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IPO Misstatements

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.