Legal Eagle Review
Pomerantz Law Firm Has Filed a Class Action Against Groupon
- Details
- Written by GNW
New York, New York - Pomerantz Haudek Grossman & Gross LLP has filed a federal securities class action (1:12-cv-02460) in the United States District Court, Northern District of Illinois, on behalf of all persons who purchased or otherwise acquired Groupon, Inc. ("Groupon" or the "Company") (Nasdaq:GRPN) common stock pursuant and/or traceable to the Company's Registration Statement and Prospectus (collectively, the "Registration Statement"), as amended, issued in connection with its November 4, 2011 initial public offering (the "IPO"), and/or purchased or otherwise acquired Groupon common stock during the period from February 8, 2012 through and including March 30, 2012.
SEC Charges South Florida Man in Investment Fraud Scheme
- Details
- Written by LER
Oakland Park, Florida - The Securities and Exchange Commission Friday charged that a South Florida investment manager defrauded investors by making false claims about his investment track record and providing bogus account statements that reflected fictitious profits.
SEC Charges Texas Bank Holding Company’s CEO and CFO with Misleading Investors
- Details
- Written by Legal Eagle Review
Houston, Texas - The Securities and Exchange Commission announced that it charged Franklin Bank Corp.’s former chief executives for their involvement in a fraudulent scheme designed to conceal the deterioration of the bank’s loan portfolio and inflate its reported earnings during the financial crisis.
SEC Freezes Accounts of Six Chinese Citizens and One Offshore Entity Charged with Insider Trading
- Details
- Written by SEC
Washington, DC - The Securities and Exchange Commission announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and one British Virgin Islands entity charged with insider trading in Zhongpin Inc., a China-based pork processor whose shares trade in the U.S.
U.S. and Canadian Securities Regulators Discuss Closer Cooperation on Cross-Border Oversight
- Details
- Written by LER
Washington, DC - The Securities and Exchange Commission announced Tuesday that its senior staff met last week with counterparts at the Ontario Securities Commission (OSC) to discuss ways to further strengthen cooperation regarding their supervision of financial firms.
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