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Case ID: 4458 | Stocks | 10/03/2005
A class action has been filed against Red Robin Gourmet Burgers, Inc. (RRGB), certain of its officers and directors by stockholders who purchased the company's common stock between November 8, 2004 and August 11, 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 purported shareholder class action lawsuits have been filed against Red Robin Gourmet Burgers, Inc. and certain of its present and former executive officers alleging defendants violated federal securities laws. Specifically, the Complaint alleges that, during the Class Period, Red Robin issued a series of materially false and misleading statements regarding Red Robin's business and prospects and concealed improper self-dealing by its CEO. On August 11, 2005, Red Robin reported that its second quarter results would be lower than expectations due to charges and adjustments to various accounts and that its Chairman, President and CEO had resigned in light of an investigation into his personal use of Red Robin's assets. On this news, Red Robin stock fell from a close of $59.79 per share on August 11, 2005, to close at $45.55 per share on August 12, 2005. If you bought Red Robin Gourmet Burgers, Inc. securities between November 8, 2004 and August 11, 2005, inclusive, and would like to obtain information about the Red Robin Gourmet Burgers, Inc. lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney. 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 Washington Mutual, Inc., a retailer or financial services (WM) and certain of its officers and directors by stockholders who purchased the company's common stock between April 15, 2003 and June 28, 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. The parties have reached a tentative $4.5 million settlement in several actions filed against PHP Healthcare Corporation and certain of its officers and directors by stockholders who purchased the company's common stock between July 27, 1995, and November 19, 1998. Persons eligible to participate in the settlement must file a proof of claim postmarked no later than May 13, 2004. 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. Several class actions have been filed against human resource manager Ceridian Corporation (NYSE:CEN) and certain of its officers and directors by stockholders who purchased the company's common stock between April 17, 2003, and July 19, 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 PEMSTAR, Inc. (NasdaqNM:PMTR), certain of its officers and directors by stockholders who purchased the company's common stock between January 29, 2003 and January 24, 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 Fox Entertainment Group, Inc. (NYSE:FOX), a entertainment company and certain of its officers and directors by stockholders who purchased the company's common stock between January 10, 2005, and the date that News Corp. consummates its purchase of Fox. 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. |
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