Cbeyond (NASDAQ:CBEY, Stock Forum), an Atlanta Georgia-based provider of managed information technology and communications services to American businesses, is being leapt upon by law firms Kahn, Swick & Foti, Johnson & Weaver LLP, Rigrodsky & Long P.A., Pomerantz LLP, Kirby McInerney LLP, Brower Piven, Brodsky & Smith LLC, Faruqi & Faruqi LLP, and Willie Briscoe and Powers Taylor LLP in regards to its proposed sale to Birch Communications for allegedly not completing due diligence on the consideration that would see shareholders receive between $9.97 and $10.00 with said consideration possibly undervaluing the company.
GrowLife (OTCBB:PHOT, Stock Forum), a flailing contender in the emerging medical marijuana sector, is getting hammered once again with Lifshitz & Miller, Rosen Law Firm and Tripp Levy PLLC joining the legion of law firms since the weekend launching class action suits citing securities fraud when the company was accused of making materially false and misleading statements about the company's true financial condition resulting in the U.S. Securities and Exchange Commission suspension of trading on April 10, 2014.
MoneyGram International (NYSE:MGI, Stock Forum), a Dallas Texas-based money and payment services firm providing money transfers, bill payment services, money order services and official check processing, was put under investigation by Federman & Sherwood for alleged breaches of fiduciary duty by the company's officers and directors because they forgot to mention that Wallmart was going to offer competing money transfer products in all of its current wire transfer locations in the United States until the fact slipped out in an analyst conference call on April 17, 2014, causing share prices to dive 30% in the space of a day. Oops.
General Motors (TSX:GMM.U, Stock Forum), locked in a legal woes concerning the recent recall of approximately 2.6 million vehicles due to a faulty ignition switch that has caused at least 13 deaths, is currently maneuvering to have any claims resulting from their fatally bad switch prior to the company's 2009 bankruptcy ruling to be attributed to the old company thus shielding them from said claims. What a bunch of weasels. Today, the law offices of Howard G. Smith, joined the fight against the company as it dives for legal cover.
A WORD TO THE WISE
Foreign currency trading or Forex is volatile and holds substantial risks and that said, you should never invest any more than you can absolutely afford to lose. Unfortunately fraudulent Forex trading offers have been on the rise for the last decade and you need to protect yourself even further.
According to the U.S. Commodity Futures Trading Commission, there are specific flags that can give any Forex scam away, for instance if the company or individual states that with Forex, there is no 'bear' market or they claim that you can and should trade in the interbank market. Not to mention if you are asked to immediately send cash via the Internet, email or otherwise and/or you are unable to obtain background information on the individual or company. Don't let these sleazeballs steal your hard-earned money, do a grand amount of due diligence and contact the CFTC or your local securities commission to check the company's registration, business background and disciplinary history. If it sounds too good to be true, it probably is.