Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the …
Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company’s stock price on a wild ride up, and then down. In a proposed class …
FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar fraud before the crypto exchange’s collapse. Sullivan & Cromwell’s services “went well beyond those a law firm should and ordinarily …
U.S. Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on securities they hold, the Wall Street Journal reported on Friday, signaling a retightening of bank oversight is in the cards following last …
BOSTON — The co-founder of a Florida financial firm facing investor lawsuits alleging securities fraud has died by suicide, and a spokesperson on Monday denied wrongdoing, saying the death was not connected to a class action lawsuit filed last week. …
Liquid Claims LLC, a claims settlement services provider for investors involved in securities class action suits, has launched Forecast Plus, a software tool designed to provide clients with a detailed analysis of the their losses and possible recoveries. Forecast Plus …
Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank’s 2008 acquisition of Merrill Lynch & Co. U.S. District Court Judge P. Kevin Castel ruled that …
Securities suit filings are on track to set a new record in 2011, according to Advisen Ltd’s most recent quarterly report and sponsored by ACE. Following on the heels of the credit crisis, which sparked record-setting litigation in 2008 and …