Elon Musk and the Tesla board are facing a lawsuit from an investor who alleged some of Musk’s comments on Twitter violated a settlement with the Securities and Exchange Commission meant to temper his communications. Musk’s tweets have cost the electric-vehicle company “billions of dollars in market capitalization” and breached an agreement with the SEC,… Continue reading Tesla Investor Sues Elon Musk, Board Over His ‘Erratic Tweets’
Tag: SEC violation
Securities Class Action Lawsuit Filed Against Markel Corporation
Federman & Sherwood announces that on January 11, 2019, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Markel Corporation. The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations… Continue reading Securities Class Action Lawsuit Filed Against Markel Corporation
JPMorgan Chase Settles SEC Charges for $135 Million
The U.S. Securities and Exchange Commission announced Wednesday that JPMorgan Chase Bank will pay more than $135 million to settle charges of improper handling of pre-released American Depositary Receipts. The receipts, also known as ADRs, are U.S. securities that represent shares of a foreign company that require a corresponding number of foreign shares to be… Continue reading JPMorgan Chase Settles SEC Charges for $135 Million