Judge in Delaware approves settlement in shareholder lawsuit against National City

Settlement approved in National City investor suit

CLEVELAND — A Delaware judge has approved a settlement of a shareholders’ lawsuit against National City Corp.

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HealthSouth Corp. accuses ex-CEO Scrushy of hiding money in offshore bank accounts

HealthSouth accuses Scrushy of hiding assets

BIRMINGHAM, Ala. — HealthSouth Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments.

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Former HealthSouth finance chief Tadd McVay ordered to 3 months in federal prison by judge

Former HealthSouth executive gets prison time

BIRMINGHAM, Ala. — A former HealthSouth Corp. finance chief has been ordered to spend three months in federal prison for his role in the $2.6 billion financial fraud that nearly wrecked the company.

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Openheimer AMT free municipals fund hit with a class action lawsuit over false and misleading statement to sell shares in fund

The class action lawsuit was filed by renowned law firm Millberg LLP . The suit charges OppenheimerFunds, Inc., OppenheimerFunds Distributor, Inc., the Fund and certain of its trustees and officers with violations of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, which prohibit materially false and misleading statements in registration statements and prospectuses of the kind used to sell shares in the Fund.

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Michigan insurance company agreed to settle austistic treatment for children

The Michigan class action settlement on autism treatment will hopefully stop the insurance companies claiming that behavioral therapy for autistic children is experimental. It is a significant victory for the austistic families who compelled the insurance companies to treat autism treatment in a different way.

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Lawsuit accusing Intel directors of harming company is tossed out

Shareholder lawsuit against Intel tossed out

WILMINGTON, Del. — A judge has tossed a lawsuit that accuses Intel Corp.’s directors of ignoring signs of allegedly monopolistic behavior.

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Sun Trust Banks, Inc. faces class action lawsuit over violation of Securities Act of 1933

The lawsuit was filed by law firm Berger & Montague, on behalf of purchasers of SunTrust Capital IX 7.875% Trust Preferred Securities of SunTrust Banks, Inc.

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InFocus Corp. hit with a class action lawsuit filed by shareholders

InFocus-projectorInFocus annnounces that a class action was filed by it’s shareholder in Clackamas County with the Security and Exchange Commission over reckless selling of the company for only $39 million.

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$30.5 million settlement agreed by Beazer Homes over false statement shareholder class action

The case was filed in U.S. District Court in Atlanta in 2007 on behalf of  of shareholders who owned Beazer stock between Jan. 27, 2005 and May 12, 2008.and then granted class-action status in 2007.

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Almost forgotten IPO litigation finally to be settled at $586 million

The decade old case is alive again, and to be precise it alive and settled. Several dozen banks and tech-company insurers have agreed to pay $586 million to shareholders for release of the claims.

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