Hall, et al. v. Variable Annuity Life Ins. Co., et al.
Plaintiffs, members of a certified class of securities fraud plaintiffs whose certification order was vacated in 2004 (the Drnek action), filed a class action in 2009 reciting the same claims...
View ArticleIn Re: Houston Amer. Energy Corp.
Plaintiffs, investors, alleged that they purchased defendants' stock in reliance of defendants' material misrepresentations. The district court granted defendants' motion to dismiss. The court...
View ArticleJanvey, et al. v. Brown, et al.
Plaintiff, the receiver for the Stanford entities, filed suit seeking to recover funds that were paid to defendants, purchasers of certificate of deposits from Standard International Bank (SIB) as...
View ArticleBach, et al. v. Amedisys, Inc., et al.
Plaintiffs filed suit against Amedisys and others, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. 78u-4(b)(4). Plaintiffs claimed that Amedisys...
View ArticleHalliburton, Inc. v. Administrative Review Board, Dept. of Labor
An employee of Halliburton, Anthony Menendez, submitted a complaint to management about the company's questionable accounting practices and also filed a complaint with the SEC. The Review Board...
View ArticleHeck v. Triche
Defendant appealed the district court's judgment imposing liability on him for violations of the Louisiana Securities Law, La. Rev. Stat. Ann. 51.701 et seq. The court denied plaintiffs' motion to...
View ArticlePilgrim’s Pride Corporation v. CIR
Pilgrim's Pride was the successor-in-interest to Pilgrim's Pride Corporation of Georgia f/k/a Gold Kist, Inc., which was the successor-in-interest to Gold Kist, Inc. In 1998, Gold Kist sold its...
View ArticleOwens v. Jastrow
Plaintiffs, a putative class of former Guaranty stockholders whose equity interests were wiped out when Guaranty failed, filed suit alleging federal securities law claims against four former Guaranty...
View ArticleFDIC v. RBS Securities Inc.
The FDIC filed suit against defendants for securities fraud, alleging that they made false and misleading statements in selling and underwriting residential mortgage backed securities. The FDIC filed...
View ArticleLocal 731 v. Diodes, Inc.
Plaintiff, a putative class of purchasers of Diodes common stock, filed suit alleging that Diodes and its officers committed securities law violations. Despite publicly admitting that labor problems...
View ArticleTroice v. Proskauer Rose, L.L.P.
Plaintiffs filed a putative class action against Allen Standford's lawyers, Thomas Sjoblom, and the law firms where he worked, arguing that they aided and abetted Stanford’s fraud and conspired to...
View ArticleJanvey v. Romero
The Court Appointed Receiver for the Stanford International Bank Ltd. filed a fraudulent transfer claim against defendant, a former international advisor to the Stanford entities. The court concluded...
View ArticleMeadaa v. Karsan
Plaintiffs, investors, filed suit contending that defendants sold securities representing shares in SaiNaith L.L.C. based on false statements that a hotel was owned by that company. The court focused...
View ArticleMeadaa v. Karsan
Plaintiffs, investors, filed suit contending that defendants sold securities representing shares in SaiNaith L.L.C. based on false statements that a hotel was owned by that company. The court focused...
View ArticleSEC v. Life Partners Holdings, Inc.
The SEC brought an enforcement action against LPHI and two of its senior officers, Pardo and Peden, alleging violations of reporting and anti-fraud provisions of the federal securities laws. The SEC...
View ArticleNeiman v. Bulmahn
Plaintiffs, shareholders of ATP, filed a securities class action concerning ATP's collapse into bankruptcy. Plaintiffs alleged that defendants, each of whom was an officer or director of ATP,...
View ArticleSEC v. Kahlon
The Fifth Circuit affirmed the district court's grant of summary judgment for the SEC on liability and damages in a complaint against defendant and his company for the purchase and resale of...
View ArticleAlaska Electrical Pension Fund v. Asar
The Fund filed suit alleging that Hangar and three of its officers engaged in securities fraud. The Fifth Circuit held that the district court did not err in dismissing the section 10(b) of the...
View ArticleEmployees’ Retirement System of the State of Hawaii v. Whole Foods Market, Inc.
Plaintiff filed suit against Whole Foods and its executives, alleging that the company and its executives defrauded Whole Foods shareholders in violation of federal securities law by perpetuating...
View ArticleSEC v. Sethi
The Fifth Circuit affirmed the district court's grant of the SEC's motion for summary judgment, holding that defendant offered securities and committed securities fraud in violation of the Securities...
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