Nov 4, 2021 | Shareholder Investigations
Seer Investors With Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential class action securities claims on behalf of investors of Seer, Inc. (“Seer” or the “Company”) (NASDAQ: SEER) to determine whether Seer engaged in securities fraud or other unlawful business practices.
On November 4, 2021, Seeking Alpha reported that “Seer Inc. . . . dropped 7% after a new short call from The Bear Cave.” Seeking Alpha reported that “[t]he Bear Cave claims that the company appears to be a ‘promotional and misleading’ biotech company.”
On this news, shares of Seer stock dropped, thereby injuring investors.
SEER INVESTORS WHO HAVE SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Nov 4, 2021 | Shareholder Investigations
Investors Who Acquired Baidu Securities Between March 22, 2021 And March 29, 2021 Are Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of shareholders of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU).
The securities investigation concerns the trading by Goldman Sachs and Morgan Stanley in late March 2021 and whether those investment banks traded on material, non-public information by selling large amounts of Baidu stock based on information obtained through their relationship with Archegos Capital Management. The investigation also focuses on whether both banks avoided billions of dollars of losses by selling before the information was publicly available.
Shares of Baidu stock fell significantly during the week of March 22, 2021 to March 29, 2021, thereby injuring investors.
BAIDU INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S SECURITIES BETWEEN MARCH 22, 2021 AND MARCH 29, 2021 WHO WISH TO DISCUSS KEHOE LAW FIRM’S SECURITIES CLASS ACTION INVESTIGATION OR HAVE QUESTIONS ABOUT POTENTIAL LEGAL CLAIMS ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected].
Nov 4, 2021 | Filed Securities Cases
Investors Who Acquired iQIYI Securities Between March 22, 2021 And March 29, 2021 Are Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of shareholders of iQIYI, Inc. (“iQIYI” or the “Company”) (NASDAQ: IQ).
On December 2, 2021, a class action lawsuit was filed in United States District Court, Southern District of New York, against Goldman Sachs Group Inc. and Morgan Stanley on behalf of all those investors who purchased, or otherwise acquired, IQIYI shares contemporaneously with Defendants’ alleged unlawful trades from March 22, 2021 through and including March 29, 2021 (the “Class Period”).
To view a copy of the Complaint, please click “iQIYI Complaint.”
To contact Kehoe Law Firm, P.C. about joining the class action lawsuit, please click “Join The Securities Class Action.”
The securities class action investigation concerns the trading by Goldman Sachs and Morgan Stanley in late March 2021 and whether those investment banks traded on material, non-public information by selling large amounts of iQIYI stock based on information obtained through their relationship with Archegos Capital Management. The investigation also focuses on whether both banks avoided billions of dollars of losses by selling before the information was publicly available.
Shares of iQIYI stock fell over 40% during the week of March 22, 2021 to March 29, 2021, thereby injuring investors.
IQIYI INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S SECURITIES BETWEEN MARCH 22, 2021 AND MARCH 29, 2021 WHO WISH TO JOIN THE SECURITIES CLASS ACTION OR DISCUSS KEHOE LAW FIRM’S SECURITIES INVESTIGATION ARE ENCOURAGED TO COMPLETE EITHER THE SECURITIES CLASS ACTION QUESTIONNAIRE OR JOIN THE SECURITIES CLASS ACTION FORM.
IQIYI INVESTORS ALSO ARE ENCOURAGED TO CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected] TO DISCUSS THE CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Nov 4, 2021 | Shareholder & Investor Protection
New Jersey “Claims Aggregator” And Three Principals Charged By SEC With Defrauding Distribution Funds Established To Return Money To Securities Fraud Victims
On November 4, 2021, the Securities and Exchange Commission announced it charged a New Jersey “claims aggregator” – a firm that submits claims on behalf of its clients to administrators tasked with returning settlement funds to harmed investors – and its three principals with defrauding distribution funds established to return money to securities fraud victims in a multi-year scheme that yielded millions of dollars.
The SEC’s complaint, filed in the U.S. District Court for the Eastern District of Pennsylvania, alleges that Joseph Cammarata (“Cammarata”), Erik Cohen (“Cohen”), and David Punturieri (“Punturieri”), and two entities that they control, AlphaPlus Portfolio Recovery Corp. and Alpha Plus Recovery LLC (collectively, “AlphaPlus”), stole at least $40 million from approximately 400 distribution funds, including more than $3 million from settlement funds arising from SEC enforcement actions.
The complaint alleges that, starting in 2014, AlphaPlus engaged in a serial scheme to fraudulently obtain money by submitting false claims to settlement fund administrators – purporting to represent clients who had traded the securities that were the subjects of the underlying settlements. The SEC’s complaint further alleges that defendants used false trading data and broker-dealer letterhead they misappropriated from other companies to “document” the purported trades and provide an air of legitimacy to their fake claims.
According to the complaint, Cammarata, Cohen, and Punturieri funneled the fraudulently obtained distributions through a web of accounts they controlled and used the stolen money to pay for numerous personal expenses, such as jewelry, home renovations, luxury automobiles, watercraft, and real estate.
The complaint charges AlphaPlus, Cammarata, Cohen, and Punturieri with violating the anti-fraud provisions of the Securities Exchange Act of 1934. The court granted the SEC’s request for an asset freeze and temporary restraining order. The SEC seeks disgorgement of ill-gotten gains and prejudgment interest, and civil penalties against the defendants. In a parallel action, the U.S. Attorney’s Office for the Eastern District of Pennsylvania announced criminal charges against Cammarata, Cohen, and Punturieri.
Source: SEC.gov
