What a week for securities class actions!
Top Class Actions
Too much of a positive outlook? Seems this telecom company had to take off the rose-colored glasses. Comtech got hit with a class action lawsuit this week, alleging that certain of the company’s officers and directors violated federal securities laws by producing overly positive statements regarding the company’s revenue, and future earnings prospects. Apparently the mobile communications business could be doing better. The class period for the suit is between September 17, 2008 and March 9, 2009, inclusive, and anyone who purchased common stock in the company during that time could be eligible.
Top Settlements
Wal-born is Wal-dead? If Wal-born isn’t protecting you from the cold or flu, then perhaps a free flu shot will. Walgreens has agreed to reimburse consumers who purchased Continue reading “Week Adjourned: 8.7.09”