Recent Posts
FCC Slaps Cable Companies with Fines for Knocking CableCARD Customers Offline
According to DSLreports.com, SDV (Switched Digital Video) technology has been crippling one way CableCARDs (like TiVo) for many customers, resulting in FCC fines (see FCC fine 1, 2, and 3) to the companies deploying this technology.
Shareholder Alleges Toll Brothers Execs Traded on Inside Info
According to Courthouse News Service, a shareholder derivative action has been filed in the Court of Chancery of the State of Delaware and alleges the directors of Toll Brothers, Inc. traded shares based on inside information and inflated stock prices through false and misleading statements.
General Growth Properties, Inc. (”GGP”) Investigation
Finkelstein Thompson LLP is currently investigating General Growth Properties, Inc. (“GGP”)(NYSE: GGP) after the Company revealed that it would be unable to refinance billions of dollars of debt coming due in 2008 and 2009. Beginning in April 2008, GGP publicly represented that the Company had the ability to refinance this debt. ...
DOJ Closes Delta/NW Merger Investigation
According to the Chicago Tribune, on October 29, 2008, the Department of Justice's ("DOJ") Antitrust Division issued a press release announcing the closing of the DOJ's investigation of the Delta Air Lines Inc. and Northwest Airlines Corporation proposed merger.
New York AG Investigates Arbitron Insider Trading
According to the Wall Street Journal Law Blog, New York Attorney General Andrew Cuomo is investigating whether Arbitron executives improperly sold stock before announcing news which hurt the company's stock price. Arbitron is a radio ratings firm which provides ratings similar to Nielsen television ratings. Attorney General Cuomo is investigating ...
AutoLight Overcharge Investigation
Finkelstein Thompson LLP is investigating allegations that manufacturers and distributors of aftermarket automobile lighting products (“AutoLights”) may have been wrongfully overcharging their customers. If you purchased headlamps, bulbs, parking, tail and interior lights, spot lights, fog lights, auxiliary lights or other automobile lighting products, you may have been a victim ...
Class Action Against CompuCredit Corp.
Courthouse news reports that a class action has been brought against CompuCredit Corp. and Columbus Bank and Trust for pushing high-fee Aspire Visa credit cards
Cadence Design Systems Investigation
Finkelstein Thompson LLP is currently investigating Cadence Design Systems (NasdaqGS: CDNS) following the announcement that Cadence was indefinitely delaying its third-quarter earnings report and expected to restate its financial reports for the first half of 2008. In reaction to this news, Cadence’s share price plummeted almost 25% on October 23, ...
$30 Million Settlement Proposed in Bridgestone Case
According to PR Newswire, a settlement of $30 million has been proposed in a securities class action brought on behalf of investors against Bridgestone Corporation ("Bridgestone") and Bridgestone's U.S. subsidiary, Bridgestone Firestone North American Tire LLC ("Firestone"), where the plaintiffs allege an artificial price inflation of Bridgestone's publicly traded common stock and ...
Pfizer Agrees to $894 Million Celebrex and Bextra Settlement
Pfizer announced on Friday, October 17, 2008, that it had agreed in principal to pay $894 million to settle approximately 90% of the litigation involving its drugs Celebrex and Bextra.