Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. …
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The …
A Rite Aid Corp. shareholder on March 20 filed a securities class action lawsuit against the company as well as former and current executives, alleging Rite Aid has given false or misleading statements regarding its alleged distribution of unlawful opioid …
Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous chemicals in East Palestine, Ohio. In a lawsuit filed March 16 in Columbus, Ohio, …
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank made false or misleading statements pertaining to the potential impact rising interest rates could …
A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and …
The size of federal class action lawsuits accusing companies of securities fraud has dropped significantly, new studies show, as the bull market in stocks approaches its sixth birthday. Losses claimed by shareholders, measured by how much stock prices fell when …
