|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 2584 | Miscellaneous | 06/30/2004
A class action has been filed against bank holding company North Country Financial Corporation (Nasdaq: NCFC) and certain of its former officers by stockholders who purchased the company's common stock between November 13, 2000, and April 15, 2003. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.
The action claims that, during this time period, the defendants misrepresented North Country's business operations and financial practices by engaging in unsafe banking practices, including hazardous lending practices. These allegedly unsafe banking practices were revealed on April 13, 2003, when the defendants disclosed that North Country had agreed to the issuance of a Cease and Desist Order by the Federal Deposit Insurance Corporation and the Michigan Office of Financial and Insurance Services. On April 15, North Country's independent auditors raised "substantial doubts" as to the company's ability to continue as a going concern. North Country's stock price plummeted 17% on this news. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Miscellaneous Cases of Interest Lawyers have recently filed class action lawsuits on behalf of millions of persons in the United States who are residential customers of telephone or Internet services provided by Verizon, AT&T and BellSouth. The Complaints allege that the National Security Agency ("NSA") began a classified surveillance program shortly after September 11, 2001, to intercept the telephone and Internet communications of persons inside the United States without judicial authorization, a program that continues to this day. Federal law prohibits the use of fax machines for sending unsolicited advertisements. The class has been certified in a class action filed against car wash company Carnett’s, Inc. on behalf of up to 73,500 persons who received advertisements over their fax machines in violation of the federal Telephone Consumer Protection Act. The action seeks between $500 and $1500 damages per fax sent as allowed by the Act. All persons who received such an ad should contact attorneys for the class. If work needs to be carried out on your land for the public good, you may have to grant the agency that is doing the working an easement, or permanent right-of-way, but you should be paid for it. The parties have reached a tentative $943,000+ settlement in an action filed against AT&T Corporation on behalf of certain persons who own or owned land in Maryland between October 1989 and January 8, 2003, through which railroads run and on which AT&T laid fiber optic cable. The action alleged that the company laid the cable without proper permission, in violation of state property laws. Claims must be postmarked by December 19, 2003, to be considered valid. A class action lawsuit has been filed in the Northern District Court of Georgia against Morris Brown College for violations of the Racketeer Influenced and Corrupt Organizations Act (RICO), which addresses the infiltration of legitimate businesses by organized crime. Class members seek damages, attorney's fees and costs of the litigation. More than 9,000 people who received shots to ward off hepatitis A after an outbreak at a Chi-Chi's restaurant can make a claim in an $800,000 class-action settlement.
The federal judge overseeing Chi-Chi's bankruptcy has approved notice to the
9,489 people who got immune globulin shots from the Pennsylvania Department
of Health after the outbreak was publicized in early November 2003. When a cruise liner enters a foreign port, it sometimes has to pay a nominal fee for each passenger on its manifest. The parties have reached a tentative $40 million settlement in a class action against Premier Cruise Line, Ltd., Inc. on behalf of all persons who traveled, or paid for someone else's travel, on a cruise with Premier Cruise Line, known as The Big Red Boat, between May 1, 1992, and December 31, 1997, alleging that the cruise line wrongly assessed port charges to passengers.
|
IT'S FREE
|
Class Action Lawsuit Center ||
Product Recall Center ||
Consumer Complaint Center ||
About LawCash
Link Exchange
Privacy Policy ||
Legal Policies ||
Terms & Conditions ||
Website Advertising Policy ||
Site Map ||
Top Lawsuits
LawCash® is a service of nola3, llc
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
