CEOs, take cover! Shareholders lawsuits are back and are on the rise. According to "Corporate Board Member" magazine, the number of lawsuits in 2007 rose to 166 compared with just 116 for 2006. Some obvious reasons are the stock backdating scandal that burst on...
Company Announces Upgraded Model to Predict Shareholder Lawsuits LOS ANGELES -- Audit Integrity today announced the launch of the AGR Litigation Model 2.0, a newly upgraded version of its shareholder litigation risk assessment model, which is widely used by insurance companies and financial institutions to identify corporations at...
A state judge has granted a preliminary injunction to stop the sale of Salt Lake City-based USANA Health Sciences Inc. outstanding common stock shares. Third District Judge Paul Kennedy sided with the plaintiff, Max J. Silberman, of Ohio, in granting the injunction, putting the brakes on the...
BOCA RATON, Fla. -- K&G Creations (JewelNet Corp.) announced that a lawsuit was filed in the Eastern District of North Carolina Western Division under case number 5:08-cv-00274-H against Charles & Colvard (Nasdaq: CTHR) and 4 of the company's top ranking officers. Charles & Colvard, the world's sole source for Moissanite...
The announcement that Anheuser-Busch and InBev agreed to a friendly merger has dimmed the prospects for lawyers who filed shareholder lawsuits against the St. Louis-based beer maker. Anheuser-Busch and Belgium-based InBev said Sunday that the companies agreed to InBev's purchase of A-B at a price of...
The announcement that Anheuser-Busch and InBev agreed to a friendly merger has dimmed the prospects for lawyers who filed shareholder lawsuits against the St. Louis-based beer maker. Anheuser-Busch and Belgium-based InBev said Sunday that the companies agreed to InBev's purchase of A-B at a price of...
A state judge on Monday listened to arguments about whether a USANA Health Sciences Inc. shareholder should get a preliminary injunction to stop the sale of the company's outstanding shares of common stock. Third District Judge John Paul Kennedy conducted the hearing after closing the courtroom. Attorneys...
MOUNT LAUREL, July 14 /PRNewswire-FirstCall/ -- MedQuist Inc. (Pink Sheets: MEDQ) today announced that its board of directors declared a dividend of $2.75 per share on MedQuist's common stock. The dividend will be paid on August 4, 2008 to shareholders of record as of the close of business...
BENSALEM, Pa., July 11 /PRNewswire/ -- Law Offices of Howard G. Smith announces an August 5, 2008, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of all persons who purchased or otherwise acquired the common or preferred stock of Franklin...
A shareholder class action lawsuit has beenfiled in the United States District Court for the Central District ofCalifornia on behalf of purchasers of MRV Communications, Inc. ("MRV" orthe "Company") (NASDAQ: MRVC) common stock during the period between March31, 2003 and June 5, 2008 (the "Class Period"). The complaint charges...
A shareholder class action lawsuit has beenfiled in the United States District Court for the District of Massachusettsagainst State Street Corporation (NYSE: STT) and others on behalf ofpurchasers of the SSgA Yield Plus Fund (NASDAQ: SSYPX) (the "Yield PlusFund" or the "Fund") who purchased shares of the Fund within the...
Empire National plans its third Long Island branch Empire National Bank has a third branch in the works, besides its Islandia headquarters and a branch in Shirley. Architects are currently working on the empty Entenmann's Bakery space on Nesconset Highway in Port Jefferson Station...
FOSTER CITY, Calif. -- Electronics For Imaging, Inc. ("EFI") (Nasdaq:EFII) today issued the following notice related to the class and derivative litigation about the Company's historic stock option granting practices: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ...
The American brewer Anheuser-Busch came out fighting yesterday in response to InBev's hostile move to oust the group's entire board. Anheuser, which makes Budweiser, is trying to derail the $46bn (23bn) takeover approach from the European brewer InBev by filing a lawsuit preventing it from calling on...
-- Lawsuit by EBS is without merit and part of its overall strategy to cripple PSC, force PSC to sell its business without getting shareholder approval and to provide EBS with cover for failing to provide funding to PSC. -- PSC will vigorously defend itself and continue to...
The Dallas-based technology law firm of MunckCarter, P.C. is expanding its labor and employment section with theaddition of attorney Michael A. McCabe, who joins the firm as ashareholder. Mr. McCabe defends businesses in complex business and employment litigationmatters. He is Board Certified in Labor and Employment Law by the TexasBoard...
Law offices of Brodsky & Smith, LLCannounces that a class action lawsuit alleging an expanded class period hasbeen filed on behalf of all persons who purchased the common stock ofWachovia Corp. ("Wachovia" or the "Company") (NYSE: WB) between May 8, 2006and June 6, 2008. The class action lawsuit was...
CHICAGO, July 8 /PRNewswire-FirstCall/ -- Card Activation Technologies (OTC Bulltin Board: CDVT), owners of a patented point-of-sale technology for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards, today said that the Company is continuing to...
RADNOR, Pa., July 8 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Middle District of Tennessee on...
TYLER, Texas -- On July 1, 2008 CMKM Diamonds, Inc. was awarded a $33,675,365 judgment in a Nevada District Court against one of the former insiders of the Company, John Edwards. Mr. Edwards was labeled as one of the two "masterminds" of the scheme to defraud investors of over $64...
Articles 2008-07-08
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