Tuesday, July 22, 2014 4:47 PM PT
By ADAM KLASFELD 

     MANHATTAN (CN) - A JPMorgan Chase shareholder jumped the gun in filing a derivative lawsuit against CEO Jamie Dimon in connection with "six recent, high-profile settlements with government agencies and private litigants arising out of allegations of egregious misconduct," a federal judge ruled. 

By LORRAINE BAILEY 

     (CN) - Two executives at Apollo Group did not engage in short-swing trading by settling derivative contracts just months before selling shares on the open market, the 2nd Circuit ruled. 

By PHILIP A. JANQUART 

     (CN) - The 10th Circuit ruled shareholders cannot prove Chesapeake Energy Corp. and its officers intentionally withheld information to inflate the company's stock price. 

By NICK DIVITO 

     MANHATTAN (CN) - The Texas tycoons behind arts-and-crafts franchise Michaels Stores did not engage in insider trading on a $40 million off-shore deal, a federal judge ruled. 

By DESHAYLA STRACHAN 

     MIAMI (CN) - The former vice president of a TD Bank subsidiary may be liable for aiding and abetting in securities fraud violations in south Florida, a federal judge ruled. 

By LORRAINE BAILEY 

     (CN) - PricewaterhouseCoopers, MF Global's auditor, may be liable for giving "egregious" advice regarding the brokerage's investment strategy that led to its collapse, a federal judge ruled. 

By ROSE BOUBOUSHIAN 

     (CN) - Securities regulators persuaded the 11th Circuit to publish its findings against telecom executives whose phony invoices generated more than $100 million in fraudulent revenue. 

By ADAM KLASFELD 

     (CN) - The Supreme Court refused to weigh in on the attempt to accuse major banks of aiding and abetting in Bernie Madoff's colossal Ponzi scheme. 

By BARBARA LEONARD 

     WASHINGTON (CN) - The Supreme Court has agreed to decide the fate of an appeal brought by challengers accusing about a dozen banks of manipulating the London interbank offered rate (LIBOR). 

By ADAM KLASFELD 

     MANHATTAN (CN) - PricewaterhouseCoopers and Citco lack standing to contest the terms of a $50.3 million settlement that an investor class reached with a feeder fund linked to Bernie Madoff's enormous Ponzi scheme, the 2nd Circuit ruled. 

By PHILIP A. JANQUART 

     (CN) - Bancorp Inc. failed to disclose that the bank was under-reserved for potential loan losses and that it's practices violated the Bank Secrecy Act, shareholders claim in a class action.

By PHILIP A. JANQUART 

     (CN) - Endocyte Inc. failed to inform investors it used a less stringent set of criteria while evaluating a new cancer drug, causing stocks to plummet when the news was revealed, shareholders claim in court.

By PHILIP A. JANQUART 

     (CN) - Liquidity Services Inc. officers inflated stock prices before selling their shares and then disclosed company troubles, causing stocks to plummet, shareholders claim in a class action.

By LORRAINE BAILEY 

     (CN) - To thwart a hostile takeover attempt by activist shareholder Carl Icahn, Lions Gate Entertainment issued 16 million new shares without investor approval, resulting in an SEC fine and causing the studio's share price to fall more than 9 percent, shareholders claim in a class action.

By LORRAINE BAILEY 

     (CN) - PowerSecure shares fell more than 62 percent when the company disclosed rising operational costs and decreasing profits, problems that it allegedly hid from investors ahead of a $42 million public offering, a shareholder class action claims.

By LORRAINE BAILEY 

     
     (CN) - Kroger's $280 million offer for Vitacost does not account for the vitamin company's growth potential and falls below analysts' target price, Vitacost shareholders claim in a class action.

By LORRAINE BAILEY 

     (CN) - Executives at Advance Emissions Solutions used accounting tricks to conceal declining revenues, causing the company's share price to decline 20 percent when the news hit the market, a derivative action claims.

By MATT REYNOLDS 

     LOS ANGELES (CN) - Directors of American Apparel endangered the company and failed to prevent CEO Dov Charney from securing a majority stake in the company after he was ousted, a shareholder claims in a federal derivative complaint.

By NICKEESHA SWABY 

     (CN) - Shareholders claim in court that the acquisition price of 1st United Bancorp by Valley National Bancorp is too low.

By LORRAINE BAILEY 

     (CN) - CytRx executives hired a public relations firm that promoted CytRx stock on investing websites without disclosing that it was paid to do so, leaving the company potentially liable for securities fraud, a shareholder derivative suit says.

By LORRAINE BAILEY 

     (CN) - China Mobile knew its corporate officers were involved in a bribery scheme, but withheld that knowledge from investors until it fired nine executives at once, a class claims in federal court.

     WASHINGTON (CN) - Former New Mexico Gov. Toney Anaya is one of four people the SEC charged Wednesday with concealing from investors that Natural Blue Resources, a microcap company, was run by "two lawbreakers." 

     
     BOSTON (CN) - The SEC charged five men with conspiring to manipulate the stock price of an empty shell company - which the FBI actually controlled, in a hunt for stock manipulators. 

By ADAM KLASFELD 

     MANHATTAN (CN) - A federal jury found Rengan Rajartnam not guilty of the charges that brought down his older brother, Galleon Group founder Raj Rajaratnam.

By NICK DIVITO 

     MANHATTAN (CN) - Bernard Madoff's ex-accountant pleaded guilty this morning to conspiracy and falsifying records during Madoff's $20 billion Ponzi scheme.

By LORRAINE BAILEY 

     (CN) - SIFMA reiterated its opposition to the Department of Labor's proposed expansion of the fiduciary duty standard, claiming that it will harm everyday investors' ability to save for retirement.

By LORRAINE BAILEY 

     (CN) - When it comes to regulatory cooperation, talk is cheap and only meaningful action can "ensure global financial stability while maintaining open markets," E.U. Commissioner for Internal Market and Services Michel Barnier told the Peterson Institute for International Economics in Washington D.C. this month.

By NICKEESHA SWABY 

     (CN) - The U.S. Department of Labor's (DOL) plans to redefine the meaning of the word "fiduciary" in an effort to better standards of conduct for brokers has again been pushed back to January 2015 instead of August 2014 until key issues are further addressed.

By LORRAINE BAILEY 

     (CN) - With the passage of the JOBS Act, the legislation may expose investors to a higher risk of fraud and Congress needs to focus on investor protection while considering amendments to the act and learn from past mistakes when easing securities regulations, says NASAA President-Elect William Beatty.