Securities

September 24, 2024 A class action alleges Domino’s Pizza, CEO Russell J. Weiner and CFO Sandeep Reddy misled investors about the company’s projected global net store growth.

August 1, 2024 CrowdStrike faces a class action lawsuit over a massive system outage that allegedly caused the cybersecurity platform’s stock price to drop in July 2024.

August 1, 2024 A class action claims American Airlines misled investors about the efficacy of a new distribution strategy and the revenue outlook for the 2024 fiscal year.

April 30, 2024 A class action lawsuit alleges Rivian and certain execs unlawfully made materially false and misleading statements with regard to demand for the Tesla rival’s electric vehicles.

May 26, 2023 A class action claims Charles River Labs and several top officers have injured investors financially by concealing that the company was being investigated by the DOJ over its allegedly illegal importation of primates for research.

May 2, 2023 Adidas faces a class action that alleges the company’s failure to take “meaningful precautionary measures” before and in response to antisemitic comments from Ye, formerly Kanye West, caused more than one stock-price drop.

April 4, 2023 Binance, CEO Changpeng Zhao and several “influencers” face a class action lawsuit over their alleged role in the illegal sale of unregistered securities.

March 15, 2023 Signature Bank and three former execs face an investor class action in the wake of the bank’s seizure by the New York Department of Financial Services.

March 14, 2023 Silicon Valley Bank and its top officers face a class action lawsuit filed in California in the wake of the major institution’s collapse.

March 1, 2023 A class action lawsuit alleges Tesla, CEO Elon Musk, CFO Zachary J. Kirkhorn, and former CFO Deepak Ahuja misled investors by overstating the viability and safety of the electric vehicle company’s self-driving technology.

December 14, 2022 A class action alleges the NFTs sold on a platform operated by Nifty Gateway and The Gemini Trust Company are in fact unregistered securities under federal law.

November 10, 2022 Executives at crypto firm Voyager Digital face a class action that alleges the Earn accounts and VGX token once offered by the bankrupt company were unregistered securities.

September 15, 2022 Twitter faces a class action that alleges the platform harmed investors financially by failing to be upfront about “major security problems” first reported by a whistleblower to CNN last month.

August 17, 2022 Uber faces a proposed class action stemming from the revelation last month that a cache of hundreds of thousands of internal records were leaked to The Guardian.

August 3, 2022 The owner BetterHelp faces a class action that alleges investors were injured financially as the result of false and misleading statements that downplayed competitive headwinds on the horizon.

June 30, 2022 Wells Fargo faces a class action over stock-price drops an investor argues were linked to reports that the company conducted fake job interviews to satisfy internal diversity requirements.

June 16, 2022 Binance U.S. faces a class action that alleges the crypto exchange broke the law by failing to register its terraUSD “stablecoin” as a security and misleading investors with regard to its stability.

May 17, 2022 Coinbase and the issuer of the GYEN cryptocurrency face a class action over their alleged failure to disclose the stablecoin’s apparent susceptibility to “wild fluctuations in value."

May 6, 2022 Netflix faces a class action after the streaming service’s share price dropped on two separate occasions this year, including when the company announced it had lost 200k subscribers.

April 28, 2022 Natera faces a proposed class action that alleges investors were injured financially as a result of stock-price drops linked to prenatal test accuracy concerns.

April 22, 2022 Joseph Financial, Joseph Financial Advisors and Robert Joseph Armijo face a proposed class action lawsuit over their alleged solicitation of consumers to invest in the EquiAlt LLC Ponzi scheme.

April 21, 2022 A class action alleges Lucid Group investors were harmed financially when the company admitted it had missed delivery targets for 2021 and would be adjusting production goals for 2022 and 2023.

April 20, 2022 FAT Brands Inc. faces a proposed class action that alleges investors were injured financially upon the revelation that CEO Andy Wiederhorn was the subject of a federal probe.

April 15, 2022 Stronghold Digital Mining faces a class action that alleges the company harmed investors financially by failing to disclose significant issues with suppliers.

April 13, 2022 Elon Musk faces a proposed class action that alleges he injured Twitter investors financially by failing to timely disclose his new ownership stake in the company.

April 7, 2022 AbbVie faces a class action that alleges the pharma co. misled investors by “condition[ing]” them to believe Rinvoq was far safer than Xeljanz.

March 15, 2022 A proposed class action alleges Coinbase has failed to disclose that 79 crypto tokens bought and sold on its platform are, in fact, unregistered securities.

March 11, 2022 A class action alleges Meta Platforms failed to share with investors the extent to which new Apple iOS privacy protections would harm the social media platform’s advertising business.

March 9, 2022 A class action alleges Ericsson misled investors over nearly five years by overstating the extent to which it had eliminated its reliance on bribes to secure business in foreign countries.

March 8, 2022 A class action alleges enterprise artificial intelligence provider C3.ai misled investors by failing to disclose prior to its IPO that a key business partnership was "deteriorating."

March 8, 2022 A class action alleges Rivian misled investors in the run-up to its Nov. 2021 IPO by failing to disclose that it would have to raise prices shortly thereafter on more than 55,000 preorders.

March 7, 2022 A lawsuit alleges CUSIP Global Services, S&P Global, FactSet Research Systems and the American Bankers Association have conspired to eliminate competition for the use of CUSIPs, an identification number system for securities.

January 19, 2022 A class action claims FirstCash Holdings has run afoul of federal securities laws by withholding from investors that it issued thousands of illegal loans to active-duty military service members.

January 19, 2022 A class action alleges NRx Pharmaceuticals was not forthcoming to investors with regard to the prospects of a purported COVID-19 treatment being approved for emergency use.

December 6, 2021 Lightspeed Commerce faces a class action that alleges the e-commerce software provider has issued materially false and misleading statements since September 2020.

November 24, 2021 Meta Platforms faces a class action over its alleged failure to disclose to investors the results of internal studies that indicated Instagram use was harmful to teenage users.

November 24, 2021 A lawsuit claims Peloton investors were financially injured when alleged misrepresentations regarding its growth and inventory reporting were shown to be false.

November 23, 2021 A proposed class action claims AppHarvest, Inc. made material misrepresentations and omissions to investors regarding its business operations and prospects.

November 18, 2021 Zillow faces a securities class action following the announcement that it will wind down its Zillow Offers home-flipping business.

November 17, 2021 A class action alleges Meta has falsely touted its ability and commitment to prevent the spread of misinformation, criminal activity and other toxic content while concealing its alleged dependence on that content.

November 9, 2021 A class action alleges ON24’s IPO registration statement contained materially incorrect/misleading statements, or left out certain information the company was required by law to disclose.

November 1, 2021 A class action claims Canadian oil and gas company Reconnaissance Energy Africa misled investors with regard to its drilling prospects in Namibia and Botswana.

October 29, 2021 Facebook faces a class action over a number of stock-price drops allegedly linked to recent whistleblower revelations.

October 15, 2021 A class action alleges Goldman Sachs and Morgan Stanley avoided billions in losses by selling shares in Vipshop to “unsuspecting and unwitting” public shareholders based on non-public information.

October 15, 2021 A class action alleges Hyzon Motors and its top officers issued materially false and/or misleading statements.

October 12, 2021 Eargo faces a class action over an apparent stock-price drop an investor alleges was linked to the news of a DOJ probe into insurance reimbursement claims.

September 22, 2021 A lawsuit claims The Honest Company misled investors ahead of its IPO by failing to disclose the extent to which business operations had been negatively impacted by the pandemic.

September 16, 2021 The Boston Beer Company and its top brass face a class action over stock-price drops allegedly linked to the parties’ non-disclosure of “decelerating” Truly Hard Seltzer sales.

August 18, 2021 A lawsuit against Philips has been filed in the wake of a drop in stock price triggered by the company’s recall of certain sleep and respiratory care devices.

August 9, 2021 A class action alleges Activision Blizzard injured investors financially by failing to disclose and misrepresenting that it had fostered a hostile workplace culture.