CDI Corp. Hit with Securities Lawsuit Regarding Proposed Merger
August 31, 2017 A CDI Corp. stockholder has filed suit against the company and its board of directors over allegations that it violated the Securities Exchange Act of 1934.
August 31, 2017 A CDI Corp. stockholder has filed suit against the company and its board of directors over allegations that it violated the Securities Exchange Act of 1934.
August 18, 2017 Sequans Communications S.A. and two chief officers are defendants in a proposed class action lawsuit alleging they violated federal securities law by misleading the investing public about their business process.
August 17, 2017 In the wake of a damning New York Times report, Envision Healthcare faces a lawsuit claiming it violated federal securities laws.
August 16, 2017 A stockholder has filed suit against Rocket Fuel Inc. and its board of directors over allegations that they failed to disclose to the public required information concerning a proposed merger between the company and Sizmek Inc.
August 14, 2017 HD Supply Holdings, Inc. is facing another proposed securities class action over allegedly making false and misleading statements.
August 11, 2017 GlobalSCAPE, Inc. and two of the company’s top executives are facing a securities lawsuit centered around their allegedly misleading statements regarding the company's 2016 fourth quarter results, which were later restated.
August 10, 2017 Rocket Fuel Inc. and its board of directors are facing a proposed class action lawsuit filed by a stockholder who claims they filed a misleading recommendation statement in connection with a merger between the company and Sizmek Inc.
August 8, 2017 Maximus, Inc. and three of the company’s senior executives are facing claims that they deceived the investing public with promises of success despite being aware that the company was struggling to perform on one of its key contracts.
August 8, 2017 The Advisory Board Company and two top executives are facing claims that they misled investors regarding the success of their acquisition of Royall & Company.
August 4, 2017 Rice Energy, Inc. and its board of directors have been accused of issuing a 'materially incomplete and misleading' registration statement in connection with a potential merger between the company and EQT Corporation.
August 4, 2017 WashingtonFirst Bankshares, Inc., members of its board of directors, Sandy Spring Bancorp, Inc., and subsidiary Touchdown Acquisition, Inc. are facing a proposed securities class action filed on behalf of WashingtonFirst stockholders.
July 31, 2017 Arconic Inc. and its board of directors are facing a proposed securities lawsuit that claims Arconic knowingly sold flammable wall cladding used in the remodeling of London's Grenfell Tower and is therefore liable for the building's deadly fire.
July 28, 2017 Allegedly 'incomplete and misleading' proxy statements are at the center of a securities lawsuit filed against boating/fishing supply retailer West Marine.
July 28, 2017 The acquisition of NCI, Inc. by H.I.G. Capital LLC is under fire in a proposed securities class action case filed in Virginia.
July 28, 2017 A proposed securities class action has been filed against Arconic in the wake of the June 14 Grenfell Tower fire in West London.
July 27, 2017 NCI, Inc. and its board of directors are the defendants in a proposed class action lawsuit alleging that the company and its executives issued a misleading recommendation statement to investors regarding a proposed merger with H.I.G. Capital, LLC.
July 27, 2017 Zebra Technologies Corporation and two executives are defendants in a proposed class action that claims they filed misleading statements regarding the company’s finances and understated the 'material weaknesses' they had inherited in an acquisition.
July 26, 2017 A stockholder has filed suit against PAREXEL International Corporation and its board of directors alleging that the defendants issued a misleading proxy statement in relation to a proposed merger with Pamplona Capital Management, LLP.
July 26, 2017 Capital Bank Financial Corp. and its board of directors are facing a proposed class action lawsuit for allegedly omitting information from a registration statement issued in connection with a potential merger.
July 26, 2017 ARI Network Services, Inc., its board of directors, True Wind Capital, L.P., and two affiliates are facing a proposed class action that claims they failed to disclose required information in a proxy statement.
July 25, 2017 MRV Communications, Inc., its board of directors, ADVA NA Holdings, Inc., and Golden Acquisition Corporation are facing claims that they failed to disclose to stockholders material information concerning a proposed acquisition of MRV by ADVA.
July 25, 2017 ARI Network Services, Inc. and its board of directors are the defendants in a proposed class action lawsuit that claims they misled stockholders in a proxy statement they issued regarding a proposed acquisition.
July 21, 2017 NCI Inc. and members of its board of directors have been named as defendants in a proposed class action lawsuit that claims they withheld material information from shareholders in their recommendation of a proposed acquisition of the company.
July 21, 2017 ASB Bancorp, Inc., its board of directors, and First Bancorp (FBNC) are defendants in a lawsuit that claims they failed to fully inform stockholders of necessary information related to a proposed merger between ASB and First Bancorp.
July 21, 2017 Capital Bank Financial Corp., its board of directors, First Horizon National Corporation, and Firestone Sub, Inc. are facing claims that they failed to disclose all the necessary information regarding a proposed merger.
July 19, 2017 ASB Bancorp. and its board of directors are in hot water, with a class action alleging the parties submitted incomplete information to the SEC.
July 19, 2017 A Whole Foods shareholder is the plaintiff in a proposed class action lawsuit filed in the aftermath of the grocer’s acquisition by Amazon.
July 19, 2017 Care Capital Properties faces more securities litigation in the wake of its proposed acquisition by Sabra Health Care REIT.
July 18, 2017 Tribune Media Company, its board of directors, Sinclair Broadcast Group, Inc., and Samson Merger Sub Inc. are facing another proposed class action lawsuit that accuses them of misleading stockholders in connection with a proposed merger.
July 18, 2017 A proposed class action lawsuit has been filed against Capital Bank Financial Corp. and its board of directors alleging that the defendants failed to disclose required information regarding a proposed merger with First Horizon National Corporation.
July 17, 2017 ASB Bancorp, Inc. and its board of directors are facing a proposed class action lawsuit that claims they failed to disclose necessary information regarding a proposed merger with First Bancorp.
July 14, 2017 Care Capital properties can't escape securities litigation stemming from its forthcoming acquisition by Sabra Health Care REIT.
July 13, 2017 Tribune Media Company, its board of directors, Sinclair Broadcast Group, Inc., and Samson Merger Sub Inc. are the defendants in a proposed class action lawsuit that claims they failed to disclose necessary information regarding a proposed merger.
July 12, 2017 A stockholder has filed claims against INC Research Holdings, Inc. and the members of its board of directors alleging that they issued an 'incomplete and misleading' proxy statement in connection with a merger between INC and inVentiv Health, Inc.
July 7, 2017 Ocular Therapeutix, Inc. and four executives are facing a stockholder’s claims that they misled investors about the quality and future success of Dextenza – a drug currently undergoing clinical trials for the treatment of certain eye conditions.
July 6, 2017 Xactly Corporation and its board of directors are named in two class actions over alleged violations of federal securities law.
July 5, 2017 A Chemonics International, Inc. employee has filed suit against GreatBanc Trust Company for allegedly allowing pension plan participants to acquire company stock at inflated prices and then suffer financial losses.
July 3, 2017 Care Capital Properties, Inc. and the company’s board of directors are facing allegations that they misled stockholders concerning a proposed merger between Care Capital and Sabra Health Care REIT, Inc.
June 29, 2017 A stockholder has filed suit against Swift Transportation Company and its board of directors for allegedly failing to disclose necessary information in a registration statement associated with a proposed merger between Swift and Knight Transportation Inc.
June 26, 2017 The nation's second-largest tobacco company and its board of directors are facing a class action alleging violations of federal securities laws.
June 20, 2017 CardConnect Corp. and the company's board of directors are being sued over a proposed merger between CardConnect and First Data Corporation.
June 20, 2017 A proposed class action lawsuit has been filed against Threshold Pharmaceuticals, Inc. and its board of directors claiming the company misled investors.
June 20, 2017 A proposed securities class action filed in Virginia alleges Booz Allen Hamilton Holding Corporation and its CEO and CFO made false and misleading public statements.
June 16, 2017 Forestar Group Inc. and its board of directors are facing claims that they misled stockholders by filing a misleading proxy statement in connection with a merger.
June 16, 2017 HCSB Financial Corporation, its board of directors, and United Community Banks, Inc. have been hit with a securities lawsuit that claims they misled investors.
June 16, 2017 Reynolds American Inc. (RAI) and its board of directors are facing claims that they issued a misleading proxy statement in connection with a merger between RAI and BAT.
June 14, 2017 OneBeacon Insurance Group, Ltd. and nine members of the company's board of directors are facing claims that they misled stockholders by failing to disclose information.
June 14, 2017 VWR Corporation and its board of directors are facing another securities lawsuit filed by a stockholder who claims the company issued a misleading proxy statement.
June 14, 2017 Fleetcor Technologies, Inc. and two chief officers are the defendants in a proposed class action that claims they deceived shareholders as to the source of their success.
June 14, 2017 Cabela's Incorporated and its board of directors are facing a proposed class action from a stockholder who claims investors were misled by the company's proxy statement.