SAN FRANCISCO (CN) - A federal judge refused to dismiss a second shareholder class action against Volkswagen, finding its failure to warn investors about its use of emissions-cheating software in 11 million vehicles was "misleading."
(CN) - A Delaware judge ordered Phixios Holdings to allow a shareholder to inspect its books and records, after ruling that the shareholder's interest could not be rescinded based on his efforts to compete with the company.
MANHATTAN (CN) - Battered for three years by a corruption scandal, the Brazilian oil giant Petrobras persuaded a U.S. appeals court to partly decertify a shareholders class accusing the state-run company of fraud.
SAN FRANCISCO (CN) - Volkswagen must face claims that it misled investors about its liability for installing emissions cheating software in some 11 million vehicles worldwide, but only for statements issued after May 2014, a federal judge ruled.
(CN) - Shareholders filed a derivative action against medical device maker Endologix over its failure to win FDA approval for an aneurysm sealing system - and the subsequent plummet of its share price.
(CN) - A group of alleged fraudsters is facing charges brought by the The Securities Exchange Commission accusing them of swindling more than a hundred victims out of more than $14 million through a cold-calling penny stock scam.
(CN) - A shareholder derivative action filed in Charlotte seeks to compel Capital Bank to release information the class claims is vital to its making an informed decision on the bank's proposed merger with another regional bank.
AUSTIN, Texas (CN) - A pair of class-action lawsuits claim a financial statement issued by Whole Foods to its stockholders did not disclose potential conflicts of interest and other relevant information about its proposed merger with Amazon.
MANHATTAN (CN) - Citing news articles that attributed the rapid spread of last month's fatal London apartment fire to highly flammable aluminum siding, an investor who owns shares of the manufacturer Arconic brought a federal class action in New York.
(CN) - Fertility-treatment firm OvaScience has been hit with a shareholder derivative lawsuit over claims that board members awarded themselves excessive compensation despite year after year of corporate losses.
(CN) - Care Capital Properties shareholders are demanding access to information they claim was left out of statements filed with the Securities Exchange Commission in connection to a $7.4 billion acquisition by Sabra Health Care REIT Inc.
(CN) - At the request of President Donald Trump, the Department of Treasury conducted a review of the U.S. financial regulatory system, and its June report blames the "obstacles" of the Dodd-Frank reforms for dragging down growth.
(CN) - The landmark Department of Labor fiduciary rule is now in effect, broadening the triggers for when financial professionals have the heightened responsibility of a "fiduciary" when dealing with clients' retirement plans.
(CN) - The Financial Industry Regulatory Authority has moved forward with proposals aimed at tightening regulation of brokers with records of professional misconduct.
(CN) - The Federal Reserve slapped BNP Paribas S.A. and some of its U.S. subsidiaries with a $246 million fine for what it said were the firm's unsafe and unsound practices in foreign exchange markets.
(CN) - The Royal Bank of Scotland has reached a $5.5 billion settlement with the Federal Housing Finance Agency over mortgage-backed securities issued before the financial crisis.
(CN) - A Florida broker is one of several co-conspirators slapped with a prison sentence for participating in an elaborate scheme to manipulate the market for ForceField Energy stock.
(CN) - The SEC's acting enforcement director, Stephanie Avakian, will share the division's top post with Steven R. Peikin, a prominent corporate defense attorney, SEC Chair Jay Clayton announced.