Past Lawsuits (125)

Yum! Brands, Inc. has been accused of violating American securities laws. According to an investor in the company’s stock (NYSE:YUM), some of the statements that people associated with the company made were not true and were responsible for leading the public to erroneous conclusions. Because these allegedly untrue statements were made, the investor decided to file a lawsuit in the U.S. District Court for the Central District of California.

A class action lawsuit has been filed in the U.S. District Court for the Northern District of Illinois against Tellabs, Inc. (NASDAQ: TLAB) for violations of the Securities Exchange Act of 1934. Shareholders allege that the executive officers of the company released false or misleading information about the company during the period of October 26, 2010 and April 26, 2011.

Shareholders filed a class action suit against magicJack VocalTec Ltd (NASDAQ:CALL) in the U.S. District Court for the Southern District of New York. The lawsuit filed accounts for any person or entity that bought common stock of magicJack between February 28, 2012 and January 8, 2013.

One of the inherent dangers of investing in over-the-counter stocks is that the regulatory regime is different than that typically required of larger companies listed on the various exchanges, all of which employ strenuous screening processes to ensure the viability of the company and guarantee the reputation of the exchange itself. At times, some companies have taken advantage of the more self-regulatory nature of the OTC markets and allowed some guidance to be provided that does not really square with the facts as known.

Verisign, Inc. has been charged with violating the federal securities laws of the United States, and it has been accused of doing so by an investor in its stock (NASDAQ:VRSN). According to the investor, executives of Verisign, Inc. made statements that were untrue and deceptive to the public. In response, this investor filed a lawsuit with the U.S. District Court for the Eastern District of Virginia. 

The U.S. District Court for the Central District of California received a lawsuit from someone who invested funds in Longwei Petroleum Investment Hold, Ltd. (NYSEAMEX:LPH) stock. This investor filed this lawsuit in response to statements directors and officers of this company made that were untruthful and deceptive. The investor is alleging that the statements in question violate federal securities laws. 

The former auditors of the company Electronic Game Card, Inc. have been accused of violating federal securities laws. These allegations were made by an investor who purchased Electronic Game Card, Inc. (PINK:EGMIQ) common stock. In response to these alleged violations, this investor filed a lawsuit against the company in the U.S. District Court for the Southern District of New York.  

Groupon Inc., the Internet company that made headlines in 2010 when it turned down a nearly $6 billion merger and acquisition offer from Google, has been served with a new civil complaint. The claims this time are at the center of a class-action lawsuit for the period beginning on May 14th, 2012 and ending on November 8th, 2012.  

A lawsuit has been filed in the United States district court by an investor who holds shares in Hemispherx BioPharma Inc. (symbol: NYSEAMEX: HEB). It is alleged that the company has violated certain certain security laws regarding one of their proprietary new medications. The suit, filed in the Eastern District of Pennsylvania in the U.S. district court maintains that false and misleading statements have been made regarding the new drug Ampligen, one of Hemispherx BioPharma's latest pharmaceuticals.  

Attorneys for investors and shareholders of CommonWealth REIT, a publicly-traded company listed on the New York Stock Exchange under the symbol CWH, have announced the filing of a class-action civil lawsuit against the company. The claims against CommonWealth REIT allege that some of the officers and directors of the company may have violated rules set by the Securities and Exchange Commission (SEC) from the period beginning on January 10th, 2012 and ending on August 8th, 2012.  

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