LawCash Links

Recommended

The market can offer many traps for even the most careful investor. Several class actions have been filed against investment giants UBS PaineWebber, Inc., and UBS Warburg, LLC, by investors who purchased GOALs(+) Equity Linked Notes, including WorldCom, Inc., Nokia Corporation, The Home Depot, Inc., Cisco Systems, Inc., and other GOALs(+) linked to other companies, and issued by UBS AG and offered for sale and sold by the defendants, under SEC File Number 333-46930 by means of prospectuses filed by UBS with the SEC on November 21, 2000; December 8, 2000; December 20, 2000; February 26, 2001; March 29, 2001; and May 17, 2001, supplemented in various GOALs(+) prospectus supplements. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations in their prospectuses so that investors bought what were, in effect, worthless or severely devalued stock.

The parties have reached a tentative $6.25 million settlement in several consolidated class actions filed against Berkshire Realty Company, Inc., (formerly NYSE:BRI) and certain of its officers and directors by stockholders who purchased the company's common stock between June 21, 1999, and October 15, 1999. The actions claim that the defendants violated federal securities laws by breaching their fiduciary duties when they engineered a going-private, cash-out merger transaction in 1996 and 1997. The court-order notice of settlement does not specify a claims deadline -- persons eligible to take part in the settlement should contact attorneys for the class as soon as possible.

The parties have reached a tentative $6.1 million settlement of a class action filed against computer retailer CompUSA, Inc. (formerly Nasdaq: CPU) and certain of its officers and directors by stockholders who purchased the company's common stock or publicly traded options between December 31, 1997, and April 29, 1998.

A class action has been filed against Collins & Aikman Corp. (NYSE:CKC), certain of its officers and directors by stockholders who purchased the company's common stock between May 06, 2004 and March 17, 2005. 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 parties have reached a tentative $3.25 million settlement in several actions filed against John Alden Financial Corporation and certain of its officers and directors by stockholders who purchased the company's common stock between October 20, 1994, and May 3, 1995. Persons eligible to participate in the settlement must file a proof of claim postmarked no later than May 16, 2004.

A class action has been filed against International Business Machines Corporation (IBM) (NYSE:IBM), certain of its officers and directors by stockholders who purchased the company's common stock between April 05, 2005 and April 15, 2005. 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.

IT'S FREE