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IPO Misstatements

Tintri Logo

When Tintri, Inc. decided to go public, it made the required filings of Registration Statement and Prospectus with the Securities and Exchange Commission (SEC). The initial public offering (IPO) raised $60 million for the company, but the complaint for this class action claims the filings contained false and misleading statements, in violation of Sections 11 and 15 of the Securities Exchange Act of 1934.

OvaScience Logo

With women preferring to have children at later ages, successful fertility treatments are a promising product, even for a company that has not yet earned any revenue. According to the complaint, however, OvaScience, Inc. made misrepresentations about its Augment procedure in the Registration Statement for its initial public offering (IPO), in violation of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933. The complaint claims that, among other things, the company tried to avoid FDA regulation, used too small a sample size and a flawed study design, and tried to claim a success rate that the study did not in fact show.

J.Jill Catalog Image

J.Jill sells clothing and accessories for women ages 40-65 and it has a “loyal, engaged, and affluent” customer following, but according to the complaint for this class action, the information provided in the Registration Statement for its March 2017 IPO was insufficient to provide investors with a true picture of the company’s prospects. The complaint claims that the omissions from the Registration Statement amount to violations of the Securities Act of 1933.

Terraform securities fraud

This securities lawsuit alleges that the Registration Statement and Prospectus related to an initial public offering (IPO) of TerraForm Global contained materially incorrect or misleading statements and omitted material information that was required by law to be disclosed, ultimately resulting in losses to the plaintiff and prospective class members.

This securities class action alleges that FSC, an asset portfolio company, and FSAM, its asset manager and investment advisor, fraudulently and artificially inflated FSC's assets and investment income in order to increase FSAM's revenue and, later, sell FSC's shares in a subsequent initial public offering at a higher price to investors.

This lawsuit alleges that executives of On Deck Capital made materially false and misleading statements regarding On Deck Capital’s business, operational and compliance policies including the true rate of default for the company’s loan portfolio was steadily increasing and the true value of the company’s loan portfolio was in material decline. 

Part of Forterus, an AAC Facility

This lawsuit alleges that AAC Holdings and its CEO failed to disclose to investors that the company, the CEO, and other employees were under criminal investigation for murder in connection with the operation of its facilities.

MaxPoint Interactive Local Digital Advertising Software Platform

This securities fraud lawsuit alleges that MaxPoint Interactive failed to properly disclose to investors during its IPO that most of its business was concentrated in less than 50 customers subjecting MaxPoint Interactive to undisclosed customer budget constraints.  MaxPoint has lost 60% of its value since the IPO in March, 2015.