BioScrip Stock Price Drop (BIOS Closes Down 15.47% on 3/8/2018)
Internal Control Deficiencies & Material Weakness Identified- BioScrip May Delay Form 10-K Filing On March 8, 2018, BioScrip, Inc. (NASDAQ: BIOS), “the largest independent national provider of infusion home care management solutions,” announced its “Fourth Quarter and Full Year 2017... Read More →
Merrill’s Gatekeeping Failures in the Unregistered Sales of Securities
Merrill Lynch Settles Charges with SEC for Merrill’s Failure to Perform Required Gatekeeping Functions in the Unregistered Sales of Securities on behalf of Longtop Financial The SEC announced on March 8, 2018 that it settled charges against Merrill Lynch, Pierce,... Read More →
Debt Collection Calls Lawsuit – Navient & Pioneer Credit Recovery
Navient Corporation, Navient Solutions, LLC and Pioneer Credit Recovery, Inc. – Class Action Seeks Statutory Damages and Injunctive Relief to Stop Debt Collection Calls in Alleged Violation of the Telephone Consumer Protection Act On March 7, 2018, a class action... Read More →
The Bancorp Bank Settles with FDIC for Unfair and Deceptive Practices
Upwards of 243,000 Harmed Consumers Who Were Assessed Transaction Fees Exceeding What Bancorp Bank Disclosed to Receive Approximately $1.3 million in Restitution On March 7, 2018, the Federal Deposit Insurance Corporation (“FDIC”) announced a settlement with The Bancorp Bank, Wilmington,... Read More →
Preliminary Injunction Issued Regarding Virtual Currency Scheme
Preliminary Injunction Order Issued Against Patrick K. McDonnell and His Company, CabbageTech, Corp., d/b/a Coin Drop Markets, in Connection with Fraudulent Virtual Currency Scheme On March 6, 2018, the Commodity Futures Trading Commission (“CFTC”) announced that a federal judge entered... Read More →
Grupo Televisa ADR Shareholder Alert: Class Action Filed
Class Action Filed on Behalf of Purchasers and Acquirers of Grupo Televisa, S.A.B. American Depositary Receipts Between April 11, 2013 and January 25, 2018, Both Dates Inclusive Kehoe Law Firm, P.C. continues its investigation of securities claims on behalf of Grupo... Read More →
Build A Dream Telemarketing Calls Class Action Lawsuit
Build A Dream’s Alleged Telemarketing Calls in Violation of the Telephone Consumer Protection Act On February 16, 2018, a class action lawsuit alleging violations of the Telephone Consumer Protection Act (“TCPA”) was filed against “construction lender” Build A Dream, Inc.... Read More →
WageWorks Announces Delayed Annual Report; WAGE Stock Drops
WageWorks, Inc. Files Notification of Late Filing – WAGE Concludes It Has Material Weakness in Its Internal Control Over Financial Reporting On March 1, 2018, WageWorks, Inc. (NYSE: WAGE), “a leader in administering Consumer-Directed Benefits,” issued an announcement disclosing that... Read More →
PayPal Settles FTC Charges Over Venmo’s Peer-to-Peer Practices
PayPal Settles FTC Charges Regarding Venmo’s Failure to Disclose Information to Consumers About the Ability to Transfer Funds and Misleading Consumers About the Extent to Which Consumers Could Control the Privacy of Their Transactions The Federal Trade Commission announced that... Read More →
Manipulative Trading in U.S. Microcap Stocks – Charges Announced
U.K. Brokerage Firm, Investment Manager, CEO, and Others Charged by SEC for Manipulating the Securities of Microcap Issuers HD View 360 Inc. and West Coast Ventures Group Corp. On March 2, 2018, the SEC announced securities fraud charges against a... Read More →
University of Phoenix Telemarketing Calls Lawsuit
Class Action Against University of Phoenix and Apollo Education Group for Alleged Unsolicited, Prerecorded Telemarketing Messages on Behalf of The University of Phoenix On February 28, 2018, a class action lawsuit alleging violations of the Telephone Consumer Protection Act (“TCPA”)... Read More →
Ubiquiti Networks Shareholder Alert – UBNT Class Action Filed
Class Action Lawsuit Filed on Behalf of Shareholders and Investors of Ubiquiti Networks, Inc. Who Purchased UBNT Common Stock Between May 9, 2013 and February 20, 2018, Both Dates Inclusive Kehoe Law Firm, P.C. is investigating securities claims on behalf... Read More →
SEC Charges Filed to Stop Recidivist’s Fraud Scheme
Three-Time Recidivist Charged with Operating an Unregistered Broker-Dealer, Facilitating an Unregistered Securities Offering, and Defrauding Small Businesses On March 1, 2018, the SEC issued a litigation release regarding Securities and Exchange Commission v. Steven J. Muehler, Claudia M. Muehler, Koorosh... Read More →
Georgetown University – Alleged Breach of Fiduciary Duties
Georgetown University Voluntary Contribution Retirement Plan & Georgetown University Voluntary Contribution Retirement Plan Subject of ERISA Class Action On February 23, 2018, a class action complaint was filed in U.S. District Court for the District of Columbia against Georgetown University... Read More →
Ameriprise Financial Services, Inc. Settles SEC Charges
Ameriprise Financial Settles Charges That It Overcharged Retirement Account Customers for Mutual Fund Shares On February 28, 2018, the Securities and Exchange Commission announced that Minnesota-based Ameriprise Financial Services, Inc., a broker-dealer and investment adviser, has agreed to settle charges... Read More →
Loandepot.com Telemarketing Calls – TCPA Class Action Filed
Loandepot.com, LLC – Alleged Telephone Consumer Protection Act Violations On February 27, 2018, a Telephone Consumer Protection Act class action complaint was filed in United States District Court, Central District of California, against Loandepot.com, LLC. The lawsuit alleges that beginning... Read More →
Sorrento Therapeutics Shareholder Alert – SRNE Stock Drops
Sorrento Therapeutics Announces That Its Unaudited Condensed Consolidated Financial Statements for The Three and Nine Months Ended September 30, 2017 Should No Longer Be Relied Upon Kehoe Law Firm, P.C. is investigating claims on behalf of the investors of Sorrento... Read More →
National Oilwell Varco’s Alleged Failure to Pay Proper Overtime
Collective Action Claims National Oilwell Rig Welders Were Not Paid Overtime for Work in Excess of Forty Hours Per Week – Unpaid Overtime Wages Sought On February 23, 2018, a collective action was filed by Plaintiff Juan Villarreal individually and... Read More →
International Paper Company Production Workers Overtime Lawsuit
Alleged Failure to Pay International Paper Production Workers the Proper Overtime Rate On February 23, 2018, a class and collective action was filed in United States District Court, Eastern District of Arkansas, Western Division, by Plaintiff Alexis Bryant individually and... Read More →
Franchisee’s Alleged Failure to Pay Panera Bread Assistant Managers OT
Operator of More Than 300 Panera Bread Franchises Subject of Two Overtime Pay Lawsuits on Behalf of Panera Bread Assistant Managers to Whom Covelli Enterprises Allegedly Failed to Pay Overtime for Work Beyond 40 Hours Per Week On January 9,... Read More →
CFTC Issues First “Pump-and-Dump” Virtual Currency Customer Advisory
Be Aware Of and Avoid Pump-and-Dump Schemes That Can Occur in Thinly-Traded or New Virtual Currencies, Digital Coins or Tokens Do Not Purchase Virtual Currencies, Digital Coins or Tokens Based on Social Media Tips or Sudden Price Spikes – Thoroughly... Read More →
Fortegra Financial, Omega Auto Care – TCPA Robocall Class Action
Fortegra Financial Corporation Allegedly Engaged Ensurety Ventures, LLC, doing business as Omega Auto Care, To Establish an Automated Calling Operation to Place Unsolicited Telemarketing Calls to the Cellular Phones of Thousands of Consumers Across the U.S. On February 20, 2018,... Read More →
Seven Stars Cloud Group, Inc. Shareholder Alert – SSC Stock Plummets
Seven Stars Cloud Group Cuts Guidance and Dismisses Its Independent Registered Public Accounting Firm Kehoe Law Firm, P.C. announces that it is investigating whether Seven Stars Cloud Group, Inc. and certain of its officers or directors violated federal securities laws.... Read More →
Three Cryptocurrency-Related Companies – SEC Suspends Trading
SEC Issues Trading Suspension Orders Against Cherubim Interests Inc., PDX Partners Inc., and Victura Construction Group Inc. On February 16, 2018, the Securities and Exchange Commission announced that it suspended trading in Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP),... Read More →
Obalon Therapeutics Shareholder Alert – OBLN Class Action Filed
Individuals Who Purchased, or Otherwise Acquired, Obalon Securities Pursuant and/or Traceable to Obalon’s Registration Statement and Prospectus, Issued in Connection with Obalon’s Initial Public Offering On or About October 5, 2016, and/or On the Open Market Between October 5, 2016... Read More →
Polaris Industries Telemarketing Robocall Class Action
First Amended Class Action Complaint Filed Against Polaris Industries, Inc. For Alleged Violations of the Telephone Consumer Protection Act On February 9, 2018, an amended class action complaint was filed against Polaris Industries in United States District Court, Middle District... Read More →
Former Bitcoin-Denominated BitFunder Exchange & Operator Charged
SEC Charges Former Bitcoin-Denominated BitFunder Platform and Its Operator with Operating and Defrauding Users of an Unregistered Securities Exchange On February 21, 2018, the Securities and Exchange Commission announced that it charged a former bitcoin-denominated platform and its operator with... Read More →
Kraton Corporation Shareholder Alert – KRA Stock Price Falls Sharply
Kraton Corporation Announces Q4 and Full Year 2017 Results Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Kraton Corporation (“Kraton”). The investigation concerns whether Kraton (NYSE: KRA) and certain of its officers and/or directors have engaged... Read More →
MiMedx Group, Inc. Shareholder Alert – MDXG Stock Drops Significantly
MDXG Stock Price Drops Significantly on MiMedx’s Announcement of Delayed Financial Results – Internal Investigation Regarding Allegations of Certain Sales and Distribution Practices Kehoe Law Firm, P.C. is investigating claims on behalf of investors of MiMedx Group, Inc. (“MiMedx”) (NASDAQ: ... Read More →
Allied Interstate’s Alleged Automated Debt Collection Calls
Class Action Complaint Filed Against Allied Interstate – TCPA Violations Alleged** On February 12, 2018, a class action complaint alleging violations of the Telephone Consumer Protection Act was filed against Allied Interstate, Inc. in United States District Court, Middle District... Read More →
Money Returned to Consumers in Alleged Payday Loan Scheme
FTC Mailing 72,386 Checks Totaling $2.9 Million to People Who Lost Money in Alleged Payday Loan Scheme On February 15, 2018, the Federal Trade Commission announced that it is mailing 72,836 checks totaling more than $2.9 million to people who... Read More →
LJM Preservation and Growth Fund I – LJMIX Shuts Its Doors
Securities Investigation on Behalf of Purchasers of Shares of the LJM Preservation and Growth Fund Class I From February 28, 2015 Through February 7, 2018 Kehoe Law Firm, P.C. is conducting a securities investigation on behalf of purchasers of shares... Read More →
Investor Alert: Investments Purchased or Funded By Credit Cards
SEC’s Office of Investor Education and Advocacy Issues Investor Alert Warning of the Risks of Using Credit Cards to Buy Investments or Fund an Investment Account On February 14, 2018, the SEC issued an investor alert to inform investors about... Read More →
Money Being Returned to Consumers Harmed by Debt Relief Scheme
Federal Trade Commission announced that it is mailing 5,745 checks totaling more than $480,000 to people who lost money to a debt relief scheme that misled its customers and charged illegal upfront fees. According to the FTC’s announcement, United Debt... Read More →
NQ Mobile Shareholder Alert – Class Action Filed Against NQ Mobile Inc.
Class Action Filed on Behalf of All Persons or Entities Who Purchased, or Otherwise Acquired, NQ Mobile Inc. Securities Between March 30, 2017 and February 6, 2018, Both Dates Inclusive Kehoe Law Firm, P.C. continues its investigation on behalf of... Read More →
Henry Schein Shareholder Alert – HSIC Stock Price Down Significantly
“Big Three” Dental Products Distributors Sued by FTC for Alleged Discount Conspiracy Benco Dental Supply Company, Henry Schein, Inc. & Patterson Companies, Inc. Named in FTC Complaint Alleging Conspiracy Not to Provide Discounts to a Customer Segment Henry Schein (NASDAQ:HSIC)... Read More →