How to Recover Financially After Fraud

Individuals who have experienced the devastating effects of financial fraud can spend years replenishing their bank accounts and restoring their damaged credit. During this stressful time, knowing what steps to take to fully recover financially can help individuals and families move forward. Properly Report the Crime Early reporting of financial crimes like fraud is essential […]

CBS Executives Accused of Insider Trading

CBS CEO Les Moonves was forced to leave the company after numerous allegations of sexual misconduct came to light. Now Moonves is coming under fire again, facing new allegations of insider trading. A lawsuit filed recently claims that he and other CBS executives sold off massive amounts of CBS stock shortly before the sexual misconduct […]

Red Hat and IBM Deal Leads to Shareholder Complaints

Technology giant IBM’s recent acquisition of open source software company Red Hat continues to make waves in the investment world. By merging with Red Hat, IBM can operate beyond its current infrastructure, which relies heavily on in-house private servers and third-party cloud sources. The merger allows secure and portable interfaces across multiple cloud platforms. While […]

Benefits of Class Action Lawsuits

Class action lawsuits are useful for groups of individuals who have suffered a loss due to a company’s harmful actions. By banding together instead of pursuing separate lawsuits, individuals who have suffered harm can consolidate their efforts and increase their chances of success. There are several significant benefits to class actions, compared to what plaintiffs […]

Risk Management Investor Class Action Against Credit Suisse Continues

On February 19, 2019, Judge Lorna G. Schofield, of the United States District Court for the Southern District of New York, recently ruled that investors in Credit Suisse Group AG (“Credit Suisse”) sufficiently alleged that the bank concealed risk management issues in its fixed-income franchise before $1 billion in write-downs in 2016. The class, headed […]

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GoPro To Settle Stock Drop Class Action for $6.75 Million

A proposed class of investors in GoPro, Inc. (“GoPro”) have requested that the United States District Court for the Northern District of California approve a $6.75 million settlement of claims that the action camera company hid mistakes that caused its stock prices to fall. The suit accuses GoPro of announcing a new camera, HERO5, and […]

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FINRA Targets Non-Attorneys Representing Clients in Arbitration

The Public Investors Arbitration Bar Association has known of a troublesome arbitration-linked fact for some time. So too have proven securities law attorneys who diligently represent clients in private arbitration matters before the Financial Industry Regulatory Authority. That it this: Material harm has been suffered by many investors over the years who have relied upon […]

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Transamerica Faces 401(k) ERISA Class Action

On December 28, 2018, a proposed class of approximately 17,000 participants in the 401(k) Plan for Transamerica Corp. (“Transamerica”) sued the financial services company in the United States District Court for the Northern District of Iowa. The participants are accusing Transamerica of violating the Employee Retirement Income Security Act (“ERISA”) by including six obviously underperforming […]

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SEC’s Whistleblower Program Having Marked Success

Numbers speak loudly regarding evaluations surrounding the anti-fraud whistleblower program established by the U.S. Securities and Exchange Commission back in 2011 pursuant to the enactment of the federal Dodd-Frank legislation. Here’s an example: Whistleblowers coming forward with key tips helping regulators spotlight and punish securities fraud collected more money in the past fiscal year than […]