Investors have agreed to settle a nine-year class-action lawsuit against Kansas City-based NovaStar Mortgage Inc. and three Wall Street banks over investment losses tied to subprime mortgages. The settlement calls for a $165 million cash payment from NovaStar Mortgage, Royal Bank of Scotland, Wells Fargo and Deutsche Bank, according to a statement from the investors’ attorneys. All four had …
Monteverde & Associates PC Files Class Action Lawsuit On Behalf of Shareholders of Seventy Seven Energy, Inc. in the Western District of Oklahoma News provided by Mar 14, 2017, 12:27 ET Share this article NEW YORK, March 14, 2017 /PRNewswire/ — Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for Western District of …
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of Kandi Technologies Group, Inc. securities (KNDI) from March 16, 2015 through March 13, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Kandi investors under the federal securities laws. To join the …
DALLAS–(BUSINESS WIRE)–Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against HMS Holdings Corp. (“HMS” or “Company”) (NasdaqGS: HMSY) and several officers and directors for acts taken during the period of May 10, 2016 and March 2, 2017 (the “Class Period”). …
FireEye is close to paying $10.3m to settle a class-action lawsuit alleging that the security firm misled investors about the effectiveness of its security technology. Santa Clara Superior Court Judge Peter Kirwan said he was minded to approve the negotiated settlement once details such as proposed attorneys’ fees and procedures for litigants to opt out had been resolved. The dispute dates back …
ChinaCast Education Corp. took shelter in New York bankruptcy court from investors holding a $65.8 million judgment over the alleged corporate looting that brought down the now-defunct e-learning company. Wednesday’s chapter 11 filing will allow ChinaCast to continue pursuing its former executives for alleged embezzlement and securities fraud while shielding it from a pending investor class- …
The Genworth campus off West Broad Street near Glenside Drive. (Michael Schwartz) A local Fortune 500 company’s deal to be acquired and taken private by a Chinese conglomerate has caught the ire of at least one disgruntled investor. The members of the board of directors of Henrico-based insurance giant Genworth Financial were sued last week in Richmond federal court by shareholder Harold …
Shares of Uranium Energy Corp. (UEC) gained nearly 1% in early morning trading on news that the company won a dismissal in a case before the United States District Court for the Southern District of Texas. The court issued a final judgment in favor of the uranium firm by dismissing a class-action lawsuit against the company. “The Court dismissed the action in its entirety with prejudice to the …
Robbins Geller Defeats Defendantsâ Motion for Reconsideration in Securities Class Action Against Willbros Group, Inc. In an order dated September 15, 2016, Judge Keith P. Ellison of the U.S. District Court for the Southern District of Texas denied defendants’ motion for reconsideration of the court’s order denying defendants’ motion to dismiss in a securities class action charging Willbros …
A federal judge granted class-action status to Wal-Mart Stores Inc. shareholders who filed a lawsuit in 2012 alleging the retailer defrauded investors by covering up a bribery scheme in Mexico. In a Fayetteville ruling earlier this week, U.S. District Court Judge Susan Hickey rejected Wal-Mart’s argument that the City of Pontiac General Employees’ Retirement System — a Michigan-based …