shareholder class action Archives

Shareholder Class Action Complaint Filed Against InsurTech Root

With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the InsurTech carrier has been named in a shareholders class action complaint, multiple ...

CEO Personally Liable for $148M in Unfair Buyout: Delaware Judge

The billionaire chief executive of Dole Food Co. and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware ...

BlackBerry Faces Class Action Shareholder Lawsuit

A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would fare against ...

Meadowbrook Says Class Action Without Merit

Acknowledging that class actions are often launched against public companies that experience stock drops, Meadowbrook Insurance Group nonetheless issued a press statement on Thursday to respond to a ...

BP Asks Judge to Deny Investor Class-Action Against Company, Officers

BP Plc asked a federal judge to deny U.S. investors the right to pursue a class action, or group, lawsuit claiming the company misled them before and after the 2010 Gulf of Mexico oil spill. The ...

Barclays Wins Dismissal Of U.S. Shareholder Lawsuit Over LIBOR

Barclays Plc, the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money ...