Securities Class Actions Increase Again in 2024; AI-Related Filings Double February 4, 2025 The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings...
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer September 16, 2024 By Chad Hemenway It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of...
Musk Accused of $7.5 Billion of Insider Trades in Investor Suit June 3, 2024 By Jef Feeley Elon Musk had inside knowledge of a miss on production and delivery numbers that Tesla Inc. was facing when he...
Boeing Is Sued by Shareholders Following MAX 9 Blowout February 1, 2024 By Jonathan Stempel Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment...
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits May 1, 2023 By Jack Queen A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to...
Rite Aid Faces Securities Suit Over Allegedly Filling Unlawful Opioid Prescriptions March 21, 2023 By Chad Hemenway A Rite Aid Corp. shareholder on March 20 filed a securities class action lawsuit against the company as well as...
Norfolk Southern Shareholders Sue Over Ohio Derailment March 20, 2023 By Jonathan Stempel Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s...
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action March 14, 2023 By Chad Hemenway Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against...
Judge OKs 2 Shareholder Class Actions Against Facebook Over IPO December 30, 2015 By Jonathan Stempel A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior...
Securities Class Action Lawsuits, Settlements Get Smaller January 27, 2015 By Jonathan Stempel The size of federal class action lawsuits accusing companies of securities fraud has dropped significantly, new studies show, as the...