Corporate crime

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of RenovaCare, Inc. (RCAR) Investors

Retrieved on: 
Saturday, July 17, 2021
Legal, Professional services, Corporate crime, Crime, Fraud, Corruption, Securities fraud, Finance, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, Securities Class Action

RenovaCare investors have until September 14, 2021 to file a lead plaintiff motion.

Key Points: 
  • RenovaCare investors have until September 14, 2021 to file a lead plaintiff motion.
  • If you are a shareholder who suffered a loss, click here to participate.
  • On May 28, 2021, the United States Securities and Exchange Commission (SEC) issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of RenovaCare, Inc. (RCAR) Investors

Retrieved on: 
Saturday, July 17, 2021
Legal, Professional services, Corporate crime, Stock market, Financial markets, U.S. Securities and Exchange Commission, Securities fraud, Security, Finance, Crime

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased RenovaCare, Inc. (RenovaCare or the Company) (OTC: RCAR ) securities between August 14, 2017 and May 28, 2021, inclusive (the Class Period).

Key Points: 
  • Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased RenovaCare, Inc. (RenovaCare or the Company) (OTC: RCAR ) securities between August 14, 2017 and May 28, 2021, inclusive (the Class Period).
  • RenovaCare investors have until September 14, 2021 to file a lead plaintiff motion.
  • Investors suffering losses on their RenovaCare investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On May 28, 2021, the United States Securities and Exchange Commission (SEC) issued a litigation release stating that RenovaCare was being charged with alleged securities fraud.

Stable Road Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Stable Road Acquisition Corp.

Retrieved on: 
Friday, July 16, 2021
Finance, Corporate crime, Corporate finance, Private equity, Special-purpose acquisition company, Money, U.S. Securities and Exchange Commission, Security, Financial economics

NEW YORK, July 16, 2021 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC).

Key Points: 
  • NEW YORK, July 16, 2021 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC).
  • A class action securities lawsuit has been filed on behalf of investors who purchased Stable Road securities between October 7, 2020 and July 13, 2021, inclusive (the Class Period).
  • On July 13, 2021, the U.S. Securities and Exchange Commission ("SEC") announced that it had brought charges against Stable Road, a special-purpose acquisition corporation ("SPAC"), Momentus Inc. (Momentus) and others in connection with Stable Roads acquisition of Momentus.
  • Among other things, the SEC has alleged that Stable Road, and its merger target, Momentus, both misled the investing public.

Chair Gensler Announces Composition of Policy Team

Retrieved on: 
Friday, July 16, 2021
Law, Corporate crime, U.S. Securities and Exchange Commission, Gensler, Rulemaking, Articles, Justice

"I am pleased that Corey, Adam, Mika, Sirimal, and Sai are joining our dedicated staff of public servants to work on behalf of American investors,"said SEC Chair Gensler.

Key Points: 
  • "I am pleased that Corey, Adam, Mika, Sirimal, and Sai are joining our dedicated staff of public servants to work on behalf of American investors,"said SEC Chair Gensler.
  • "Corey, Adam, Mika, Sirimal, and Sai add extensive expertise and experience to Chair Gensler's policy team,"said Ms. Slavkin Corzo.
  • "Im excited to work with this team to advance the SEC's ambitious rulemaking agenda on behalf of the American public."
  • Sirimal R. Mukerjee counsels Chair Gensler on matters related to investment companies and investment advisers.

FirstEnergy to Webcast Second Quarter Earnings Teleconference

Retrieved on: 
Friday, July 16, 2021
Corporate crime, FirstEnergy, New York Stock Exchange, Akron, Ohio, Companies, Economy of the United States, Ohio

AKRON, Ohio, July 16, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) will release financial results for the second quarter and first half of 2021 after markets close on Thursday, July 22.

Key Points: 
  • AKRON, Ohio, July 16, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) will release financial results for the second quarter and first half of 2021 after markets close on Thursday, July 22.
  • These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m. EDT on Friday, July 23.
  • The webcast and presentation will be available for replay on the site for up to one year.
  • The company plans to post its second quarter presentation and supporting materials to the investor section of the website after markets close on July 22.

SEC Charges Executives of Network Infrastructure Company With Accounting Fraud

Retrieved on: 
Thursday, July 15, 2021
Corporate crime, Lethem, U.S. Securities and Exchange Commission, Palleschi

Washington, D.C.--(Newsfile Corp. - July 15, 2021) - The Securities and Exchange Commission today charged the former CEO and CFO of FTE Networks Inc., a network infrastructure company formerly based in Naples, Florida, with conducting a multi-year accounting fraud.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - July 15, 2021) - The Securities and Exchange Commission today charged the former CEO and CFO of FTE Networks Inc., a network infrastructure company formerly based in Naples, Florida, with conducting a multi-year accounting fraud.
  • As alleged, Palleschi and Lethem misled in-house accounting personnel and FTEs outside auditor about certain material terms of the notes, which were not properly accounted for or disclosed in FTEs financial statements.
  • The SECs complaint charges Palleschi and Lethem with directly violating or aiding and abetting violations of antifraud, reporting, and proxy solicitation provisions of the securities laws.
  • Attorneys Office for the Southern District of New York announced criminal charges against Palleschi and Lethem for related misconduct.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Stable Road Acquisition Corp. – SRAC

Retrieved on: 
Friday, July 16, 2021
Corporate crime, Corporate finance, Private equity, Special-purpose acquisition company, Abraham Pomerantz, U.S. Securities and Exchange Commission, Pomerantz, Economy, Corporations

NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC).

Key Points: 
  • NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC).
  • The investigation concerns whether Stable Road and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On July 13, 2021, the U.S. Securities and Exchange Commission (SEC) announced that it had brought charges against the special-purpose acquisition company (SPAC) Stable Road in connection with its acquisition of Momentus Inc. (Momentus).
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

Stable Road Acquisition Corp. Investors: Company Investigated by the Portnoy Law Firm

Retrieved on: 
Wednesday, July 14, 2021
Corporate crime, U.S. Securities and Exchange Commission, Finance, Special-purpose acquisition company, Securities fraud, Money, Economy

LOS ANGELES, July 14, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Stable Road Acquisition Corp. ("Stable Road" or the "Company") (NASDAQ: SRAC) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Key Points: 
  • LOS ANGELES, July 14, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Stable Road Acquisition Corp. ("Stable Road" or the "Company") (NASDAQ: SRAC) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors options for pursuing claims to recover their losses.
  • The U.S. Securities and Exchange Commission (SEC) made known on July 13, 2021 that it has sued Stable Road, a special-purpose acquisition company.
  • Momentus' misleading statements were repeated by Stable Road in public filings, while according to the SEC, failed to conduct adequate due diligence of Momentus.

The Law Offices of Frank R. Cruz Announces Investigation of Stable Road Acquisition Corp. (SRAC) on Behalf of Investors

Retrieved on: 
Thursday, July 15, 2021
Legal, Professional services, Finance, Financial markets, Money, Corporate finance, Stock market, Corporate crime, U.S. Securities and Exchange Commission, Special-purpose acquisition company, Security, NASDAQ, United States corporate law, Lluís Companys

The Law Offices of Frank R. Cruz announces an investigation of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC ) on behalf of investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC ) on behalf of investors concerning the Companys possible violations of federal securities laws.
  • On July 13, 2021, after market hours, the U.S. Securities and Exchange Commission (SEC) announced a settlement with Stable Road, a special purpose acquisition company, its sponsor and CEO, and its merger target Momentus Inc.
  • On this news, the Companys stock price fell $1.20, or over 10%, to close at $10.68 per share on July 14, 2021, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Stable Road Acquisition Corp. (SRAC) on Behalf of Investors

Retrieved on: 
Thursday, July 15, 2021
Legal, Professional services, Corporate crime, U.S. Securities and Exchange Commission, United States corporate law, Special-purpose acquisition company, Finance, Economy, Corporations

Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC ) investors concerning the Companys possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Stable Road Acquisition Corp. (Stable Road or the Company) (NASDAQ: SRAC ) investors concerning the Companys possible violations of the federal securities laws.
  • On July 13, 2021, after market hours, the U.S. Securities and Exchange Commission (SEC) announced a settlement with Stable Road, a special purpose acquisition company, its sponsor and CEO, and its merger target Momentus Inc.
  • Whistleblower Notice: Persons with non-public information regarding Stable Road should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.
  • Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation.