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SAN DIEGO (Legal Newsline) – A shareholder in a San Diego-based biopharmaceutical company alleges he purchased stock at artificially inflated prices.
SAN FRANCISCO (Legal Newsline) – Three individuals have filed a suit against Walmart and several others over allegations they participate in a "long-running, highly profitable extortion scheme."
HOUSTON (Legal Newsline) – Investors are suing Flotek Industries and several of its executives after allegedly misrepresenting data and product effectiveness to investors.
A major fitness company is being sued over allegations its CEO has a conflict of interest by working with the consortium looking to buy the business. Matthew Lusk filed the lawsuit on April 10 against Life Time Fitness, alleging the business agreed to be sold to a consortium of investors for about $72.10 per share. The consortium is led by Leonard Green & Partners, LP.