Facebook, Nvidia push SCOTUS to limit “nuisance” investor suits after scandals
One case involves one of the largest tech scandals of all time, the Facebook-Cambridge Analytica data breach. In 2019, Facebook agreed to pay "more than $5 billion in civil penalties to settle charges by the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) that it had misled its users and investors over the privacy and security of user data on its platform,
Ronald Bauer pleads guilty to orchestrating a stock manipulation scheme, with sentencing set for May 20, 2025.
The news caused a significant decline in the price of TD Bank stock. On October 10, 2024, the price of the company's stock fell 6.4%, from a closing price of $63.51 per share on October 9, 2024, to ...
The Supreme Court is set to hear arguments in two cases concerning the pleading standard in securities fraud class actions. The Supreme Court is set to hear arguments in November in two ...
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an ...
The tech giant’s effort to fend off federal securities fraud lawsuits in Facebook v. Amalgamated Bank could narrow the opportunities for private investors to hold companies accountable under ...
A San Diego man charged with running an investment fraud scheme and taking millions in ill-gotten pandemic loan funds was ...
Donald M. Johnson, who pleaded guilty to a single count of broker-dealer registration violation and saw his probation revoked ...
A Cape Cod man has been sentenced to 10 months in prison after pleading guilty to securities fraud in June over his role in ...
Denny Bhakta was convicted on multiple charges, including securities fraud and money laundering, for a $35M fraud scheme.
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an ...
In two cases during the Supreme Court’s November argument session, the justices will debate how shareholders can hold ...
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