The St. Joe Companies (JOE) investors file derivative suit; is class action next?
A new front has been opened in the ongoing saga of St. Joe Companies (NYSE: JOE): a derivative suit filed by outside investors. St. Joe is currently in a tug of war between hedge funds. The bears accuse it of fraud, failing to mark down land as its value deteriorated. ...
Fuwei Films securities fraud class action settlement approved; will it be a template for other China stock fraud cases?
There have been a spate of securities fraud class actions recently involving US-listed Chinese companies, including reverse takeovers (China RTOs). While Fuwei Films was not itself an RTO, it may give an idea of the range of settlement that class members can expect in other China stock cases. Here are ...
Court approves $760M settlement of Keepseagle Native American farmer/rancher class action against USDA
After a long and sad saga of discrimination, the United States Department of Agriculture has reached a settlement with a class of Native American farmers and ranchers. The settlement agreement requires USDA to pay $680 million in compensatory damages to thousands of class members and to forgive up ...