Failure To Disclose Operational Problems
This lawsuit alleges that Whole Foods misrepresented to shareholders that its operational controls were strong yet the company routinely overstated the weight of its pre-packaged products and overcharged customers. This caused Whole Foods' stock to be artificially inflated.
This securities fraud class action alleges that Plains All American Pipeline issued false and misleading statements concerning its pipeline monitoring, maintenance and spill response measures, as well as its compliance with federal regulations governing its pipeline operations.
This securities fraud lawsuit alleges that executives at Pier 1 Imports systemically understated the cost to move into online retail channels and systemically overstated forecasted future revenues.
This securities fraud class action alleges that ConforMIS knew of manufacturing problems relating to its joint replacement devices during its IPO and immediately thereafter but failed to warn investors. Less than two months after its IPO, ConforMIS announced that it was recalling 950 joint replacement devices (650 of which had already been used to place joint implants in patients) for an apparent manufacturing problem.