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Case ID: 5106 | Stocks | 07/21/2008
On June 30, 2008 the judge ordered the case transferred to the Western District of Kentucky.
According to the docket, a class action was filed on behalf of purchasers of securities promoted and sold unlawfully by Heartland Resources, Inc. and the other Defendants, on May 19, 2008. The complaint alleges that the securities promoted and sold by the Defendants included partnership interests in what were purported to be mainly limited partnerships. The securities promoted and sold by the Defendants also included Working Interests offered by Heartland Resources, Inc. "Working Interests" are fractional, undivided interests in oil and gas properties and rights. The complaint also alleges that by and through the Partnerships and offerings of Working Interests ("Offerings"), the Defendants facilitated the fraudulent sale of securities to the Investors. The Investors are pursuing remedies against the Defendants under the Securities Act of 1933 and the regulations promulgated thereunder (the "Securities Act"), the Securities Exchange Act of 1934 and the regulations promulgated thereunder (the "Exchange Act"), the Tennessee Securities Act of 1980 and the regulations, rules, and orders promulgated thereunder (the "Tennessee Securities Act"), and Tennessee common-law and equitable causes of action, the Securities Act of Kentucky and the regulations, rules, and orders promulgated thereunder (the "Kentucky Securities Act"), and Kentucky common-law and equitable causes of action.
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 The Coca-Cola Company (NYSE:CCE), certain of its officers and directors by stockholders who purchased the company's common stock between January 30, 2003 and September 15, 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. Two law firms representing Diebold Inc. investors are suing Diebold Inc., claiming the Ohio company made misleading comments about its electronic voting machine business that led to artificially high share prices. Both lawsuits seek class-action status. Both lawsuits were filed in U.S. District Court in Cleveland and claim Diebold was "unable to assure the quality and working order of its voting machine products."
A class action lawsuit has been filed in the Eastern District Court of Pennsylvania against John F. Donahue and others for violations of the Investment Company Act. Class members seek compensatory damages, disgorgement of the fees paid to the investment advisors and punitive damages. On March 31, 2008, several motions were filed by different groups and individuals to be appointed as lead plaintiffs, lead counsels as well as to consolidate cases. A response to the above mentioned motion was filed on April 17, 2008 by SLM Venture. Just as quickly, a memorandum of law in opposition of consolidating cases, to appoint lead plaintiffs and counsels was filed by Sheet Metal Workers Pension Fund Trust at the same time. Several class actions have been filed against open source operating system company Red Hat, Inc., (Nasdaq:RHAT) and certain of its officers and directors by stockholders who purchased the company's common stock between December 19, 2003, and July 13, 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") announces that shareholders of Allot Communications Ltd. ("Allot" or the “Company”) (Nasdaq:ALLT) who purchased shares of the Company in connection with its November 15, 2006 Initial Puxblic Offering ("IPO") or who purchased shares thereafter in the open market, have until July 2, 2007 to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Southern District of New York. No class has yet been certified in this action.
UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY. |
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