Fraud

Philadelphia Jury Awards $8.5 Million to Chinese Investor in Fraud Case Against Local Businessman

by

Philadelphia, PA – A local jury awarded $8.5 million to a Chinese investor on Monday, finding a Main Line businessman guilty of deceit in a failed venture to open urgent-care centers around Philadelphia. The case highlighted the complexities and potential pitfalls of international investments in the U.S. healthcare sector. The dispute centered around Edward Silverman, a physician and entrepreneur who established Premier Urgent Care in 2006, and Shouhui Zhu, an investor from China. Discussions between Silverman and Zhu began in 2013 about launching five new urgent-care facilities, building on the nine existing locations Silverman already … Read more

Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Zeta Global Holdings for Alleged Securities Fraud

by

New York, NY — Levi & Korsinsky, LLP has announced a class action lawsuit on behalf of investors in Zeta Global Holdings Corp., a move prompted by allegations of securities fraud that reportedly affected shareholders between February 27, 2024, and November 13, 2024. Investors in the New York Stock Exchange-listed company, referred to commonly as Zeta, are urged to inquire about potential compensatory claims. The lawsuit alleges significant malpractices by Zeta Global Holdings Corp., including the use of two-way contracts and round trip transactions purportedly aimed at inflating financial outcomes artificially. The complaint further accuses … Read more

Judge Rules Out State Prosecutor in Concord Casino Fraud Case Over Violation of Legal Privileges

by

Concord, N.H. – A Merrimack County Superior Court judge recently made a pivotal decision by barring a state prosecutor and a financial expert from continuing on a high-profile fraud case against Andy Sanborn, owner of Concord Casino. The ruling followed allegations of mishandling sensitive legal communications during the investigation. Judge John Kissinger highlighted that the Attorney General’s office exhibited “gross negligence” by not adequately safeguarding private legal communications between Sanborn and his attorneys. This failure compromised protections typically afforded under the attorney-client privilege, essential in ensuring fairness in legal proceedings. At the heart of the … Read more

RTO Investors Urged to Spearhead Legal Battle in Rentokil Initial plc Securities Fraud Case

by

London, UK – Rentokil Initial plc, a major player in the global pest control and hygiene services market, is currently embroiled in legal troubles as the company faces allegations of securities fraud. Investors are now being called upon to lead a class-action lawsuit, which seeks to address claims that the company might have misled shareholders about its financial health and business prospects. This legal action comes after significant fluctuations in Rentokil Initial’s stock prices, which some investors attribute to potentially undisclosed risks or misleading financial information provided by the company. The lawsuit aims to represent … Read more