Failure To Disclose Operational Problems
This federal securities class action lawsuit is brought against SouFun Holdings, which operates a real estate internet portal in China, for making misleading statements and failing to disclose that: (1) SouFun employees routinely created “fake contracts”; (2) Defendants were aware that SouFun employees routinely created “fake contracts”; and (3) as a result, the Company’s public statements were materially false and misleading and lacked a reasonable basis at all relevant times.
This federal securities class action lawsuit is brought against GNC for releasing false material statements and failing to disclose that: (1) GNC unlawfully sold thousands of units of products in Oregon that contained picamilon; and (2) GNC unlawfully sold thousand of units of products in Oregon that contained BMPEA. The above statements artificially inflated GNC’s stock price inducing the Plaintiffs to purchase its securities.
This class action lawsuit alleges ChinaCache made false statements and failing to disclose that (1) the platform migration to High Performance Cloud Cache (HPCC) was not successful.
This securities fraud class action alleges that Globus, a medical device company, failed to disclose (1) its relationship with a significant distributor was deteriorating; (2) the deterioration negatively impacted Globus’s financial performance; and (3) as a result, Globus’s prospects and statements were false and misleading.
This lawsuit alleges that Volkswagen AG made materially false and misleading statements and omissions to investors concerning company operations, financial condition and outlook and specifically failed to disclose that it had utilized a "defeat device" in certain diesel cars which allowed the vehicles to temporarily reduce emissions during testing yet emit at dramatically higher levels outside of testing conditions.
This is a securities fraud class action brought against LSB Industries, Inc. alleging that LSB failed to disclose that LSB’s costs related to the expansion of the El Dorado Facility would be significantly higher than reported, which made LSB’s statements about its business operations and prospects false and misleading.
This securities fraud class action alleges that Sientra failed to disclose that (1) its exclusive reliance on Silimed’s Brazilian manufacturing facilities carried significant quality control risks and (2) the manufacturing processes at the Silimed Rio de Janeiro manufacturing plant were contaminated.
This lawsuit alleges QLogic violated federal securities laws by failing to timely disclose an industry wide slow down and inventory build up at large OEM customer.
The lawsuit alleges that Chrysler failed to disclose flaws in its manufacturing process that led to millions of vehicles being recalled as those vehicles were unsafe to drive.
This lawsuit alleges that Investment Technology Group operated an undisclosed trading platform that apparently used pending client trade information to make undisclosed trades.