A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great Recession, according to a report in Reuters. In a 2-1 decision on Tuesday (April 7),...
Two U.S. law firms have launched investigations into the U.K.’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in The Guardian on Thursday (May 30) said Pomerantz and Levi & Korsinsky, both based in New York, have opened these...
Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report from Bloomberg. The results are the company’s first after going public, and come after Citron...
Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher...
July 25, 2022
Titanium Blockchain Infrastructure’s (TBIS) CEO, Michael Alan Stollery, pleaded guilty Friday (July 22) for his role in a crypto fraud scheme in which he used investor funds for his own purposes, a press release from the Department of Justice (DOJ) said Monday. The scheme had to do with TBIS’s initial coin offering (ICO), called BARs, […]
April 07, 2020
A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great...
May 13, 2019
Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report...
May 10, 2019
Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded...
