The Utah Legislature is on the verge of granting approval for a settlement in a lawsuit that accuses state officials of improperly utilizing millions of dollars in federal grant funds. Senate Joint Resolution 7, which was recently disclosed prior to the upcoming legislative session, aims to endorse a $1.55 million settlement to be paid by [...]

Toronto-Dominion Bank, commonly known as TD Bank, has agreed to pay $1.2 billion to settle a lawsuit accusing the bank of being involved in a notorious Ponzi scheme orchestrated by disgraced financier Allen Stanford over a decade ago. The settlement, announced on Monday, involves TD Bank paying $1.205 billion to a court-appointed receiver who will [...]

Time is running out for Michigan workers who were wrongly accused of unemployment fraud to participate in a $20 million class action settlement with the state. Michigan Attorney General expressed hope that affected residents would seize this opportunity to join the class settlement, acknowledging that while it cannot undo the hardships they endured, it does [...]

The Securities and Exchange Commission (SEC) has taken an emergency action by filing a lawsuit against Roy W. Hill and Eric N. Shelly, along with their controlled entities Clean Energy Technology Association, Inc. (CETA) and Freedom Impact Consulting, LLC (FIC). The SEC alleges that Hill and Shelly engaged in a fraudulent securities offering that has [...]

Wells Fargo Bank is facing a class action lawsuit filed in a federal court in California, where a group of consumers accuses the bank of knowingly facilitating scams by allowing fraudulent companies to open bank accounts. The plaintiffs, John McCraner, Sharon Stiansen, Janet Pollard, Michael Darlington, Susan R. Landreau, and John N. Tuffield, initiated the [...]

The Securities and Exchange Commission (SEC) has filed a complaint against Cedric Dewayne Griffin for alleged involvement in a fraudulent securities offering. According to the SEC, Griffin raised around $5.9 million from at least 103 investors, mainly targeting members of the African-American community in Jacksonville, Florida, and other areas. The complaint accuses Griffin of luring [...]

Brett M. Bartlett, his father-in-law Scott A. Miller, and their companies have been charged by the Securities and Exchange Commission (SEC) for engaging in fraudulent securities offerings that raised over $20.5 million, which was misused for personal expenses. The SEC's complaint alleges that Bartlett and Miller raised funds from more than 1,000 investors nationwide by [...]

Stanley Black & Decker, Inc. ("Stanley") is facing a securities class action lawsuit for allegedly violating federal securities laws by making misleading statements and omissions related to the company's business, operations, and prospects. The lawsuit alleges that the company's investors suffered significant losses due to Stanley's materially misleading statements and omissions. On October 28, 2021, [...]

A lawsuit has been filed against Medical Properties Trust (MPW). The complaint alleges that the defendants engaged in deceptive practices by misrepresenting the financial state of Medical Properties. Specifically, the company used sale-leaseback agreements to mask the financial distress of its tenants, allowing them to meet their obligations in the short term. Additionally, the defendants [...]