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Case ID: 2927 | Stocks | 01/05/2005
A class action has been filed against Pilgrim Baxter & Associates, Ltd. and certain of its affiliated companies on behalf of investors who purchased shares in any PBHG mutual fund between November 13, 1998, and November 13, 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 investment.
The action alleges that during this time period the PBHG mutual funds and the other defendants engaged in illegal and improper trading practices, in concert with certain institutional traders, that caused financial injury to the shareholders of the PBHG mutual funds. Allegedly, the defendants surreptitiously permitted certain favored investors to illegally engage in "timing" of the PBHG mutual funds whereby these favored investors were permitted to conduct short-term, "in and out" trading of mutual fund shares, despite explicit restrictions on such activity in the PBHG mutual funds' prospectuses. Funds InvolvedPBHG Growth Fund 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 Stocks Cases of Interest A class action has been filed against Abercrombie & Fitch Co. (ANF), certain of its officers and directors by stockholders who purchased the company's common stock between June 2, 2005 and August 16, 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. On March 17, 2008, two motions to appoint certain individuals as lead plaintiffs were filed. While an order denying motion to appoint Inter-Local Pension Fund GCC/IBT as lead plaintiff, it granted motion to appoint U.S. Public Pension Fund instead as lead plaintiff on May 09, 2008.
Several class actions have been filed against medical products and services company Cardinal Health, Inc., (NYSE:CAH) and certain of its officers and directors by stockholders who purchased the company's common stock between October 24, 2000, and June 30, 2004. The actions claim 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. A class action has been filed against Molson Coors Brewing Company , certain of its officers and directors by stockholders who purchased the company's common stock between July 22, 2004 and April 27, 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. Several class actions have been filed against customer relationship management (CRM) solutions firm Salesforce.com, Inc. (NYSE:CRM) and certain of its officers and directors by stockholders who purchased the company's common stock between June 21, 2004, and July 21, 2004. The actions claim 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.
Kahn Gauthier Swick, LLC ("KGS") has filed a class action lawsuit in the United States District Court for the Western District of Washington, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of Loudeye Corp. ("Loudeye" or the "Company") (NASDAQ:LOUD - News) between May 19, 2003 and November 9, 2005 (the "Class Period"). |
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