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Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Alibaba Group Holding Limited
January 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 7, 2021
Robbins Geller Rudman & Dowd LLP ( https://www.rgrdlaw.com/cases-alibaba-group-holdings-limited-class-action-lawsuit.html ) today announced that it filed a class action seeking to represent purchasers of Alibaba Group Holding Limited (NYSE:BABA) American Depositary Shares (“ADSs”) between July 9, 2020 and December 23, 2020 (the “Class Period”). This action was filed in the Southern District of New York and is captioned
Elissa Hess, as Trustee for The EH Living Trust v. Alibaba Group Holding Limited, No. 21-cv-00136.
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January 5, 2021
On Monday, Judge Jesse M. Furman of the Southern District of New York issued an opinion and order in the Nielsen Holdings securities litigation granting in part and denying in part Nielsen’s motion to dismiss the plaintiffs’ claims.
According to the filing, the plaintiffs and putative class are investors in Nielsen Holdings plc., a “publicly traded data analytics company most famous for its television ratings service.” The securities fraud lawsuit against Nielsen and several of its officers was filed pursuant to Section 10(b) and 20(a) of the Securities Exchange Act (the Exchange Act). The plaintiffs claimed that the defendants made false and misleading statements, such as “overstating the strength of Nielsen’s business segments.”
CLEVELAND (AP) Ohio’s largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareho
December 30, 2020
CLEVELAND (AP) Ohio’s largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareholders who include some of the country’s biggest institutional investors.
And, if history is a guide, FirstEnergy Corp. and its insurers could find themselves paying millions to settle those complaints, as the company did more than 15 years ago when confronted by lawsuits for lying about a dangerous hole in a reactor head at a nuclear power plant and for contributing to the largest blackout in U.S. history.
FirstEnergy and insurers for its corporate officers and board of directors paid out more than $100 million to settle lawsuits in 2004. It is far too early to estimate what settlements of the new lawsuits might total, but the potential payouts could far exceed those from 2004, given the losses shareholders claim to have suffered