Articles Posted in investment fraud

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A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc. No class has been certified and investors may still apply to be the lead plaintiff.If you were a Conagra or Pinnacle shareholder and want to learn more about your legal rights contact the Silver Law Group.A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc.

Conagra, a massive packaged foods company and component of the S&P 500, told investors that acquiring Pinnacle was a “no brainer” and would help the company expand its frozen food and snack offerings. Then, after the merger closed in late 2018, they revealed serious financial problems with Pinnacle, according to the lawsuit. Conagra’s stock price fell significantly as a result. Continue reading

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After investigations by the SEC, FBI, and FINRA, GPB Capital may now be the subject of an investigation into one of their New York trash removal companies.After multiple investigations by the SEC, FBI, FINRA, and the State of Massachusetts, GPB Capital may now be the subject of an investigation into one of their private New York commercial trash removal companies, according to an article from Pro Publica.

Five Star Carting falls under the administration of New York City’s Business Integrity Commission (BIC), and they recently paid the company a visit. Pro Publica calls it a “raid,” but the reason for the visit was not disclosed. Continue reading

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