SEC Charges the Cheesecake Factory for Misleading COVID-19 Disclosures SEC The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC's first charging a public company for misleading investors about the financial effects of the pandemic.
Stock Sales by Leaders at Coronavirus Testing Company Raise Legal Concerns NPR Early on in the coronavirus pandemic, as governments scrambled to find rapid and reliable coronavirus tests, three states ended up turning to a small public company that just months earlier had no major customers and was losing millions of dollars.
Home Health Agency and Former Owner to Pay $5.8 Million to Settle False Claims Act Allegations DOJ Doctor’s Choice Home Care, Inc. and its former owners, Timothy Beach and Stuart Christensen, have agreed to pay $5.15 million to resolve allegations that the home health agency provided improper financial inducements to referring physicians through sham medical director agreements and bonuses to physicians’ spouses who were Doctor’s Choice employees, the Department of Justice announced today.
Wirecard's creditors claim at least 12.5 billion euros REUTERS Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday.
In the comedy film "Dumb and Dumber," the two main characters, played brilliantly by Jim Carrey and Jeff Daniels, trek across the country to return a briefcase they believe
Institutional investors often ask why they should become involved in private securities litigation. After all, "Isn't the SEC protecting us?" Yes and no. The SEC is tasked with protecting investors, maintaining fair, orderly
Hagens Berman Sobol Shapiro LLP, a leading qui tam litigation firm, says a new law giving financial regulators a potent tool for investigating and rooting out securities fraud is an
United States investors, who buy or sell securities outside the U.S., cannot sue in the U.S. or use U.S. law, to recover against foreign fraudsters! Nor can foreign investors
Institutional investors do in fact make a difference as lead plaintiffs in reaching larger settlements and improving corporate governance. Given the costs of serving as a lead plaintiff and the