List of Firms Using Inaccurate Information to Solicit Investors Updated
SEC Updates Its List of Unregistered Firms That Use Misleading Information to Primarily Solicit Non-U.S. Investors On August 6, 2018, the SEC announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S.... Read More →
Kohl’s Text Messages Subject of TCPA Class Action
On August 2, 2018, a class action complaint was filed against Kohl’s Corporation in United States District Court, Southern District of Florida, seeking, among other relief, statutory damages under the Telephone Consumer Protection Act (“TCPA”) for allegedly “harvest[ing] the cellular... Read More →
Impinj, Inc. Investor Alert – PI Securities Investigation
Kehoe Law Firm, P.C. has commenced an investigation on behalf of Impinj, Inc. investors concerning possible securities laws violations. On August 2, 2018, Impinj (NASDAQ: PI), “a leading provider and pioneer of RAIN RFID solutions for identifying, locating and authenticating... Read More →
Mizuho Securities Charged for Failure to Safeguard Customer Information
On July 23, 2018, the Securities and Exchange Commission announced that the SEC charged Mizuho Securities USA LLC for its failure to safeguard information pertaining to stock buybacks by its issuer customers. Mizuho, according to the SEC, failed to maintain... Read More →
Deutsche Bank to Pay Approximately $75 Million to Settle Charges
Improper Handling of “Pre-Released” American Depositary Receipts (“ADRs”) On July 20, 2018, the SEC announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” ADRs. The case, according... Read More →
$30 Million Awarded to Whistleblower By CFTC
On July 12, 2018, the Commodity Futures Trading Commission (CFTC) announced an award of approximately $30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action. The award is the largest award made by... Read More →
SEC Votes to Propose Amendments to Whistleblower Program Rules
On June 28, 2018, the SEC announced that it voted to propose amendments to the rules governing its whistleblower program. The whistleblower program was established in 2010 to incentivize individuals to report high-quality tips to the SEC and help the... Read More →
FIZZ Investor Alert – National Beverage Corp. Stock Drops
Kehoe Law Firm, P.C. is investigating claims on behalf of investors of National Beverage Corp. (NASDAQ: FIZZ) to determine whether National Beverage and certain of its officers or directors violated federal securities laws or engaged in other unlawful business practices.... Read More →
Merrill Lynch Charged with Misleading Customers – $42MM Penalty
On June 19, 2018, the SEC announced that it charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch, according to the SEC, agreed to settle the charges, admit wrongdoing, and pay... Read More →
Get-Rich-With-Amazon Scheme Operators Settle With the FTC
On June 18, 2018, the FTC announced that the operators of a scheme that sold “secrets for making money on Amazon” have been banned from marketing and selling business opportunities and business coaching services under a settlement with the Federal... Read More →
Aegean Marine Petroleum Network Stock Drops More Than 57%
Kehoe Law Firm, P.C. is conducting a securities investigation on behalf of Aegean Marine Petroleum Network Inc. (NYSE: ANW) stockholders concerning whether Aegean Marine Petroleum Network and certain of its officers and directors may have engaged in securities fraud or... Read More →
Transworld Systems Debt Collection Robocalls Alleged
Kehoe Law Firm, P.C. is making consumers aware that on May 29, 2018, a class action complaint was filed against Transworld Systems, Inc. for “. . . negligently, knowingly, and/or willfully placed calls using an artificial and/or prerecorded voice to... Read More →
Is Your Broker Selling Investments Approved By the Broker’s Firm?
The SEC’s Office of Investor Education and Advocacy and Retail Strategy Task Force Warn Investors About Red Flags that a Broker May Be Running a Side Business Offering Investments Not Approved for Sale Through the Broker’s Firm The SEC advises... Read More →
Citibank Debt Collection Calls – TCPA Violations Alleged
Kehoe Law Firm, P.C. is making consumers aware that on May 24, 2018, a class action complaint was filed against Citibank, N.A. “. . . seeking damages and any other available legal or equitable remedies resulting from the illegal actions... Read More →
Rockwell Medical CEO Terminated – RMTI Stock Trading Halted
Kehoe Law Firm, P.C. has commenced an investigation on behalf of investors of Rockwell Medical, Inc. (NASDAQ: RMTI) concerning RMTI’s possible violations of federal securities laws. Rockwell Medical Terminates Its CEO On May 23, 2018, Rockwell Medical filed a Form 8-K... Read More →
University Retirement Plans – Are You Being Charged Excessive Fees?
Recently, a class action lawsuit was filed in United States District Court for the Western District of New York against the University of Rochester seeking to protect the retirement savings of more than 36,000 employees who are participants in the... Read More →
Equifax Sued Over Inaccurate Public Records Data in Credit Reports
Equifax Information Services, LLC Subject of Class Action Alleging Equifax Does Not Follow Reasonable Procedures to Ensure the Timely Gathering and Reporting of Updated Public Record Information, Such as the Release, Satisfaction or Removal of Tax Liens or Judgments, in... Read More →
Class Action Lawsuit Filed Against Prothena Corporation
Kehoe Law Firm reports that its securities investigation of Prothena Corporation continues, and that on May 15, 2018, a securities class-action lawsuit was filed in United States District Court, Northern District of California, against Prothena Corporation (NASDAQ: PRTA) and certain... Read More →
Class Action Filed Against InnerWorkings; INWK To Restate Financials
Kehoe Law Firm, P.C. reports that on May 10, 2018, a class action lawsuit was filed against InnerWorkings, Inc. (NASDAQ:INWK) and certain of its officers in United States District Court, Central District of California, on behalf of a class of... Read More →
Symantec Announces Investigation on Concerns of Former Employee
Kehoe Law Firm, P.C. has commenced a securities investigation on behalf of Symantec Corporation (NASDAQ: SYMC) investors to determine whether Symantec or its officers violated federal securities laws or were involved in other unlawful business practices. Symantec’s Financial Results and... Read More →
Unsolicited Faxes Class Action Filed Against Spreemo & The Hartford
Kehoe Law Firm, P.C. is making consumers aware that on May 7, 2018, a class action complaint was filed against Spreemo, Inc. and The Hartford Financial Services Group for allegedly sending at least one advertisement by facsimile to Plaintiff in... Read More →
Flex Stock Drops More Than 21% – Flex Securities Investigation
Kehoe Law Firm, P.C. is conducting a securities investigation on behalf of investors and shareholders of Flex Ltd. (NASDAQGS: FLEX) to determine whether Flex and certain of its officers or directors engaged in securities fraud or other unlawful business practices. ... Read More →
Knorr-Bremse, Knorr Brake, Wabtec, Faiveley Transport Lawsuit
Antitrust Class Action – Alleged Unlawful Conspiracy to Suppress Employee Compensation On May 1, 2018, Kehoe Law Firm, P.C. and other co-counsel filed a class action complaint in United States District Court for the District of Maryland under the antitrust... Read More →
Investor Alert: “SALI” Investor Protection Online Search Tool
SEC Launches “SEC Action Lookup for Individuals,” a/k/a “SALI,” An Online Tool For Investors to Identify Individuals Subject to Judgments or Orders in Enforcement Actions Kehoe Law Firm, P.C. reports that on May 2, 2018, the Securities and Exchange Commission... Read More →
Credit One Bank Debt Collection Calls
Kehoe Law Firm, P.C. is making consumers aware that on April 25, 2018, a class action complaint was filed against Credit One Bank, N.A. violations of the Telephone Consumer Protection Act and California’s Rosenthal Fair Debt Collection Practices Act for... Read More →
Panasonic To Pay $143+ Million to Resolve FCPA, Accounting Violations
On April 30, 2018, the SEC announced that Japan-based Panasonic Corp. will pay more than $143 million to resolve charges of Foreign Corrupt Practices Act (FCPA) and accounting fraud violations involving its global avionics business. Panasonic Avionics Orchestrated Bribery Scheme... Read More →
Liberty Student Loan Forgiveness Prerecorded Voicemail
Kehoe Law Firm, P.C. is making consumers aware that on April 27, 2018, a class action complaint seeking damages and injunctive relief was filed against Liberty Student Loan Forgiveness, a company which “offers loan consolidation services and repayment programs,” for... Read More →
Wells Fargo 401(k) Practices Subject of Labor Department Investigation
Wells Fargo Being Examined To Determine if the Bank Pushed 401(k) Retirement Plan Participants into More Expensive IRAs On April 26, 2018, The Wall Street Journal reported that the U.S. Department of Labor . . . is examining whether Wells... Read More →
LendingClub’s Alleged Misleading “No Hidden Fees” Claims; Stock Drops
FTC Charges LendingClub with Falsely Promising Consumers Loans with “No Hidden Fees” LC Stock Drops More than 15% to Close at $2.77 Per Share on April 25, 2018 Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors... Read More →
Prothena Shareholder Alert – PRTA Stock Drops Almost 70%
Prothena Discontinues Development of NEOD001 for AL Amyloidosis; PRTA Stock Drops $25.34, or 68.78%, to Close at $11.50 on April 23, 2018 Kehoe Law Firm, P.C. is conducting a securities investigation on behalf of investors of Prothena Corporation plc (NASDAQ:... Read More →
Important Things to Know About Higher Education Overtime Pay
Fair Labor Standards Act & Higher Education Overtime Compensation The Fair Labor Standards Act requires that a non-exempt employee receive minimum wages, as well as overtime pay whenever he or she works more than 40 hours in a workweek. Section 13(a)(1)... Read More →
Knorr, Wabtec to End Unlawful Employee “No-Poach” Agreements
DOJ Settlement Prohibits Knorr and Wabtec from Maintaining Employee “No-Poach” Agreements and Requires Cooperation in Ongoing Antitrust Division Investigation of Such Agreements On April 3, 2018, the U.S. Department of Justice (“DOJ”) announced that it reached a settlement with Knorr-Bremse... Read More →
SEC Enforcement Actions; $2.1 Million Whistleblower Award
Former Company Insider’s Voluntarily-Provided Information Strongly Supported the Findings in the Underlying Actions On April 12, 2018, the Securities and Exchange Commission announced a whistleblower award of more than $2.1 million to a former company insider whose information led to... Read More →
Warranty Coverage and the Use of Specified Parts or Services
Is it Illegal to Condition Warranty Coverage on the Use of Specified Parts or Services? On April 10, 2018, the Federal Trade Commission announced that it sent warning letters to six major companies that market and sell automobiles, cellular devices,... Read More →
Multimillion Dollar Ponzi Scheme Targeting Seniors; SEC Charges
$2.4 Million Ponzi Scheme and Related $1.4 Million Offering Fraud Targeting Retirees On April 6, 2018, the Securities and Exchange Commission announced charges against two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related,... Read More →
Senior Investors Beware of Ponzi Schemes; Ponzi Warning Signs
Important Things to Know About Ponzi Schemes Which Target Seniors The SEC’s Office of Investor Education and Advocacy and Retail Strategy Task Force issued a warning to senior investors, many of whom have spent many years saving and investing, about... Read More →