Class Action News
Drug Lawsuit News
|Tellabas Securities Class Action Lawsuit|
|Monday, 28 January 2013 06:00|
Tellabas Securities Class Action Lawsuit
By Andrea Gressman
It was recently announced that a securities class action lawsuit was filed against Tellabs Inc. (NASDAQ: TLAB) on the behalf of those who purchased shares of Tellabs between the dates of October 26, 2010 and April 26, 2011. The securities lawsuit charges Tellabs and some its executive officers with violating the federal securities laws.
|Last Updated on Tuesday, 19 February 2013 17:50|
|Longwei Petroleum Securities Class Action Lawsuit|
|Wednesday, 23 January 2013 06:00|
Longwei Petroleum Securities Class Action Lawsuit
By Andrea Gressman
A securities class action lawsuit has been filed against Longwei Petroleum Investment Holding Limited (LPH) in the U.S. District Court for the Central District of California. The securities lawsuit was filed on behalf of all persons or entities that made a purchase of any Longwei common stock between the dates of May 17, 2010 and January 3, 2013.
|Last Updated on Tuesday, 19 February 2013 17:51|
|Envivio Hit with Securities Class Action Lawsuit|
|Monday, 21 January 2013 06:00|
Envivio Hit with Securities Class Action Lawsuit
By Christina Drury
A significant drop in the expected revenue for Envivio (NASDAQ: ENVI) has resulted in the filing of a securities class action lawsuit. The lawsuit claims that Envivio had blatantly overstated its expected revenues and kept pertinent information from the investors who were purchasing securities and thus, violated Securities Act of 1933 – the act that was established to regulate both the offer and the sale of securities. Since the initial purchase offering (IPO), the value of Envivio’s securities has plummeted 79% calling for the filing of the securities fraud lawsuit.
|Last Updated on Tuesday, 19 February 2013 17:52|
|Credit Suisse Employee Accused of Securities Fraud|
|Wednesday, 16 January 2013 17:03|
Credit Suisse Employee Accused of Securities Fraud
By John Curran
For many investors, the successful outcome of stock fraud lawsuits is a civil action where they recoup some of their lost income. While it is much more rare, criminal actions also serve a benefit as a deterrent to other company officials who may be considering cooking the books. In the worst case of securities fraud, that may indeed come to fruition, with a U.S. banking official extradited from London to face charges here.
|Last Updated on Wednesday, 16 January 2013 17:03|
|Stock Fraud Statutes of Limitations May Increase|
|Tuesday, 15 January 2013 14:24|
Stock Fraud Statutes of Limitations May Increase
By John curran
The Supreme Court will have to decide this year about a key point in stock fraud cases: when the clock on the statute of limitations begins. Gabelli Funds LLC has a vested interest in the outcome; they face substantial fines if the court rules in favor of the SEC.
|Last Updated on Tuesday, 15 January 2013 14:24|