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Category: Blog

Hallmark Financial Services Inc. (HALL) being investigated for potential wrongdoings, those with information or shareholders please step forth

class action

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Hallmark Financial Services Inc., (“Hallmark Financial Services” or the “Company”) (NASDAQ: HALL) investors concerning the Company and its officers’ possible violations of the federal securities laws. If you suffered a loss on your Hallmark Financial Services investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-801-2829, via email or visit our website at to […]

BBBY CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Bed Bath & Beyond Inc.

class action

From Businesswire 4/14/2020: LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the District of New Jersey captioned Vitiello v. Bed Bath & Beyond, Inc., et al., (Case No. 2:20-cv-04240), on behalf of persons and entities that purchased or otherwise acquired Bed Bath & Beyond Inc. (“Bed Bath & Beyond” or the “Company”) (NASDAQ: BBBY) securities between October 2, 2019 and February 11, 2020, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). Investors are hereby […]

HAFC Hanmi Financial Corporation investors can recover losses but you must file now to join the class action case

class action

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 26, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of Hanmi Financial Corporation (“Hanmi” or the “Company”) (NASDAQ: HAFC) investors who purchased securities between August 12, 2019 and January 28, 2020, inclusive (the “Class Period”). If you suffered a loss on your Hanmi investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-801-2829, via email or visit our […]

Glancy Prongay & Murray Sponsors the Democratic Attorneys General Association’s Women’s Initiative

Glancy Prongay & Murray is proud to sponsor the Democratic Attorneys General Association’s Women’s Initiative. The 1881 Initiative supports female AG candidates and seeks to make half of democratic AGs female by 2022. The first two female AG candidates ran for office—and lost—in 1881. A female would not be elected for 100 more years. Three of only SIX female democratic AGs in office today attended and inspired tonight. Thank you AG Dana Nessel of Michigan, AG Ellen Rosenblum of Oregon, and AG Kathy Jennings of Delaware.

Forget Unsolicited Calls, Here Come the Robotexts

Just as the Federal Trade Commission and phone carriers are having some success in the war on robocalls, spammers are finding a different way to annoy people through their cell phones. The FTC received more than 93,000 consumer complaints about unsolicited text messages last year, according to the Wall Street Journal. That is nearly a 30 percent jump from the previous year, a sign that spam artists are shifting their attention to the text game. These messages are not just annoying for those of use on the receiving end, they can also pose a number of risks. Robotexts often offer […] Gets Hit With Securities Fraud Complaint

An shareholder is accusing the online retail company of a “pump and dump” scheme related to the bizarre departure of former chief executive officer Patrick Byrne. Shareholder Benjamin Ha says Overstock inflated its stock price to punish short sellers by announcing a dividend, the Washington Post reports. Byrne in September sold 4.7 million shares in the company hours before Overstock announced that it was delaying the dividend and less than a week before Overstock lowered its earnings forecast for the year. The moves sent the company’s stock price tumbling. Byrne resigned from his position in August, a few weeks […]

Movie Producer Admits to Investment Fraud Scam

A supposed South Florida movie producer is in hot water after admitting that he misused some $60 million of investors’ cash. Benjamin McConely recently pleaded guilty to one count of federal wire fraud, stemming from a scheme in which he and two others bilked tens of millions of dollars out of investors who thought they were helping McConely make an indie film. Instead, McConely and the others put the money in their own bank accounts and used it for luxury cars, travel, hotels, real estate and jewelry. The 37 year old pointed to some serious film credits to get investors […]

The Antitrust Probe Into Facebook Heats Up

Social media giant Facebook’s rough patch with regulators is not showing any signs of improvement for Mark Zuckerberg and company. A total of 47 state attorneys general have joined an investigation into whether Facebook violated antitrust law by putting user information at risk and artificially inflating advertising prices, according to Reuters. The top public lawyers in those states are being led in the probe by New York Attorney General Letitia James. “Facebook has played a major role in shaping our global online economy as one of the largest social media platforms in the world. It is illegal for a business […]

NY Consumer Protection Agency Warns of Public WiFi, USB Dangers

The New York Division of Consumer Protection is warning people about the hacking risks of using public WiFi and USB ports. “Millions of people every day step out into the world, and all its surrounding technology,” New York Secretary of State Rossana Rosado said in a recent public notice.  “As technology grows and continues to make our lives easier, it is also making it easier for hackers to get access to our information. It is important for consumers to know what they can do to protect themselves.” The notice is meant to alert people about the dangers of using public […]

SEC Hits New York Ticket Reseller with Fraud Charges

The leaders of a New York ticket resale company charged with bilking investors out of millions of dollars in cash took “keep it in the family” to a whole new level, according to federal investigators. The Securities and Exchange Commission in April charged James Siniscalchi with stealing money from investors that was supposed to be used to gobble up high-demand tickets for theatre, sporting and other events and then resell them for a profit. Siniscalchi took control of the operation after his cousin, Joseph Meli, plead guilty to criminal charges of defrauding 130 investors out of $95 million without ever […]