Articles Posted in Class Actions

Investors in Lordstown Motors Corp. (NASDAQ: RIDE, “Lordstown” or the “Company”) may have legal claims arising from conduct by the Company that has given rise to a class action lawsuit (discussed below). The electric vehicle startup recently said in a regulatory filing with the Securities and Exchange Commission (“SEC”) that orders for its Endurance pickup…

On October 27, 2015, Vanguard Funds (Vanguard) filed suit against VEREIT, Inc. (VEREIT), VEREIT Operating Partnership, AR Capital, ARC Properties Advisors, RCAP Holdings, RCS Capital Corporation, and five company executives in Arizona federal court. VEREIT (formerly known as American Realty Capital Properties) is one of the largest real estate investment trusts (REITs) in the world.…

Christopher J. Gray, P.C. and its co-counsel have filed a petition for certiorari with the U.S. Supreme Court seeking review of the dismissal of the complaint in an action alleging that the major underwriters of title insurance conspired to fix the premiums for title insurance at an artificially high level. The U.S. District Court for…

Chistopher J. Gray. P.C. and its co-counsel filed an Amended Complaint in the consolidated class action lawsuit against, among others, Bank of America and certain commodities Futures Commission Merchants alleging aiding and abetting commodities fraud in connection with a fraudulent “Ponzi” scheme known as Agape operated by a man named Nicholas Cosmo (who has also…

Christopher J. Gray and his co-counsel, Louis F. Burke and Benjamin L. Del Vento, have filed a class action case against Nicholas Cosmo, an alleged Ponzi scheme promoter, as well as Bank of America and several commodities brokerages that carried accounts to which Cosmo allegedly diverted investor funds. The class action complaint alleges that starting…

The antitrust class action filed by Christopher J. Gray, P.C. and several other firms in the U.S. District Court for the Eastern District of Texas (Winn v. Alamo Title Insurance Co., et al.) alleging price-fixing in the market for title insurance has been transferred to the U.S. District Court for the Western District of Texas…

Christopher J. Gray today argued before a panel of the U.S. Court of Appeals for the Second Circuit seeking reversal of an order granting dismissal of class action claims against Morgan Stanley arising out of Morgan Stanley’s alleged conceealment of, misrepresentations concerning the existence of, and destruction of, e-mail evidence. The three-judge panel reserved decision,…