Category: Class Action vs Arbitration

Securities arbitration may recover more than class action.

LORDSTOWN MOTORS CORP CLASS ACTION ALERT: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Truck Manufacturer

LORDSTOWN MOTORS CORP CLASS ACTION ALERT: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Truck Manufacturer

Boca Raton, Florida — March 22, 2021 — The Securities Law Firm of KlaymanToskes (“KT”) provides a Lordstown Motors Corp. (NASDAQ:RIDE) Alert to shareholders concerning the Class Action Lawsuit (Case 21-CV-00616) filed March 18, 2021 in the United States District Court of the Northern District of Ohio, Youngstown Division, for the class period from August 3, 2020 and March 17, 2021.   Lordstown Motors Corp. is a nascent company with a limited history of operating as manufacturer of Electric Vehicle (EV) trucks.  According to the class action lawsuit, “Throughout the Class Period, Defendants made materially false and misleading statements regarding the…

NOTICE TO WORKHORSE GROUP SHAREHOLDERS: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Company

NOTICE TO WORKHORSE GROUP SHAREHOLDERS: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Company

Boca Raton, Florida — March 16, 2021 — The Securities Law Firm of KlaymanToskes (“KT”) provides notice to all Workhorse Group, Inc. (NYSE:WKHS) shareholders concerning the Class Action Lawsuit (Case 2:21-cv-02072) filed March 8, 2021 in the United States District Court of the Central District of California, for the class period from July 7, 2020 and February 23, 2021.   Workhorse Group is an Electric Vehicle (EV) stock which represents a highly speculative investment.  According to the class action lawsuit, “Defendants made materially false and/or misleading statements, and failed to disclose that: (1) the Company was merely hoping that USPS…

Stanford Law School Cornerstone Research Report Released with New Developments for IPOs and SPACs

Stanford Law School Cornerstone Research Report Released with New Developments for IPOs and SPACs

In February 2021, the Stanford Law School in collaboration with Cornerstone Research published the Class Action Filings, 2020 Year in Review, Report which detailed a wide range of statistics related to class action filings and upcoming trends.  In particular, the increase in Initial Public Offerings (IPOs) for Operating Companies and Special Purpose Acquisition Companies (SPACs) has grown substantially during 2020 when compared to recent periods which portends an increase in class action lawsuits related to IPOs. During 2020, Operating Company IPOs increased from 112 in the previous year to 165 for a 47% increase in class action filings compared to…

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Continues to Investigate and Pursue Millions of Dollars in FINRA Arbitration Claims for Investors

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Continues to Investigate and Pursue Millions of Dollars in FINRA Arbitration Claims for Investors

National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes.  Brokerage firms were required to perform due diligence prior to recommending GPB to their customers and the failure to do so may result in liability.  More than 60 broker-dealers sold GPB funds, including Ascendant Alternative Strategies, LLC, Royal Alliance Associates Inc., Sagepoint Financial Inc., FSC Securities Corp., and Woodbury Financial Services Inc. Investors who have lost more than $100,000…

NOTICE TO TD AMERITRADE CUSTOMERS WITH ADVISORDIRECT ACCOUNTS MANAGED BY SHEAFF BROCK INVESTMENT ADVISORS - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Commences Investigation into Trading Losses in Put Option Strategy

The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, announces that it has commenced an investigation into the Put Option strategy implemented by Sheaff Brock Investment Advisors, LLC (“Sheaff Brock”) in TD Ameritrade customer accounts.  The investigation comes on the heels of a Federal Class Action Claim (1:18-cv-419) filed in the United States District Court for the Northern District of Illinois on January 19, 2018. The Federal Class Action Claim Against TD Ameritrade and Sheaff Brock The federal claim alleges that Sheaff Brock implemented the put option strategy in an aggressive, high-risk manner, after assuring its clients that…

Recent IBM Class Action Lawsuit Provides Investors Loss Recovery Options

Recently, an IBM Class Action Lawsuit (Case No. 15-CV-01513) was filed in the United States District Court for the Southern District of New York for the class period from April 17, 2014 to October 17, 2014. These developments requires investors who acquired IBM stock (NYSE:IBM) through employment, inheritance or as a personal investment to consider their legal options. If investors maintained concentrated positions in IBM stock with full-service brokerage firms they should to consider what legal options are available to recover their investment losses. Investors may recover investment losses through a Financial Industry Regulatory Authority (FINRA) securities arbitration claim for…

UBS-Lehman Class Action Opt-Out

Deadline To Opt-Out of the UBS-Lehman Notes Class Action is November 19, 2013 UBS Financial Services customers who are class members in the securities class action lawsuit filed against UBS, Case No. 09-md-02017, which involves losses sustained in certain Lehman Principal Protection Notes, Auto-Callable Notes, and Return Optimization Notes (collectively referred to as “Lehman Notes”), should be aware that that the U.S. District Court recently approved an Order Concerning Proposed Settlement with UBS. The Order provides that a request for exclusion from the settlement class must be postmarked no later than November 19, 2013, which is 21 calendar days prior…

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