Steinmeyer Law

CFTC Launches Whistleblower Program’s Website

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today launched the CFTC Whistleblower Program’s new website, www.whistleblower.gov. The new website provides an improved interface that educates the public about the Whistleblower Program and allows users to submit tips about potential violations of the Commodity Exchange Act (CEA) and apply for monetary awards. The new website…

United Development Funding IV (UDF)

United Development Funding IV UDF Class Action Homepage —  January 28th, 2015 — Steinmeyer Law @ www.steinmeyerlaw.com announces that a class action lawsuit has been filed on behalf of purchasers of United Development Funding IV (NASDAQ: UDF) securities from June 4, 2014 through December 10, 2015, all dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for United…

Sequoia Fund SEQUX Class Action Homepage —  January 25th, 2015 — Steinmeyer Law @ www.steinmeyerlaw.com announces that a complaint was filed in the Supreme Court of the State of New York, County of New York. The complaint alleges that officers and directors of Sequoia Fund Inc. (SEQUX) violated the Investment Company Act of 1940 by causing the Fund to deviate from sound investment principles and…

OvaScience Inc OVAS Class Action Homepage — January 27nd, 2016 –  Steinmeyer Law announces it is investigating potential securities claims on behalf of shareholders of OvaScience, Inc. (“OvaScience”) (NASDAQ: OVAS) resulting from allegations that OvaScience may have issued materially misleading business information to the investing public. This investigation concerns whether OvaScience made…

HeartWare International Inc (HTWR)

HeartWare International Inc HTWR Class Action Homepage —  January 25th, 2015 — Steinmeyer Law @ www.steinmeyerlaw.com announces that a class action lawsuit has been filed on behalf of purchasers of HeartWare International Inc. securities (NASDAQ:HTWR) from June 10, 2014 through January 11, 2016, all dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for HeartWare investors…

Tower Semiconductor Ltd. USA (TSEM)

Tower Semiconductor Ltd. USA TSEM Class Action Homepage —  January 25th, 2015 —  Steinmeyer Law announces that a class action has been filed on behalf of purchasers of Tower Semiconductor Ltd. (NASDAQ: TSEM) securities from April 30, 2012 through January 13, 2016, all dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Tower Semiconductor investors under the federal…

Walmart Retaliated Unlawfully, Judge Rules

Walmart Stores unlawfully retaliated against workers who participated in strikes in 2013 and must offer to reinstate 16 dismissed employees, a National Labor Relations Board judge has ruled. Administrative Law Judge Geoffrey Carter said in a ruling posted on the board’s website on Thursday that Walmart violated labor laws by “disciplining or discharging several associates because they were absent…

Fitbit Inc FIT Class Action Homepage — January 22nd, 2016 –  Steinmeyer Law is investigating potential securities claims on behalf of shareholders of Fitbit Inc. (NYSE: FIT) resulting from allegations that Fitbit may have issued materially misleading business information to the investing public. On January 6, 2016, a class action lawsuit was reported filed against Fitbit in the U.S. District…

Esperion Therapeutics, Inc. (ESPR)

Esperion Therapeutics, Inc. ESPR Class Action Homepage —  January 21th, 2015 — Steinmeyer Law today announced that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan on behalf of purchasers of Esperion Therapeutics, Inc. (“Esperion”) (NASDAQ:ESPR) common stock during the period between August 18, 2015 and September 28, 2015 (the…

Personal Jurisdiction Over Non-U.S. Financial Institutions – Licci v. Lebanese Canadian Bank

Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Monday, December 24, 2012 More from: Michael Wiseman, Samuel Seymour, Sullivan & Cromwell The following post comes to us from Michael M. Wiseman and Samuel W. Seymour, managing partners of the Financial Institutions Group and Criminal Defense and Investigations Group, respectively, at Sullivan &…

How US laws can apply

Means or Instrumentality of Interstate Commerce Many US laws — including the Foreign Corrupt Practices Act (FCPA) in certain circumstances and various antifraud statutes — may establish jurisdiction over a crime whenever it involves the use of any “means or instrumentality of interstate or foreign commerce.” The term is broadly defined by US authorities and may cover any communication or movement…

GoPro is Poster Child for IPO Market Scams

Stock down 20% We wake up today to the latest carnage in the GoPro stock, down another 20% on weak earning`s, poor guidance, and a 7% cut in its workforce. There are several things the company could have executed on so that the stock would have held up much better than its near Calvary stampede from $94 a share to effectively $11 a share on a direct line down. For example, they could have…

Natural Health Trends Corp. (NHTC)

Natural Health Trends Corp. NHTC Class Action Homepage —  January 13th, 2015 — Steinmeyer Law announces that a class action lawsuit has been filed on behalf of purchasers of Natural Health Trends Corp. (NASDAQ:NHTC) securities from March 6, 2015 through January 12, 2016, all dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Natural Health Trends investors under the…

Consolidated-Tomoka Land Co. (CTO)

Consolidated-Tomoka Land Co. CTO Class Action Homepage — January 11th, 2016 –  Steinmeyer Law is investigating potential claims on behalf of investors of Consolidated Tomoka Land Co. (“CTO” or the “Company”) (NYSE MKT: CTO) concerning the Company’s and its officers’ possible violations of federal securities laws. Steinmeyer Law is preparing a lawsuit on behalf of injured CTO investors. On…

J.P. Morgan Securities Fined $4 Million for False Statements to Clients

Regulators have fined J.P. Morgan Securities $4 million for making false statements on the client website of its private bank and in its marketing materials about how its private bank advisers are paid. The Securities and Exchange Commission announced the fine on Wednesday; J.P. Morgan neither admitted nor denied wrongdoing. Clients of J.P. Morgan’s private bank must have $5 million or more in…