Category Archives: Investigations

Gilman and Pastor, LLP Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against WebMD Health Corp. on Behalf of Stock Owners/Investors and Urges Investors to Inquire as to the Class Action Lawsuit Prior to the October 3, 2011 Lead Plaintiff Deadline

Press Release

August 25, 2011

BOSTON, MA – Gilman and Pastor, LLP announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of the purchasers of WebMD Health Corp. (“WebMD” or the “Company”) (NASDAQ: WBMD) who purchased shares between February 23, 2011 and July 15, 2011, inclusive (the “Class Period”).

The Complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) that WebMD was experiencing sponsorship cancellations due to extended legal and regulatory reviews; (ii) that WebMD’s customers, including several consumer product companies, were delaying advertising on the Company’s website as a result of smaller advertising budgets; and (iii) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

As a result of Defendants’ misleading statements, shares of WBMD traded at artificially high price levels.  On July 18, 2011, WebMD announced its preliminary second quarter financial results and lowered its financial guidance for 2011. Consequently, the price of WebMD stock fell $14.01 per share, or 30%, to close at $32.48 per share, on extremely heavy trading volume.

If you purchased or otherwise acquired WBMD shares during the Class Period, between February 23, 2011 and July 15, 2011, and either lost money on the transaction or still hold the shares, you may contact Gilman and Pastor by no later than October 3, 2011 to discuss your rights, including as to the recovery of your losses, or to obtain additional information, at www.investment-losses.com, by email at kgilman@gilmanpastor.com or by calling toll-free (888)252-0048.

 

 

Gilman and Pastor, LLP Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Juniper Networks, Inc. on Behalf of Stock Owners/Investors and Urges Investors to Inquire as to the Class Action Lawsuit Prior to the October 15, 2011 Lead Plaintiff Deadline

Press Release

Source:  Gilman and Pastor, LLP

August 25, 2011

BOSTON, MA – Gilman and Pastor, LLP announces that a lawsuit seeking class action status has been filed in the United States District Court for the Northern District of California on behalf of the purchasers of Juniper Networks, Inc. (“Juniper” or the “Company”) (NYSE: JNPR) who purchased shares between July 20, 2010 and July 26, 2011, inclusive (the “Class Period”).

If you purchased or otherwise acquired JNPR shares during the Class Period and either lost money on the transaction or still hold the shares, you may contact Gilman and Pastor by no later than October 15, 2011 to discuss your rights, including as to the recovery of your losses, or to obtain additional information, at www.investment-losses.com, by email at kgilman@gilmanpastor.com or by calling toll-free (888)252-0048.

The Complaint alleges that during the Class Period, Juniper issued materially false and misleading information concerning the Company’s business practices and financial results.  Juniper repeatedly assured investors that Juniper was well positioned to deliver against its long-term model of 20% or higher revenue growth and 25% or higher operating margin. Nonetheless, Juniper failed to disclose negative trends in Juniper’s business.  As a result of the Company’s misleading statements, Juniper’s stocks traded at artificially high prices during the Class Period.

Then on July 26, 2011, Juniper issued a press release reporting disappointing financial results which were far below previous guidance, the JNPR stock dropped drastically by 21% to close at $24.66 per share.

 

Gilman and Pastor, LLP Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Dendreon Corporation on Behalf of Stock Owners/Investors and Urges Investors to Inquire as to the Class Action Lawsuit Prior to the October 3, 2011 Lead Plaintiff Deadline

Gilman and Pastor, LLP Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Dendreon Corporation on Behalf of Stock Owners/Investors and Urges Investors to Inquire as to the Class Action Lawsuit Prior to the October 3, 2011 Lead Plaintiff Deadline

Press Release

August 25, 2011

BOSTON, MA – Gilman and Pastor, LLP announces that a lawsuit seeking class action status has been filed in the United States District Court for the Western District of Washington at Seattle on behalf of the purchasers of Dendreon Corporation (“Dendreon” or the “Company”) (NASDAQ: DNDN) who purchased shares between January 7, 2011 and August 3, 2011, inclusive (the “Class Period”).

The Complaint alleges that Dendreon violated federal securities laws by failing to disclose the following facts: (i) Dendreon knew or deliberately disregarded the fact that financial forecasts regarding the immediate adoption of the Company’s cancer drug Provenge were dramatically inflated, particularly in light of the fact that the Company had not provided physicians with financing options; (ii) Dendreon lacked adequate systems of internal operational or financial controls; and (iii) Dendreon executives repeatedly issued false and misleading statements to the investment community regarding Provenge, leading investors to believe that the medical community would quickly adopt the drug to treat prostate cancer.

As a result of Defendants’ misleading statements, shares of DNDN traded at artificially high price levels.  On August 3, 2011, Dendreon issued a press release announcing financial and operational results well below analyst expectations, and significantly lowered guidance for 2011. Consequently, shares of DNDN dropped more than 60%.

If you purchased or otherwise acquired DNDN shares during the Class Period, between January 7, 2011 and August 3, 2011, and either lost money on the transaction or still hold the shares, you may contact Gilman and Pastor by no later than October 3, 2011 to discuss your rights, including as to the recovery of your losses, or to obtain additional information, at www.investment-losses.com, by email at kgilman@gilmanpastor.com or by calling toll-free (888)252-0048.

 

Gilman and Pastor, LLP Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Fairfax Financial Holdings, Ltd. on Behalf of Stock Owners/Investors and Urges Investors to Inquire as to the Class Action Lawsuit Prior to the September 23, 2011 Lead Plaintiff Deadline

Press Release

August 25, 2011

BOSTON, MA – Gilman and Pastor, LLP announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of the purchasers of Fairfax Financial Holdings Ltd. (“Fairfax” or the “Company”) (NYSE: FFH) who purchased shares between May 21, 2003 and March 22, 2006, inclusive (the “Class Period”).

The Complaint alleges that Fairfax violated federal securities laws by failing to disclose the following facts: (i) the Company’s revenues and earnings were negatively impacted by increased competition in its marketplace, including from companies with lower cost offerings; (ii) a number of significant operational problems existed at the Company that negatively impacted its business; and (iii) the Company had shifted its focus, and a significant amount of resources, away from its core higher education readiness and Penn Foster core businesses in pursuit of unproven projects to the detriment of its business, financial performance and prospects.

As a result of Defendants’ misleading statements, shares of FFH traded at artificially high price levels.  Then on March 22, 2006, Fairfax revealed that the Securities and Exchange Commission (“SEC”) had subpoenaed records of all of Fairfax’s finite reinsurance contracts in the previous year. Consequently, shares of FFH dropped significantly.

If you purchased or otherwise acquired FFH shares during the Class Period, between May 21, 2003 and March 22, 2006, and either lost money on the transaction or still hold the shares, you may contact Gilman and Pastor by no later than September 23, 2011 to discuss your rights, including as to the recovery of your losses, or to obtain additional information, at www.investment-losses.com, by email at kgilman@gilmanpastor.com or by calling toll-free (888)252-0048.

Gilman and Pastor, LLP is one of the country’s premier national law firms that represents institutional and individual investors in class actions, complex securities and corporate governance litigation.  The firm has been a champion of investor rights for over 30 years and has been recognized for its reputation for excellence by the courts.  You may retain Gilman and Pastor without financial obligation or cost to you, or you may retain other counsel of your choice.