Investment

Notices May 13, 2019

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Boston Scientific Corporation of Class Action Lawsuit and Upcoming Deadline – BSX

NEW YORK, NY / ACCESSWIRE / May 13, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Boston Scientific Corporation (“Boston Scientific” or the “Company”) (BSX) and certain of its officers. If you are a shareholder who purchased Boston Scientific securities during the class period, you have until June 24, 2019, to ask the Court to appoint you as Lead Plaintiff …

Settlements May 1, 2017

Theranos Settles Lawsuit With Partner Fund

Theranos Inc. settled a lawsuit alleging the company and its founder, Elizabeth Holmes, defrauded a San Francisco hedge fund into making a $96.1 million investment through “a series of lies,” the company said Monday. Neither Theranos nor the hedge fund that filed the suit, Partner Fund Management LP, disclosed the terms of the settlement. Partner Fund had said it sought to recoup its entire …

News Mar 31, 2017

Madoff Deals Locked in Safe at Center of U.K. Hedge-Fund Lawsuit

Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal. Founders Randall Dillard and Jeff Holland, and Head of Research Benjamin Funk sold the stake in March 2013 without disclosing secret investments in the largest of several Madoff “feeder funds,” …

Securities Mar 16, 2017

Lawsuit Claims Chesapeake Energy Stock Was Imprudent 401(k) Investment

A participant in the Seventy Seven Energy Inc. Retirement & Savings Plan has filed a lawsuit on behalf of the plan and a class of similarly situated participants in the plan against the 401(k) Fiduciary Committee, other plan fiduciaries, as well as Delaware Charter Guarantee & Trust Company d/b/a Principal Trust Company. The lawsuit alleges that Committee Defendants and Principal Trust …

News Dec 14, 2016

Lawsuit Funder Burford Buys Rival in the US

Two of the world’s biggest supporters of lawsuits are combining their businesses to create what one analyst described as a “gorilla” of the burgeoning industry. Shares in London-listed Burford Capital spiked 15pc after it unveiled its plan to spend up to $175m (£138m) to buy Gerchen Keller, a Chicago-based competitor in litigation funding. The two firms provide financing for claimants in …

Lawsuits Oct 21, 2016

Federal Lawsuit Filed Over Church Street South Housing Complex

A federal lawsuit has been filed against Northland Investment Corporation over claims of “demolition by neglect” at the Church Street South housing complex in New Haven. The lawsuit claims the company did not properly maintain the building, forcing families to move to motels last year. Units in the Section 8 complex were condemned because of mold and water and had to …

News Oct 15, 2016

Goldman Sachs Wins $1bn Lawsuit With the Libyan Investment Authority

Goldman Sachs on Friday won a lawsuit filed against it by the Libyan Investment Authority (LIA), a government-managed sovereign wealth fund. The Libyan fund had sued the American investment bank for $1.2bn (£984m) over losses that it had incurred from derivatives purchased in 2008. The LIA had alleged that Goldman Sachs had wooed the fund’s officials with prostitutes, fine-dining in London’s …

Notices Sep 30, 2016

Deadline Upcoming in $1.34 Million Settlement in the Longwei Petroleum Investment Holding Limited (AMEX:LPH) Investor Lawsuit – Press Release

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Longwei Petroleum Investment Holding Limited (AMEX:LPH) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on October 5, 2016 and AMEX:LPH investors should contact the Shareholders Foundation. …

News Sep 2, 2016

Penn Among Universities Targeted by Class Action Lawyers Over Pension Plans

The University of Pennsylvania is one of several universities being sued by employees amid allegations that the schools’ retirement plans come with excessive fees. In addition to the University of Pennsylvania, complaints were filed on behalf of employees of Duke University, Johns Hopkins University and Vanderbilt University. Before the latest round of complaints, lawsuits were …

Legal News Sep 2, 2016

Decision in AXA Excessive-Fee Lawsuit Preserves the Status Quo

A judge’s recent decision favoring AXA Equitable Life Insurance Co. in a lawsuit over excessive mutual fund fees in variable annuities was a win of sorts for insurance companies, in that it upholds a traditional structure of offering investment options. At issue in the lawsuit, Sivolella v. AXA Equitable Life Insurance Co. et al, is whether the insurer and an RIA subsidiary, which act as …