The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased PTC Inc. (NASDAQ:PTC) securities between November 24, 2011 and July 29, 2015. …
Supreme Court rejects review of BP shareholder lawsuit By Devin Henry – 05/02/16 10:55 AM EDT The Supreme Court will not hear arguments from a group of BP shareholders looking to sue the company over the 2010 Gulf Coast oil spill. A group of investors who had purchased shares in BP before the spill has looked to sue the company, saying it mislead potential investors about its safety standards …
Securities Investors Association (Singapore), or SIAS, announced this week that it will not hesitate to take errant companies to court – representing minority investors in class-action suits more commonly seen in jurisdictions like the United States. The association’s announcement begs the question: is such an action a viable alternative for minority investors here seeking…
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming April 29, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased G. Willi Food International Ltd. (“G. Willi” or the “Company”) (NASDAQ: WILC) securities between April 30, 2014 and February 18, 2016, inclusive (the…
BERLIN Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit, for damages of 3.256 billion euro ($3.61 billion), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is …
CEO Matthias Mueller makes a statement, following a meeting ahead of deadline to inform U.S. regulators on plans to comply with standards, at the VW factory in Wolfsburg, Germany November 20, 2015. Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty …
Almost 300 institutional investors in Volkswagen have filed a multi-billion dollar suit against the carmaker for what they claim were breaches of its stock market duty in the emissions cheating scandal. The lawsuit, for damages of €3.3bn ($3.6bn), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is being brought by 278 investors from all over the …
NEW YORK Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing $3.1 billion of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages, a federal judge ruled on Wednesday. U.S. District Judge Alison Nathan in Manhattan said Belgium’s Royal Park Investments SA/NV may pursue claims that the trustee Deutsche Bank National Trust Co …
A class action has been filed against Cnova NV (“Cnova” or the “Company”) (NASDAQ: CNV) and certain of its officers, directors, and underwriters of Cnova’s IPO for violations of the federal securities laws. The case is pending in the United States District Court for the Southern District of New York on behalf of all investors who purchased or otherwise …
Bill Parry started getting calls from his clients immediately — and they were furious. At 4:00 p.m. on Dec. 1, General Electric issued a statement saying it was pulling about $5 billion in preferred stock from the market and exchanging it for shares with new terms. The securities had plummeted, erasing about $500 million in market value and enraging investors.