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Teaching people news skills is big business these days. Several class actions have been filed against postsecondary education provider Career Education Corporation (Nasdaq: CECO) and certain of its officers and directors by stockholders who purchased the company's common stock between January 28, 2003, and December 2, 2003. 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.

Several class actions have been filed against technology company Micromuse, Inc. (Nasdaq: MUSEE) and certain of its officers and directors by stockholders who purchased the company's common stock between January 20, 2000, and December 29, 2003. 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. The stockholders seek to recover compensatory damages for the loss of value of their stock.

The parties have reached a tentative $4.5 million in a consolidated class action filed against former e-commerce business solutions provider Clarus Corporation (Nasdaq:CLRS) and certain of its officers and directors by stockholders who purchased the company's common stock between December 8, 1999, and October 25, 2000. Persons eligible take part in the settlement should contact the attorneys for the class for more information.

On February 20, 2008, a motion to consolidate cases was filed by National City Corporation and certain individuals. As a result, a partial opposition to the above mentioned motion was filed on March 07, 2008. In response to the partial opposition, a reply in support of the motion to consolidate cases was filed by National City Corporation on March 19, 2008. The case continues with a motion to appoint lead plaintiffs and counsels filed by Skandia Life Insurance on March 24, 2008. As a response to the motion mentioned above, an order granting the appointment of lead plaintiffs and counsels was entered on April 01, 2008. In addition, two orders denying the motion to appoint lead plaintiffs and counsels of certain groups were entered on April 04, 2008. Last but not least, on May 06, 2008, the court granted an order on the withdrawal of Skandia Life Insurance Company LTD as counsel.

The mutual fund industry is under more scrutiny now than ever. Several class actions have been filed against investment broker Edward D. Jones & Company, LP, and certain of its officers and directors by investors who purchased Lord Abbett Funds, American Funds, Federated Funds, Goldman Sachs Funds, Hartford Mutual Funds, Putnam Funds, or Van Kampen Funds through the company between January 25, 1999, and January 9, 2004. The actions claim that the defendants violated federal securities laws by failing to disclose that it was steering its clients to purchase the funds because it was receiving huge incentive payments from the funds.

Several class actions have been filed against communications testing company Acterna Corporation (formerly OTCBB: ACTRQ) and certain of its officers and directors by stockholders who purchased the company's common stock between August 1, 2001, and October 30, 2002. 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.