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Latest News in Securities

  • July 22, 2024

    Actor, Promoter Cop To Forcount Crypto Ponzi Scheme

    An actor who purported to be the CEO of Forcount Trader Systems Inc. and another promoter of the fake cryptocurrency outfit on Monday both admitted to defrauding investors out of millions of dollars through a Ponzi-esque pyramid scheme.

  • July 22, 2024

    Beauty Co. Misled Investors Ahead Of Its $424M IPO, Suit Says

    Israeli beauty and wellness products company Oddity Tech Ltd. has been hit with a potential class action in New York federal court by an investor who alleges that the company overstated its artificial intelligence technology capabilities before its $424 million initial public offering last year.

  • July 22, 2024

    Investment Adviser Seeks To Ax Union Fund's Bad Advice Suit

    A union pension fund that claims it lost $30 million due to bad investment advice it received in the mid-2010s missed its chance to challenge that advice, an investment advisory firm argued in California federal court, saying the fund blew past its deadline to sue and didn't qualify for an extension.

  • July 22, 2024

    Plantronics Investors Ink $29.5M 'Channel Surfing' Sales Deal

    Plantronics investors have asked a California federal judge to greenlight a $29.5 million settlement resolving their claims the company used unsustainable "channel surfing" sales practices to deceptively boost revenues, which led to a drop in stock price when the tactic failed and was revealed to investors.

  • July 22, 2024

    Equifax Bracing For CFPB On Dispute-Handling, Coding Glitch

    Equifax said Monday that the Consumer Financial Protection Bureau plans to pursue fines over the credit reporting giant's handling of consumer disputes and a separate, short-lived "coding issue" that affected some credit score calculations in 2022.

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