The NYSE is bracing for a civil lawsuit from the SEC after a botched technology upgrade paralyzed the exchange for about four hours in July 2015. In an announcement on Tuesday, Intercontinental Exchange, the NYSE’s parent company, confirmed that it had received a Wells Notice that states the SEC’s intention to sue. Read more Intercontinental Partners received its Wells Notice on December 29, …
The Shareholders Foundation announced that a deadline is coming up on August 22, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors in NYSE: GNW shares between October 30, 2013 and November 5, 2014. Investors who purchased a significant amount of shares of Genworth Financial Inc (NYSE: GNW) between October 30, 2013 and November 5, 2014, have …
A new report from Cornerstone Research indicates that securities class-action filings with accounting allegations rose for the third consecutive year. According to Accounting Class Action Filings and Settlements – 2015 Review and Analysis, the 71 filings last year exceeded the average over the past decade of 67 filings. There were 69 accounting-related case filings in 2014.