Hewlett-Packard Co. and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week. Shareholder Richard …
A federal judge in California has pared back a lawsuit accusing Toyota Motor Corp. of inflating its stock price by concealing problems with unintended acceleration in its vehicles. U.S. District Judge Dale Fischer in Los Angeles partly granted Toyota’s motion …
Bank of America Corp. is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said Tuesday. The deal could embolden …
Allstate Corp. sued JPMorgan Chase & Co. on Wednesday to recover losses after the bank allegedly misrepresented the risks on more than $757 million of mortgage securities the insurer bought. The lawsuit against the second-largest U.S. bank was filed just …
Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick. All of the “Big Four” auditors have been sued by investors who collectively …
