Xerox Corporation (NYSE:XRX) [ Trend Analysis ], stock moved down around -0.21% in early session as its gaining volume of 25.8 Million. Khang&Khang LLP released that a class action lawsuit against Xerox Corporation (XRX). Investors who purchased or otherwise acquired shares between April 23, 2012 and October 23, 2015 inclusive, are encouraged to contact the Firm in advance of the December 23, …
Theranos and its CEO, Elizabeth Holmes, are being sued by investors who claim Holmes lied about the company’s technology as the startup raised funds. The lawsuit, filed in California, names two shareholders who are seeking class-action status. They include Robert Colman, a co-founder of Robertson Stephens , the San Francisco investment bank.
Walmart Transportation has been ordered by a federal jury to pay 850 current and former truck drivers a total of $55 million in back pay, stemming from a 2015 ruling that the retail giant’s private fleet did not comply with California minimum wage laws. Notably, the fleet did not pay drivers for federally stipulated 10-hour off-duty periods, accounting for $44.7 …
A new class-action lawsuit claims that an electric company deceived Maine consumers and shorted them of $35 million. The lawsuit filed in U.S. District Court in Portland Nov. 18 claims that Electricity Maine used fraud and deception to enroll 200,000 Maine households and small businesses with the promise of substantial cost savings. But attorney Benjamin Donahue says after a …
It looks like the BLU Products saga isn’t over yet, as the US-based company is now facing a lawsuit over the backdoor that was discovered on its smartphones last week. For those of you who don’t remember, security contractors found a backdoor in the form of pre-installed software that monitors the location of the smartphone’s user, as well as whom they talk to and what they write in their text …
The lawsuit claims that AMD bosses, including Rory Read and Lisa Su, made “false and misleading statements to investors about the manufacturing and subsequent launch of, as well as the demand for, its Llano microprocessor” back in 2011 and 2012. Their case claims that AMD and its management violated the Securities Exchange Act. The court has ruled that anyone who bought AMD stock between April …
Futuristic transportation startup Hyperloop Technologies Inc. said it resolved a lawsuit brought by former employees, who in turn said they’ve started a competing company. The June lawsuit’s allegations included defamation, breach of fiduciary duty, nepotism, and even a stray noose or rope left on one …
Pomerantz LLP announces that a class action lawsuit has been filed against Lannett Company, Inc. (“Lannett” or the “Company”) (NYSE: LCI ) and certain of its officers. The class action, filed in United States District Court, Eastern District of Pennsylvania, is on behalf of a class consisting of all persons or entities who purchased Lannett securities …
Life isn’t so sweet for Splenda in what could turn into a bitter courtroom battle . Heartland Consumer Products, the Carmel-based company behind Splenda, is suing Dunkin’ Brands Inc., alleging the company is misleading consumers into thinking they are getting the real Splenda when …
Japanese carmaker, Toyota, has agreed to settle a US Federal class action for up to $3.4bn. It was brought by US owners of pickup trucks and SUVs whose claimed their frames could rust through. The proposed settlement covers 1.5 million Tacoma compact pickups, Tundra full-size pickups and Sequoia SUVs.