NEW ORLEANS (CN) - BP's investors can sue as a class over $2.5 billion in losses they claim to have suffered after the 2010 Deepwater Horizon disaster led to a sharp decline in the energy giant's share prices, a federal appeals court ruled.
(CN) - Shareholders claim in a class action that a merger between Adept Technology and Omron Management Center of America benefits Adept executives and board members while failing to properly consider investors.
(CN) - Whole Foods' deceptive product labeling drew the wrath of the New York City Department of Consumer Affairs and sparked a scandal that "irreparably damaged" the company's image, a shareholder claims in court.
(CN) - Chipmaker Marvell Technology lacked internal financial controls and botched its quarterly revenue numbers, triggering a steep decline in its stock price, shareholders claim in court.
(CN) - Cellceutix Corporation made false statements about its anti-cancer and anti-bacterial drugs and a company co-founder lied about getting his doctorate from Harvard, a class of shareholders claims.
CHICAGO (CN) - Shareholders filed a class action to halt the proposed dissolution of Swisher Hygiene, claiming the plan resulted from the company's spectacular mismanagement.
(CN) - A securities dealer "with an extensive disciplinary history" stole lavishly from the $14 million he bilked from investors while promising them "Indestructible Wealth" through "God's Way," the SEC claims in court.
SANTA ANA, Calif. (CN) - A minimum wage increase and a menu change were hurting Pollo Loco's profits, but company insiders dumped $132 million of their stock before they disclosed it, shareholders claim in a class action.
SEATTLE (CN) - A real estate developer diverted nearly $18 million from Chinese investors who sent him $125 million, seeking residency under a visa program, the Securities and Exchange Commission claims in court.
. NASHVILLE (CN) - A substance abuse treatment company did not disclose murder and adult abuse charges against it for a patient's death, causing stock to suddenly drop after news of an indictment, a class claims.
(CN) - State securities regulators generated 271 criminal cases and more than $400 million worth of restitution orders in the 2014 reporting period, according to the North American Securities Administrators Association's annual enforcement report.
(CN) - The Securities and Exchange Commission announced a "comprehensive package" of proposed reforms to regulate open-end funds' liquidity risk management.
(CN) - The Securities and Exchange Commission's new rules governing money market funds eschew the use of credit ratings to determine what securities are permissibly safe for a money market portfolio.
WASHINGTON (CN) - The Senate Judiciary Committee received mixed messages this month as they received comment on a proposal to rewrite the rules on the government's collection of personal electronic data.
MANHATTAN (CN) - A venture capitalist who owns Equities Magazine defrauded investors while reaping nearly $20 million in profits by manipulating Gerova Financial Group stock, federal prosecutors say in an indictment.
(CN) - A Chicago federal jury found two real estate workers guilty of insider trading on Thursday for making nearly a quarter of a million dollars on their knowledge of corporate acquisitions.
(CN) - New York Global Group founder Benjamin Wey is being charged with securities fraud in connection with reverse mergers, Manhattan U.S. Attorney Preet Bharara said, announcing the unsealing of an indictment against Way and his Swiss banker Seref Dogan Erbek.