General Motors (
TSX:GMM.U,
Stock Forum) is being lined up to face the music since the company’s widely publicized vehicle recall involving a fatally problematic ignition switch linked to at least 13 deaths that has the company recalling approximately 2.6 million compact cars across the globe. As of today,
Levi & Korsinsky and
Glancy Binkow & Goldberg joined the league of law firms brandishing class action intentions.
GrowLife (
OTCBB:PHOT,
Stock Forum), a Woodland Hills California-based manufacturer and marketer of horticulture and lifestyles products in the USA, was trade halted by the SEC for incomplete paperwork and within the space of an hour, Rosen Law Firm, rose to the challenge by
announcing an investigation of securities claims against the company.
Barker Minerals (
TSX:V.BML,
Stock Forum), a Prince George British Columbia-based firm engaged in the exploration and development of Canadian mineral properties, is crying foul and has
hired James Wesley Christian of Christian Smith & Jewell LLP to provide specialized legal advice in relation to identified irregular trading and settlement patterns including indications of illegal and destructive “failures to deliver” activity, routinely known as “naked short selling”.
Pioneer Energy Services (
NYSE:PES,
Stock Forum), a San Antonio Texas-based provider of drilling services and production services to independent and major oil and gas exploration and production entities, was put under the microscope by
Levi & Korsinsky for possible claims of breaches of fiduciary duty by certain board members of the company.
Yongye International (
NASDAQ:YONG,
Stock Forum), a Bejing-based crop nutrient firm engaged in researching, developing, manufacturing and selling fulvic acid based crop and animal nutrient products, was put into the cross hairs by Willie
Briscoe and the securities litigation firm of Powers Taylor LLP for potential legal claims against the company’s board in regards to its recent “going private” proposal from the company’s Chairman.
LIFELOCK (
NYSE:LOCK,
Stock Forum), a Tempe Arizona-based provider of proactive identity theft protection services for consumers and commercial enterprises, was locked in on by
Levi & Korsinsky LLP on behalf of investors to investigate claims of misleading advertising and guarantees regarding the company’s identity theft services.
Questor Pharmaceuticals (
NASDAQ GS:QCOR,
Stock Forum), an Anaheim California-based a biopharmaceutical firm engaged in the treatment of patients with serious auto-immune and inflammatory disorders, was put under the gun by
Brodsky & Smith LLC to investigate potential claims against the company’s board regarding its proposed acquisition by Mallinckrodt.
Cytrx (
NASDAQ:CYTR,
Stock Forum), a Los Angeles-based biopharmaceutical firm specializing in oncology, was put under scrutiny by the
Law Offices of Howard G. Smith on behalf of investors regarding allegations that the company hired promoter, The DreamTeam Group, to promote company stock without disclosing that it had been paid by the company to do so.