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Tag: shareholder suit
Shareholder suit targets TrueCar
2015-05-28 22:40:03| Auto Dealers - Topix.net
TrueCar's legal woes mounted Wednesday as the online car-buying service was hit with a shareholder lawsuit alleging that it misled its investors about how it does business. The suit, filed in federal court in Los Angeles, seeks class-action status on behalf of shareholders who sustained losses on TrueCar stock since its May 2014 initial public offering, and opens up a new avenue of attack against the company, which has had a history of run-ins with state regulators and conflicts with auto dealers within and outside its network.
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GM shareholder files securities fraud suit over ignition recall
2014-03-22 00:57:13| Automakers - Topix.net
A shareholder filed a class-action lawsuit against General Motors in Detroit on Friday, saying stockholders were defrauded by the Detroit automaker's failure to disclose ignition switch problems earlier.
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Judge: Apple shareholder suit shows 'likelihood of success'
2013-02-20 04:16:12| CNET News.com
Judge hearing arguments over a proxy proposal says he sees merit in case but does not immediately issue a ruling on whether to block the shareholder vote. [Read more]
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Miami Beach pension fund wins shareholder suit over currency derivatives
2013-01-09 15:45:28| Paper - Topix.net
Fibria Celulose agreed to pay shareholders $37.5 million to settle a lawsuit brought by the City of Miami Beach Pension Fund for Firefighters and Police Officers over $2.13 billion of currency-derivative losses in 2008, according to a court filing.
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