A lawsuit has been filed against Edgio, Inc. (formerly known as Limelight Networks, Inc.) in the United States District Court for the District of Arizona. The case, Esfandiari v. Edgio, Inc., et al., Case No. 2:23-cv-00691, represents those who purchased or acquired Edgio securities (NASDAQ: EGIO) between February 11, 2021 and March 12, 2023 (the [...]
The Securities Exchange Act of 1934 was allegedly violated by Credit Suisse Group AG (NYSE: CS) and a few of its senior employees, according to the Credit Suisse class action lawsuit. CASE ALLEGATIONS: Credit Suisse provides risk management solutions, such as managed investment products, wealth planning, succession planning, and trust services. It also provides wealth [...]
Charges of fraud have been brought by the Securities and Exchange Commission against Charles Winn LLC, its senior managers, Aaron David Scott-Britten (also known as Aaron David, Aaron Scott, and Aaron David K. Britten), and Ohran Emmanuel Stewart (also known as Elliott Stewart), as well as Casey Alexander, a senior sales representative of Charles Winn, [...]
Bittrex, Inc., a crypto asset trading platform, and its co-founder and former CEO, William Shihara, have been charged by the Securities and Exchange Commission (SEC) for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex Global GmbH, a foreign affiliate of Bittrex, Inc., for failing to register as a [...]
Plug Power Inc. is facing a lawsuit filed in the United States District Court for the District of Delaware. The lawsuit has been filed on behalf of all persons and entities who purchased or acquired Plug securities between August 9, 2022, and March 1, 2023. The investors have time until June 12, 2023, to apply [...]
The Securities and Exchange Commission (SEC) has filed charges against Terraform Labs PTE Ltd and Do Hyeong Kwon, a Singapore-based company, for a multi-billion dollar cryptocurrency asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC's complaint, from April 2018 until May 2022, Terraform and Kwon raised billions of [...]
A class-action lawsuit has been filed on behalf of investors who purchased certain securities of Dutch Bros Inc. between March 1, 2022, and May 11, 2022. The lawsuit was commenced in the United States District Court for the Southern District of New York and seeks to represent purchasers or acquirers of Dutch Bros Inc. (NYSE: [...]
The Securities and Exchange Commission today announced charges against Michael J. French, of Pendleton, South Carolina, and two companies controlled by him, MJF Holdings, LLC ("MJF Holdings") and MJF Capital, LLC ("MJF Capital"), for defrauding investors and misappropriating millions in investor funds. According to the SEC's complaint, French, through MJF Holdings, sold more than $20 [...]
Norfolk Southern, a transportation company, is facing legal action for allegedly violating federal securities laws by making false and misleading statements about its business operations and prospects. As a result, the company's investors have suffered significant losses. The company has been accused of putting profits and executive compensation above safety, including adopting a system that [...]
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