart could help them eventually see more money. [read post]
16 Sep 2011, 1:39 pm
The Justice Department has been investigating Bridgestone’s involvement in international cartel activities relating to the sale of marine hose since May 2007, according to the statement.The case is U.S. v. [read post]
2 May 2007, 1:52 pm
Mallonee made the downpayment and paid all settlement fees and recording costs; the balance of the purchase price was obtained by mortgaging the property. [read post]
5 Dec 2006, 10:14 am
., Milberg Weiss, Bernstein Liebhard, and Schiffrin & Barroway — lick their wounds over the Second Circuit ruling that the lawsuit alleging fraud in the pricing of IPOs can’t proceed as a class action. [read post]