Celadon Admits to Securities Fraud

Recently, the Indiana trucking company, Celadon, agreed to pay restitution of $42.2 million to its shareholders after it settled with the U.S. Department of Justice on securities fraud charges. Celadon is a publicly traded company that provides trucking and transportation services in the United States, Mexico and Canada. The settlement requires that Celadon pay $5 […]

Investment Banker Found Liable for Fraud Over Email Written by His Boss

The U.S. Supreme Court recently held an investment banker liable for fraud even though he did not draft the fraudulent communication that he later transmitted to a potential investor. In Lorenzo v. Securities and Exchange Commission, the Supreme Court deliberated on the issue of whether fraud was committed when Francis Lorenzo, the director of investment […]

Cryptocurrency Lacks Comprehensive Regulation

Virtual currencies, commonly known as cryptocurrency, have gone from relative obscurity to extreme popularity among investors in a short period of time. Bitcoin and other cryptocurrencies, which are powered by blockchain technology, have a collective value in the billions. As cashless payment systems have become more prevalent, however, regulation has struggled to catch up, leaving […]

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 […]