股东诉讼类别档案 - 投资欺诈律师出版的投资者律师博客 - Shepherd Smith Edwards＆Kantas，LLP

第一巡回上诉法院恢复了养老金计划对瑞银的股东衍生索赔

发表于：January 4, 2013 | 经过Shepherd Smith Edwards＆Kantas，LLP

The U.S. Court of Appeals for the First Circuit has reinstated theshareholder derivative claims由两个波多黎各养老金资金提交的瑞银金融服务公司（UBS）Judge Kermit Lepez said that following de novo review—a district court had dismissed the case on the grounds that a failure to properly plead demand futility was subject to such an examination—it seemed to him that the plaintiffs’ allegations sufficiently show reasonable doubt about six fund directors’ ability to assess the former’s demand to bring this action with the independence and disinterest mandated by Puerto Rican law.

The two pension funds are the owners of shares in closed-end funds that made investments, which were not successful, through UBS entities. Their investment adviser and fund administrator is UBS Trust, which is a UBS Financial affiliate.

据法院称，瑞银（UBS Financial）已成为波多黎各的员工退休系统（ERS）财务顾问已有五年以上的价格，承销了2.9b美元的ERS发行债券。同时，瑞银信托基金（UBS Trust）购买了大约1.5亿美元的ERS债券，然后将其卖给了资金。有争议的是两家波多黎各资金购买的债券约为7.57亿美元。

继续阅读 >

花旗集团支付5.9亿美元以解决股东集体诉讼CDO诉讼

发表于：2012年8月30日 | 经过Shepherd Smith Edwards＆Kantas，LLP

Citigroup (C)已同意支付5.9亿美元的股东集体诉讼抵押债务义务诉讼，原告声称该诉讼误以为他们误导了银行在2008年经济倒闭之前通过解决方案，而Citigroup不承认否认任何不当行为。联邦法官批准了拟议协议。

该CDO诉讼的原告包括伊利诺伊州，俄亥俄州的养老基金和由自动交易台的前雇员和董事领导的科罗拉多州的养老金。They obtained Citigroup shares when the bank bought the electronic trading firm in July 2007. The shareholders are accusing bank and some of its former senior executives of not disclosing that Citigroup’s CDOs were linked to mortgage securities until the bank took a million dollar write down on them that year. Citigroup would later go on to write down the CDOs by another tens of billions of dollars.

原告声称花旗集团采用了不当的会计惯例，因此没有人会发现其持股正在失去其价值，而是使用了被夸大的“不支持标记”，因此其“计划”可以继续进行。他们说，银行告诉他们，它已经卖出了数十亿美元的抵押债务义务，但没有告诉他们保证证券免受损失。bob200体育股东声称要掩盖风险，花旗将担保人放在单独的帐户中。

Prior to the economic collapse of 2008, Citi had underwritten about $70 billion in CDOs. It, along with other Wall Street firms, had been busy participating in the profitable, growing business of packaging loans into complex securities. When the financial crisis happened, the US government had to bail Citigroup out with $45 billion, which the financial firm has since paid back.

这不是花旗集团与次级抵押和金融危机有关的第一个案件。2010年，花旗支付了7500万美元，以解决SEC的指控，该指控已向公众发表了误导性陈述，甚至承认它已歪曲了该曝光率为130亿美元，或者是在7月至10月中旬之间的。2007年实际上超过500亿美元。花旗集团还同意向SEC 2.85亿美元付款，以解决指控，即当它没有透露它有助于选择基于CDO的抵押证券时，它误导了投资者，同时对此进行了押注。bob200体育

本周，花旗同意向另一组投资者支付2500万美元的MBS和解，向证券诉讼指控它忽略了风险，并在两家MBS信托的住宅贷款上讲述了评估和承保标准。bob200体育原告，大堪萨斯城劳工养老基金和安阿伯市雇员退休系统起诉了花旗的机构客户群体。‬

这一耗资5.9亿美元的花旗集团是迄今为止CDO的最大定居点，也是与经济危机有关的最大的。According to The Wall Street Journal, the two that outsize this was the $627 million that Wachovia Corp. (WB) agreed to pay over allegations that investors were misled about its mortgage loan portfolio’s quality and the $624 million by Countrywide Financial (CFC) in 2010 to settle claims that it misled investors about its high risk mortgage practices.

花旗集团在5.9亿美元的次级诉讼中，《纽约时报》，2012年8月29日

Citi’s $590 million settlement: Where it ranks，2012年8月29日

花旗集团表示要支付7500万美元来解决SEC次级案件，彭博，2010年7月29日

更多博客文章：

摩根·基根（Morgan Keegan）以2亿美元的价格解决次级抵押证券费用bob200体育，，，，Stockbroker Fraud Blog, June 29, 2011

继续阅读 >

Amerigroup股东声称Goldman Sachs顾问的利益冲突影响了$ 4.5B出售公司的利益冲突

发表于：2012年8月21日 | 经过Shepherd Smith Edwards＆Kantas，LLP

Amerigroup Corp (AGP) shareholders are suing its board and Goldman Sachs Group (GS) because they say that the defendants’ conflicts of interest got in the way of other bids being considered before they agreed to let WellPoint Inc. (WLP) buy the managed care company for $4.9B.

The shareholders’ securities lawsuit was filed by the Louisiana Municipal Police Employees Retirement System and the City of Monroe Employees Retirement System in Michigan in the Delaware Court of Chancery, which has seen an increase in cases over whether certain deals shouldn’t go through because of questions surrounding whether the advisors involved had conflicts of interest.

根据原告的说法，即使不符合股东的最大利益，与阿美集团的复杂衍生交易为快速执行交易而产生了经济激励。这家金融公司被指控推动购买惠点购买，而不是与另一家公司一起购买，尽管这会带来更多的监管问题，但它需要花费时间才能解决。

The WellPoint deal, contend the pension funds, allowed for the possibility that Goldman would get a windfall profit on the derivative deal that would obligate Amerigroup to pay the financial firm $233.7M if an agreement on the sale was reached by August 13, as well as another “substantial” financial figure if by October 22 it was closed.

现在，Amerigroup的股东希望阻止公司的出售，直到董事会提高交易条款为止。他们认为，导致交易的过程（几乎可以翻一番的医疗补助业务）阻止了可能的最高价格被考虑并“有缺陷”。他们说，这项衍生交易对高盛是一场冲突，因为美国人群将远远超过它应该从Wellpoint交易中获得的1870万美元。

Although not defendants in this shareholder complaint, the firm’s management and Barclays (BCS) also had conflicts when arranging the company’s sale, claim the plaintiffs. They said that one could argue that WellPoint bought Amerigroup executives’ loyalty by indicating that they could stay in their positions after the acquisition and that following the merger they would be given $12M worth of WellPoint stock.

根据总统巴拉克·奥巴马（Barack Obama）的医疗保健法，医疗补助将增加多达1700万患者。此次出售将使Wellpoint成为最大的医疗补助覆盖范围。UnitedHealth Group Inc.（UNH）将是第二大。随着日益增长的医疗补助市场的竞争仍在继续，预计会有更多的医疗保健公司收购。

高盛（Amerigroup/Wellpoint Deal-Lawsuit）的高盛“冲突”，路透社，2012年8月17日

Wellpoint拖入高盛西装，ibj.com，2012年8月20日

更多博客文章：

前戈尔曼·萨克斯（Sachs）董事拉贾特·古普塔（Rajat Gupta）对内幕交易无罪，股票经纪人欺诈博客，2011年10月20日

高盛（Goldman Sachs）命令FINRA支付65万美元的罚款，因为不透露负责CDO Abacus 2007-ACI的经纪人是SEC调查的目标，股票经纪人欺诈，2010年11月12日

继续阅读 >

针对高盛首席执行官和其他金融公司高管的股东诉讼被驳回

发表于：August 18, 2012 | 经过Shepherd Smith Edwards＆Kantas，LLP

在纽约南部地区的美国地方法院，股东对许多高盛集团（GS）高管的投诉，包括首席执行官劳埃德·布兰克金（Lloyd Blankfein），首席运营官加里·科恩（Coo Coo Gary Cohn），CFO David Viniar和前任导演Rajat Gupta被解雇。首席原告衍生工具诉讼are the pension fund Retirement Relief System of the City of Birmingham, Alabama and Goldman shareholder Michael Brautigam. They believe that the investment bank sponsored $162 billion of住宅抵押支持证券bob200体育同时知道支持他们的贷款遇到了麻烦。他们说，高盛随后向弗雷迪·麦克（Freddie Mac）和房利尼·梅（Fannie May）出售了11亿美元的证券。bob200体育他们的证券投bob200体育诉还指控被告尽早摆脱陷入困境的资产救济计划，以便他们获得更多报酬。

According to Judge William Pauley, the plaintiffs did not demonstrate that “red flags” had existed for bank directors to have been able to detect that there were problems with the “controls” of mortgage servicing business or that problematic loans were being packaged with RMBS. He also said that the shareholders did not prove that firm directors conducted themselves in bad faith when they allowed Goldman to pay back the $10 billion it had received from TARP early in 2009, which then got rid of the limits that had been placed on executive compensation.

即使对高盛的股东投诉也被抛弃了，投资银行仍在处理其他股东诉讼。例如，他们可以提起证券诉讼，声称他们在高盛隐藏了几项Cbob200体育DO交易的方式存在利益冲突之后，他们遭受了经济损失。

继续阅读 >

股东证券诉讼针对中国东北bob200体育石油控股有限公司，被地方法院驳回

发表于：2011年10月30日 | 经过Shepherd Smith Edwards＆Kantas，LLP

在中国东北石油公司中有限公司。诉讼。，，，，ashareholder complaint针对中国东北石油公司（NEP）（NEP）的反对中国东北石油公司（NEP），已被纽约南部地区的美国地方法院驳回。法院裁定，由于该公司所做的虚假陈述，原告没有造成经济损失。法官米里亚姆·戈德曼·塞达鲍姆（Miriam Goldman Cedarbaum）说，这足以解雇。

这是针对美国上市的中国反向合并公司驳回的第一项股东诉讼。中国北部的律师说，案件结果是重申的，尽管“影射”，但其中许多公司都是合法的，并且有权成为美国市场的一部分。

同时，首席原告ACTICON AG的律师不同意法院的裁决，即该决定取决于与被告的欺诈性不当行为无关的问题，但原告是否遭受了损害。他认为，法院滥用了硬脑膜药物，认为班上股份后的股价短期恢复可以否定原告遭受经济损失的说法。

Acticon filed its putative class action against China North last year contending that the company had overstated oil reserves and reported earnings (by over $36 million) and failed to account for significant losses. It was just in February 2010 that the company announced that people should not rely on its financial statements for the year ending Dec. 31, 2008 and the first three quarters 2009. Following that announcement, there were numerous director and executive resignations and replacements made.

Per the shareholder lawsuit, Acticon bought about $60,000 China North shares during the class period of 5/15/08-5/26/10 in a number of installments. The court said that Acticon kept the shares for months even though it could have sold them and even after there had been a final allegedly corrective disclosure that was put out in September of last year. It also said that a plaintiff that decides to not take the opportunity to sell at a profit after a corrective disclosure cannot later say that the disclosure caused the later loss of devaluation. For example, Acticon didn’t sell after a 12-day period when China North’s shares closed higher than the average price that it had paid for the shares.

最近，对中国人民共和国大量业务的公司提起了联邦证券诉讼，可以在美国交流中找到。bob200体育美国证券bob200体育交易委员会还确定了这些公司之间的重大会计违规行为，这些公司应用了反向合并策略加入美国市场。

在中国公司的欺诈诉讼中获胜，中国每日，2011年10月27日

更多博客文章：
前勒曼兄弟控股公司首席执行官辩护要求保险基金支付法律账单，，，，Stockbroker Fraud Blog, October 19, 2011

Securities Lawsuits Expected to Reach Record High in ’11, Says Advisen Ltd. Report，机构投资者证券博客，2011年4月23日bob200体育

继续阅读 >