(CN) - Shareholders cannot sue BioMimetic Therapeutics for its "rosy assessments" of a bone therapy device's prospects for FDA approval because the company believed its own statements, the 6th Circuit ruled.
(CN) - Aveo Pharmaceuticals and its board misrepresented the prospects of its cancer drug tivozanib, and the company's share price dropped more than 90 percent when the FDA unexpectedly declined to approve the drug, a shareholders claim in a derivative action.
(CN) - Sotheby's board of directors adopted a "poison pill" strategy to protect entrenched board members from being voted out, shareholders claim in federal court
SAN FRANCISCO (CN) - With Marvell Technology Group facing a $1 billion patent infringement judgment, shareholders filed a class action derivative complaint against the company and seven officers and directors.
(CN) - Top executives at Weight Watchers International Inc. inflated stock prices before dumping their personal holdings in the company, shareholders claim in federal court.
(CN) - Biopharmaceutical company Geron Corp. failed to disclose poor results for its flagship cancer treatment drug imetelstat between June 16, 2013 to March 11, 2014 causing a dramatic decline in the company's stock price, investors claim in court.
SAN JOSE, Calif. (CN) - Stock prices for Intuitive Surgical dropped from $573 to $393 per share when it was found that the company had grossly underreported injuries and deaths caused by its da Vinci robotic surgery device, shareholders claim in a federal derivative complaint.
(CN) - Safeway Inc. investors claim the company is being sold on the cheap to Albertson's in a transaction valued at $9 billion.
(CN) - Apple shareholders claim in a derivative action that the company's board of directors is responsible for participating in a Silicon Valley conspiracy to fix tech industry wages, and thereby exposing the company to billions in potential wage restitution.
(CN) - CytRx Corp. paid writers to author articles about the biopharmaceutical company to artificially inflate its stock price, shareholders claim in a federal class action.
(CN) - A $45.2 billion merger between Time Warner Cable Inc. and Comcast Corp. would create a "behemoth" that is "too big to sell," shareholders claim in a class action.
MANHATTAN (CN) - Two Texas tycoons played a "global game of hopscotch" by hiding corporate assets in offshore accounts for 13 years, federal regulators told a jury.
(CN) - The Financial Industry Regulatory Authority is failing to provide adequate background checks of current and potential stockbrokers through its BrokerCheck disclosure system, a report by the Public Investors Arbitration Bar Association says.
LOS ANGELES (CN) - The SEC obtained an emergency order freezing accounts "holding money stolen from U.S. investors by Fleet Mutual Wealth Limited and MWF Financial - collectively known as Mutual Wealth," the agency said Wednesday.
(CN) - Securities and Exchange Commission employees make significantly above-average returns by selling stock ahead of a drop in price, a new study by a Emory University Professor and a Georgia State University Ph.D. student suggests.
(CN) - The Federal Reserve Board will give banks two extra years to divest from collateralized loan obligations as required by the Volcker rule.
(CN) - A new regulatory tool proposed by the Financial Industry Regulatory Authority is "massive" and "invasive," according to the Securities Industry and Financial Markets Association.