Plaintiff seeks to recover damages on behalf of all purchasers of Sunterra publicly traded securities during the Class Period
This action will seek to recover damages on behalf of all purchasers of PainCare publicly traded securities during the Class Period
due to the artificial inflation of, and subsequent decline in, PainCare's stock price which resulted from the Company's violations of the federal securities laws.
Defendants were motivated to engage in the fraudulent and illegal conduct during the class period
in order for company insiders, including the defendants, could sell more than 661,000 shares of their personally-held take-two stock for proceeds of over $18 million.
The Company sold $740 million worth of notes and $345 million worth of preferred stock during the Class Period
com/cases/officemaxinc/) today announced that the Class Period
in this class action filed in the United States District Court for the Northern District of Illinois has been extended to include both the purchasers of OfficeMax Inc.
As a result of the defendants' false statements, Pfizer's stock traded at inflated levels during the Class Period
The Complaint alleges that the statements issued by defendants during the Class Period
were materially false and misleading because: (a) Anchor's production far exceeded demand and the Company had an excess of built-up inventory during the Class Period
, resulting in the forced closure of the Connellsville facility; (b) Anchor had flooded the market with inventory during the Class Period
which caused the Company to "curtail production selectively during the fourth quarter" to lower these inventory levels and align production with customer requirements; and c) one of the Company's main production facilities, the Connellsville facility, was materially impaired during the Class Period
resulting in a belated charge of at least $45 million.
Such results were not prepared or reported in accordance with Generally Accepted Accounting Principles and deceived investors as to the Company's true performance, thereby artificially inflating the price of Shaw securities during the Class Period
The complaint alleges that during the Class Period
defendants issued materially false and misleading statements regarding Krispy Kreme's store results, same store sales, and growth rates.