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Molina Sued

If you purchased Molina Healthcare, Inc. (NYSE: MOH – News; “Molina”) between November 3, 2004 and July 20, 2005, you have until September 26, 2005, request that the Court appoint you as lead plaintiff of the class of shareholders suing the company alleging: that Molina violated federal securities laws in connection with the sudden and…

NDC Health Suit Dismissed

The Honorable William S. Duffey Jr., United States District Court Judge for the Northern District of Georgia, granted a motion to dismiss by NDCHealth Corporation the securities class-action complaint naming NDCHealth Corporation and certain of its officers and advisors as defendants. The complaint was originally filed on April 7, 2004. NDCHealth’s motion to dismiss the…

Settlement Nets 14 Cents

Imagine LaMont Matthews’ surprise to receive a check for just 14 cents as a result of the class action lawsuit he participated in against American Express Centurion Bank. His story was reported by The Oregonian: His financial windfall stems from a class-action suit out of Los Angeles that was generated by a boatload of lawyers…

RenaissanceRe Sued

If you purchased stock in RenaissanceRe Holdings Ltd. (NYSE: RNR) between January 24, 2002 and July 25, 2005, you may be eligible to participate in a class action lawsuit brought in New York by the law offices of Brian M. Felgoise, P.C. The case is pending in the United States District Court for the Southern…

Cyberonics Sued

Cyberonics, the medical device manufacturer trying to get FDA approval for its vagus nerve implant to be used to treat depression, was sued on June 17 in the United States District Court for the Southern District of Texas. If you bought Cyberonics stock between June 15, 2004, and October 1, 2004, you may be eligible…

Weiss Lawsuits Under Scrutiny

In a not so indirect manner, the many class action lawsuits filed by the Milberg Weiss law firm are under close scrutiny by the U. S. Attorney’s Office in Los Angeles. This comes as part of a 67-page indictment handed down June 23 against San Diego attorney Bill Lerach, once a prime pump for Weiss’s…

Settlements at All Time High!

According to the New York-based NERA Economic Consulting, a New York-based international firm of economists that tracks securities class action cases, settlements in shareholder class action lawsuits have reached an all-time high level. However, new filings are down by 17% for the first half of 2005, according to a NERA study. The economists also predict…

Nam Tai Electronics Suit Update

An ongoing lawsuit against the Nam Tai Electronics (NTE on the NYSE) seeks consolidation and certification as a class action lawsuit in a Vancouver, BC, court as reported by First Call: The initial complaint in the Rocco Action was filed on February 20, 2003. In July 2003, this initial complaint was consolidated with another complaint…

IBM Sued

If you bought IBM stock January 19, 2005 through April 14, 2005, you should know about a class action lawsuit that was filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of the International Business Machines Corporation. The complaint charges IBM…

WorldCom Suit Settled

Investors in WorldCom Inc. who brought a class action lawsuit against the telecommunications giant when it collapsed in an $11 billion accounting fraud will split over $6 billion in a settlement reached yesterday. Former WorldCom CEO Bernard Ebbers, 12 former WorldCom directors, auditing firm Arthur Andersen and major investment banks that underwrote WorldCom securities have…