Pins matching tag:"Securities Fraud"

After 56 days of trial and six days of deliberation, a federal jury in Houston convicted Enron's two former chief executives. Kenneth Lay was found guilty on all six counts he faced; Jeffrey Skilling was convicted on conspiracy, securities fraud, false statements and insider trading counts, closing the criminal case over the largest US corporate collapse of its time.

Barrows v. Oracle says Oracle misled investors that its AI data-center spending for OpenAI would quickly turn into revenue, covering stock bought June-December 2025.

A shareholder class action filed in federal court in Ohio accuses Babcock & Wilcox and two senior executives of misleading investors about the $2.4 billion Base Electron power contract, alleging it hid that its largest shareholder had close ties to the counterparty. The allegations are unproven.

A plumbers' pension fund filed a securities class action in Pittsburgh federal court accusing Dick's Sporting Goods and its leaders of hiding that Foot Locker was still saddled with stagnant legacy sneakers, before a 30.7% one-day share drop.

Investors who bought Dick's Sporting Goods stock between 8 September 2025 and 24 August 2026 have until 3 November 2026 to ask the Pittsburgh federal court to appoint them lead plaintiff in the Foot Locker securities class action.