LAS VEGAS (CN) - A shareholder made an honest effort to revise a shareholder class action against Sheldon Adelson and Las Vegas Sands, so he won't be sanctioned despite its dismissal, a federal judge ruled.
(CN) - The Delaware Chancery Court refused to dismiss a lawsuit against pawn-lending giant EZCorp's controlling shareholder alleging that he siphoned off the company's cash through dubious contracts with his consulting firm.
(CN) - A shareholder derivative action says McGraw Hill Financial's board members should be held responsible for Standard & Poor's credit rating misrepresentations which have so far cost it $1.67 billion.
(CN) - Shareholders claim in court that GoPro Inc. executives misled investors about the company's financial status and the anticipated performance of one of its camera products.
(CN) - A biotech firm that makes drugs derived from the cannabis plant slacked off when it came to accounting for the cost of its clinical studies, shareholders claim in court.
HOUSTON (CN) - Flotek Industries directors sold $12.7 million in company stock before news broke that they inflated the share price with false data about its oil drilling fluids, a class of shareholders claims.
(CN) - Investors claim in a class action that solar power company Vivint's pending $2 billion merger is tailored to benefit majority owner Blackstone Group at the expense of minority shareholders.
(CN) Fitbit Inc. investors claim in a class action that the company lied in connection to its $732 million June 2015 initial public offering.
MANHATTAN (CN) - Chipotle faces a federal shareholder class action lawsuit after authorities linked the burrito giant to four separate health scares around the country last year.
DAYTON, Ohio (CN) - A class of consumers say two investment firms defrauded them by running a $66 million Ponzi scheme with a man accused of mail and wire fraud.
(CN) - Between February 2013 and December 2015, the Securities and Exchange Commission filed 19 action, almost half involving fraud allegations, tied to the EB-5 Immigrant Investor Program, according to Stephen Cohen of the SEC's enforcement division in testimony before the U.S. Senate Committee on the Judiciary.
(CN) - While petty criminals rot in record numbers in U.S. jails, corporate executives accused of wrongdoing avoid similar fates, says a new report released by Sen. Elizabeth Warren's office (D-MA) highlighting the weak prosecution of corporate crime compared with the U.S.'s fierce prosecution of street crime.
(CN) - The Securities Industry and Financial Markets Association has told the Department of Labor that proposed rules for a state-sponsored "auto IRA" savings program are a "step in the wrong direction."
BROOKLYN (CN) - Martin Shkreli, a pharmaceutical bad boy who jacked up the prices of a life-saving HIV drug by 5,000 percent, will be shutting his mouth from now on about the federal securities case against him, his new high-profile attorney told a crush of reporters Wednesday.
AUSTIN (CN) - The Texas Ethics Commission narrowly rejected an advisory opinion that would have allowed embattled Texas Attorney General Ken Paxton to use out-of-state donations to defend himself on felony securities fraud charges.