On December 14, 2011, a class action lawsuit was filed against Bank of New York Mellon Corporation, also known as BNY Mellon, in the United States District Court of the Southern District of New York. The lawsuit was filed for the class period of February 28, 2008, to August 11, 2011. Investment attorneys are encouraging…
Continue reading ›Stock fraud lawyers are investigating potential claims for investors against China Automotive Systems Inc. A class action lawsuit was filed against China Automotive on October 25, 2011, in the United States District Court for the Southern District of New York. The lawsuit, which was filed against the company as well as several of its officers,…
Continue reading ›The Securities and Exchange Commission (SEC) has charged Western Pacific Capital Management LLC and its president, James O’Rourke, with securities fraud. The California-based firm allegedly materially represented the liquidity of a hedge fund and failed to disclose to clients a conflict of interest related to the fund. Stock fraud lawyers are watching this and other…
Continue reading ›The term “rogue trader” has been used in recent news and often accompanies reports of catastrophic losses. According to the San Francisco Chronicle, “a rogue trader is a trader who takes unauthorized investing risks to attempt massive gains, but makes reckless choices in the process.” Therefore, action taken against a rogue trader by a stock…
Continue reading ›A new investor alert from the Financial Industry Regulatory Authority cautioned investors about scams related to investment in gold stocks. The alert, titled, “’Gold’ Stocks—Some Investments Mine Your Pocketbook,” provides information on legitimate gold investments and how to invest in them as well as dangers of illegitimate gold investments. The record price of gold bullion…
Continue reading ›A jury in the New York State Supreme Court found James W. Margulies guilty of conspiracy, grand larceny, falsifying business records, scheming to defraud and violation of general business law. The date currently scheduled for sentencing is August 9; Margulies could receive up to 25 years in prison. Margulies served both as the CEO and…
Continue reading ›While stock broker fraud is always a despicable crime to the victims of the fraud, the case of Joshua Gould’s broker misconduct seems infinitely worse for the close relationship between victim and perpetrator, as well as the vulnerable nature of other investors. Gould, a former independent broker for Woodbury Financial Services in University City, defrauded…
Continue reading ›
