A Groupon Inc. shareholder sued the deal-of-the-day coupon company, claiming that its officers, directors and underwriters misled investors about its business performance prior to its initial public offering.
Barclays Plc got two transfers totaling about $1.3 billion from Lehman Brothers Holdings Inc. in September 2008 that may have violated securities laws, the U.S. Securities and Exchange Commission said.
Ecuadorean President Rafael Correa ’s proposed changes to domestic securities rules would cut debt sales by about 20 percent and reduce foreign investment, the executive president of the Quito exchange said.
Kenneth Lewis, the former Bank of America Corp. chief executive officer accused of recklessness involving losses at Merrill Lynch, lost his bid to have a securities claim dismissed from a shareholder lawsuit.
Part of a Lions Gate Entertainment Corp. lawsuit in which the movie studio accuses Carl Icahn of trying to interfere with its plan to merge with Metro-Goldwyn- Mayer Inc. was thrown out by a federal judge. One claim remains.
Viterra Inc.’s chief executive officer said securities laws compelled him to tell a Canadian television network in March that the company hadn’t been approached about a possible takeover even though he had already met with the CEOs of two potential acquirers.