|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 4189 | Stocks | 01/24/2005
A class action has been filed against Input/Output Inc. (NYSE:IO), a TX based provider of seismic acquisition imaging technology, and certain of its officers and directors by stockholders who purchased the company's common stock between May 10, 2004 and January 4, 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.
Specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: • that the integration of GX Technology Corporation (GXT) and Input/Output had failed, On January 4, 2005, the Company issued a press release and announced that fourth quarter results would be significantly below the low end of the Company's guidance of $0.08 per share primarily because two high margin GXT data library sales were not completed as expected. This announcement caused the Company's shares to fall $1.41 per share, or about 17 percent. 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 According to a press release dated March 19, 2008, a class action lawsuit on behalf of persons who purchased Auction Rate Securities from Wachovia Corporation and Wachovia Securities, LLC, during the Class Period and who continued to hold such securities as of February 13, 2008.
Several class actions have been filed against Chinese e-commerce company World Information Technology, Inc. (OTC BB:WRLT.PK), and certain of its officers and directors by stockholders who purchased the company's common stock between January 3, 2003, and March 16, 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. On June 27, 2008, the Court entered the Order signed by U.S. District Judge Gerard E. Lynch consolidating three actions under In re Société Générale Securities Litigation, case number 08cv2495.
According to a law firm press release, the complaint charges CIT and certain of its officers and directors with violations of the Securities Exchange Act of 1934. CIT is a leading commercial and consumer finance company, providing clients with financing and leasing products and advisory services in North America, Europe, Latin America and Asia Pacific.
The parties have reached a $90 million settlement in an enforcement action filed by the SEC against mutual fund manager Pilgrim Baxter & Associates, Ltd., on behalf of stockholders who purchased the company’s mutual funds between 1996 and December 2001. 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") announces that shareholders of U.S. Auto Parts Network, Inc. ("U.S. Auto Parts") who purchased shares of the Company in connection with its February 9, 2007 Initial Public Offering ("IPO") or who purchased shares thereafter in the open market, may now move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Central District of California. |
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
