(CN) - A $1.7 billion merger between The Pantry Inc. and Couche-Tard undervalues stocks and is locked-up by unfair deal protection devices, shareholders say in Delaware Chancery Court.
(CN) - InvenSense Inc. officers and directors misled investors about its relationship with Apple Inc., causing stocks to artificially inflate and then plummet, shareholders claim in a derivative action.
LOS ANGELES (CN) - Two Southern California men, both in their 70s, pleaded guilty to running a Ponzi scheme that cost investors more than $100 million, federal prosecutors said.
(CN) - Pingtan Marine Enterprises participated in undisclosed transactions that resulted in false and misleading financial statements that artificially inflated the price of stocks, shareholders say in a federal class action.
(CN) - Archon Corp. miscalculated dividends and owes millions dating back to 2007, shareholders claim in a class action.
(CN) - Aeterna Zentaris Inc. touted a drug before it obtained Food ane Drug Administration approval, resulting in investor losses, shareholders claim in a federal class action.
SEATTLE (CN) - PIMCO's "shocking payments" of more than $1.5 billion in executive bonuses for an underperforming mutual fund violate securities laws and should be clawed back, a shareholder claims in court.
CLEVELAND (CN) - The Steris' Corporation's plan to buy a Swindon, England based sterilization services provider for $1.9 billion will expose its shareholders to massive capital gains tax losses, a lawsuit filed by a pension fund claims.
(CN) - Sanofi S.A. paid tens of millions of dollars in kickbacks to sell the company's drugs and fired a whistleblower for reporting it, shareholders say in a federal complaint.
(CN) - American Realty Capital Properties relied on a false registration statement related to the acquisition of Cole Real Estate Investments, Inc. causing its post-merger share price to plummet when the news was revealed, claims a shareholder in Baltimore County Circuit Court.
FORT WORTH (CN) - Life settlement provider Life Partners Holdings has filed for bankruptcy protection as it appeals the SEC's $46 million judgment against it.
MANHATTAN (CN) - A former executive who blew the whistle on Countrywide Financial is in line to get $57 million for helping Uncle Sam collect a record $16.6 billion penalty for Countrywide's role in the financial crisis.
(CN) - Bernard Madoff's long time assistant was sentenced to six years in prison today for her role in the Ponzi scheme that cost investors as much as $20 billion.
(CN) - A federal judge on Monday sentenced Bernard Madoff's former director of operations to 10 years in prison and order him to forfeit $155 billion for his role in the multi-billion fraud scheme.
(CN) - A Senate subcommittee heard testimony on the alleged vulnerability of Federal Reserve regulators to adopting the viewpoints of the bankers they regulate, and imposing "bland" discipline for infractions.
(CN) - The Financial Industry Regulatory Authority has proposed a rule that would require firms to disclose buy and sell prices when transactions involve the same security on the same day.