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Investments

Genworth Financial (GNW) Securities Fraud Class Action Lawsuit

A Genworth Financial shareholder has brought a class action lawsuit alleging senior executives mislead investors in 2012 about the outlook for an IPO of its Australian mortgage unit.

Intercloud (ICLD) Securities Fraud Class Action Lawsuit

An Intercloud Systems shareholder has brought a class action lawsuit alleging senior executives paid undisclosed third parties to promote Intercloud’s stock without disclosing that the company paid for the promotion.

SolarCity (SCTY) Securities Fraud Class Action Lawsuit
A SolarCity shareholder has sued the company and senior executives alleging senior executives misled investors by filing inaccurate financial reports.
 
Gas Natural (EGAS) Shareholder Derivative Lawsuit

A Gas Natural shareholder filed a derivative action case against the board of directors of Gas Natural Inc, alleging that the CEO and board of directors systematically made payments to undisclosed “related parties” owned by the CEO which had the effect or illegally and artificially raising consumer rates for natural gas.

 
Global Geophysical Services (GGS) securities class action
A Global Geophysical Services, Inc. common stockholder and a preferred shareholder have sued the company, senior executives and directors alleging misrepresentation as the company has had to restate almost four fiscal years of financial statements.
 
Geron GERN Securities Fraud Class Action Lawsuit
A Geron shareholder has sued the company and senior executives alleging senior executives lied about negative results in clinical trials of imetelstat.
 
UTi Worldwide (UTIW) Securities Fraud Class Action Lawsuit

One UTI Worldwide shareholder has sued the company and senior executives alleging senior executives lied about its financial status.  

 
EPL Oil & Gas Merger Shareholder Review
EPL Oil & Gas, Inc ("EPL") announced that it has entered into a merger agreement with Energy XXI. Under the terms of the proposed EPL merger agreement, EPL shareholders will receive a total value estimated at $39 per share. The transaction is valued at approximately $2.3 billion.  The EPL merger raises an obvious question:  Is this the best the EPL’s board could do? 

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