|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 4211 | Stocks | 03/02/2005
A class action lawsuit has been filed on behalf of all persons who on or about August 1, 2002, tendered for redemption their 8 1/4% Senior Debentures Due August 1, 2022, pursuant to a Notice of Redemption sent by The Bank of New York and dated July 1, 2002. The Debentures were originally issued in 1986 by Gulf + Western, Inc. and, at the time of the purported redemption, were the obligation of Viacom International, Inc.
The case is entitled James & Cindy Cox v. Viacom International, Inc. & The Bank of New York. This lawsuit was filed in the United States District Court for Oregon, 1000 SW Third Avenue, Portland, Oregon 97204. The case number is CV02-1598-KI. The complaint charges The Bank of New York and Viacom with violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that defendants mailed the Notice of Redemption less than 30-days before the August 1, 2002 Redemption Date, a period shorter than the period required for redemption by the terms of the Debentures and their Indenture. Plaintiffs allege that the defendants had no legal basis for compelling redemption, but nevertheless, the Notice of Redemption sent to each Debenture-holder stated that the holder was required to tender the holder's Debenture for redemption on August 1, 2002. The complaint alleges these statements were false and the Debenture-holders had no legal obligation to tender their Debentures for redemption, but could have continued to hold their Debentures and to accrue interest at the rate of 8 1/4% per annum. If you were an owner of these Debentures and sold or tendered back to Viacom these Debentures pursuant to the Redemption Notice purportedly sent on July 1, 2002, by The Bank of New York, you may make a claim in this case by contacting a lawyer toll free at 1-866-467-1400, or may make a claim on this page now. 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 Bayou Hedge Fund Entities and its officers and directors by stockholders who purchased the company's common stock between December 31, 1996 and August 25, 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. A class action has been filed in the Southern District Court of New York against Royal Group Technologies, Ltd, (NYSE: RYG) a global manufacturer of polymer-based home improvement, consumer and construction products, and certain of its officers and directors by stockholders who purchased the company's common stock between February 11, 2004 and October 13, 2004. 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. Internet service companies are more necessary than ever in today’s high-tech economy. Several class actions have been filed against the officers and directors of telecommunications networking equipment provider Redback Networks, Inc. (Nasdaq: RBAKQ) by stockholders who purchased the company's common stock between April 12, 2000, and October 10, 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. A class action has been filed against Textainer Partnerships, (XXFFA.PK), certain of its officers and directors by stockholders who purchased the company's common stock between March 22, 2005 and March 22, 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. A class action has been filed against disease management program provider Matria Healthcare, Inc. (Nasdaq: MATR) and certain of its officers and directors by stockholders who purchased the company's common stock between October 24, 2001, and June 25, 2002. A class action has been filed against Smith Barney and its parent, Citigroup Inc., by investors who invested $100,000 or more in class B shares in one or more Smith Barney mutual funds between June 12, 1998, and June 12, 2003, where the investment could have otherwise qualified for the $100,000 "breakpoint" load reduction associated with investments in class A shares of the same fund. |
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
