Wednesday, August 09, 2017 6:46 PM PT
By NICKEESHA SWABY 

     
     (CN) - Concordia International Corp. lost a bid to dismiss a class action launched by investors in New York's Southern District. 

By LORRAINE BAILEY 

     (CN) - The Dodd-Frank Act does not categorically protect corporate disclosures made to financial regulatory agencies from Freedom of Information Act requests, the D.C. Circuit ruled.
 

By LORRAINE BAILEY 

     
     (CN) - Stratasys investors cannot show the company intentionally misled investors about its essentially inoperable MakerBot 3-D printer line, a product failure that cost the company 75 percent of its value, the 8th Circuit ruled. 

By NICHOLAS IOVINO 

     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." 

By LORRAINE BAILEY 

     (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to allow a shareholder to inspect its books and records, after ruling that the shareholder's interest could not be rescinded based on his efforts to compete with the company. 

By ADAM KLASFELD 

     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. 

By LORRAINE BAILEY 

     
     (CN) - A Delaware judge declined to dismiss a shareholder suit challenging Sorrento Therapeutics board's decision to transfer valuable assets to subsidiaries. 

By NICKEESHA SWABY 

     (CN) - DuPont Fabros Technology Inc. is set to be acquired by fellow data center company Digital Realty Trust Inc. for $7.6 billion but investors claim they're in the dark due to lack of information and unable to determine the fairness of the deal.

By LORRAINE BAILEY 

     
     (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.

By NICKEESHA SWABY 

     (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. 

By ELLEN ROBINSON 

     (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. 

By RYAN KOCIAN 

     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. 

By CHRISTINE STUART 

     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. 

By LORRAINE BAILEY 

     (CN) - Sinovac investors are taking the biopharm firm's CEO to court for the alleged bribery of a Chinese official ahead of $400 million go-private deal. 

By LOWELL NEUMANN NICKEY 

     WILMINGTON, Del. (CN) - Asking a federal judge to block Tribune Media Co.'s planned $3.9 billion sale to Sinclair Broadcast Group, a class of shareholders says the deal is fundamentally unfair. 

By IZZY KAPNICK 

     (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.

By NICKEESHA SWABY 

     (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.

By TISH KRAFT 

     (CN) - Federal financial agencies say they will coordinate a review of potential "unintended consequence(s)" of the Volcker rule, which could keep certain financial funds from investment trading in the United States.

By LORRAINE BAILEY 

     (CN) - In response to Sen. Orrin Hatch's request, the Securities Industry and Financial Markets Association outlined its concerns for any future tax reform legislation, arguing that an increase in taxation on banking activities or capital gains will inhibit investment. 

By LORRAINE BAILEY 

     (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. 

By ADAM KLASFELD 

     MANHATTAN (CN) - Scandal-plagued Wall Street financier Benjamin Wey maintained his innocence after federal prosecutors dropped securities fraud charges they could not sustain after a federal judge tossed evidence from bad searches.

By JOSH RUSSELL 

     BROOKLYN (CN) - After five days of deliberation, a jury of seven women and five men found scorned pharmaceutical executive Martin "Pharma Bro" Shkreli guilty on federal charges of securities fraud.

By NICKEESHA SWABY 

     
     (CN) - A New York-based investor relations professional has been sentenced to three years in prison for his role in manipulating the stock price of LED lighting company ForceField Energy Inc., causing a $131 milliion in investor losses.

By ADAM KLASFELD 

     MANHATTAN (CN) - Blaming a cooperating witness for sinking the case, federal prosecutors dropped all charges against two former JPMorgan Chase executives accused of trying to hide more than $500 million tied to the "London Whale" trading scandal.

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