Posts Tagged ‘ Securities lawsuit ’

LAS Newsletter: Top Legal News, Free Delivery, Every Week

April 2nd, 2012. By AbiK

Sign up for our free weekly newsletter to keep up on the latest legal news: class action lawsuits, lawsuit settlements, mass tort litigation, securities fraud lawsuits, and more.

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This week’s top legal news: class action lawsuits for CarMax, GoDaddy, Dial Soap, Medicus Golf, Reebok Toning Shoes, Google Privacy, Yo-Plus Yogurt, Harley Davidson, and the Honda Hybrid.

Also, an update on Yasmin and Yaz lawsuits—what’s going on with talk of Bayer Yaz settlements and what does it mean for claimants?

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Tags: Class Action Lawsuit, Lawsuit Settlement, Legal News, Mass Tort, Newsletter, Securities lawsuit
Posted in Class Action, lawsuits, Personal Injury, Settlement | No Comments »

InSecurities: Securities Fraud Roundup 7.5.11

July 5th, 2011. By LucyC

Top Securities Fraud Stories

By now you know the script. InSecurities takes a look at some of the latest securities fraud happenings—where folks who thought they’d made some secure investments have found those investments, well, a bit insecure due to fraudulent—or alleged fraudulent—activity. So be prepared for those omnipresent words and phrases—like “materially false and misleading statements”. They tend to pop up here with some regularity, as you’ll see…

New Securities Lawsuits Filed

Our first Madoff Meter contender is Deutsche Bank AG. And DB brings us another of those omnipresent securities fraud phrases: “mortgage-backed securities” (you’ve heard that one before, right?)…

 

Company:                                        Deutsche Bank AG

Ticker:                                             DB

Class Period:                                  Jan-3-07 to Jan-16-09

Date Filed:                                      Jun-21-11

Lead Plaintiff Deadline:                  Aug-20-11

Court:                                             Southern District of New York

Madoff Meter:                      

The Allegations:

Not to be left out of the fray, Deutsche Bank (DB) is facing a securities class action brought on behalf of an institutional investor. Details above, and we’re talking big bucks, allegedly lost on ordinary shares during the period between January 3, 2007 and January 16, 2009 (the “Class Period”).

The complaint alleges that during the Class Period, DB issued materially false and misleading Read the rest of this entry »

Tags: Insecurities, Investment Broker, securities, Securities Fraud, Securities lawsuit, securities settlement, Stock Fraud, Stockbroker Fraud
Posted in Insecurities, Securities | No Comments »

InSecurities: Securities Fraud Roundup 6.7.11

June 7th, 2011. By LucyC

Top Securities Fraud Stories

So here we go…another roundup of all the securities fraud lawsuits that’ve recently cropped up and have hit our Madoff meter. So without further ado, let’s get straight to them…

New Securities Lawsuits Filed 

What was that Eurythmics Song?—Here Comes That Sinking Feeling Again…ok, so maybe Annie was singing about rain and whatever it represents and not about quicksand. But you can bet your bottom dollar that the folks who invested in WMS Industries during the class period here were probably feeling a bit under the weather with this one: WMS Industries Inc. Securities Fraud…

Company:	WMS Industries Inc
Ticker:	WMS
Class Period:	Nov-1-10 to Apr-11-11
Date Filed:	May-25-11
Lead Plaintiff Deadline:	Jul-24-11
Court:	Northern District of Illinois
Madoff Meter:

The Allegations:

WMS Industries, which designs, manufactures and distributes both video and mechanical slot machines and video lottery terminals, got hit with a securities class action in the latter half of May alleging materially false and misleading statements. Yes, that old chestnut.

The allegations state that WMS has not been successful in living up to claims that it would continue to post sales revenue and margin gains “without the benefit or need for the recovery of overall demand or the casino gaming replacement cycle.”

For those of us not following the ups and downs of the electronic gaming industry—it’s in a down Read the rest of this entry »

Tags: Duke Energy, Insecurities, Logitech International, Madoff Meter, Oclaro Inc, Securities lawsuit, securities settlement, Tellabs, Urban Outfitters, WMS Industries
Posted in Emerging Issues, Insecurities, Securities | No Comments »