Key Developments: Star Scientific Inc (STSI.W)
1.37USD
18 Jun 2013
$-0.02 (-1.44%)
$1.39
$1.38
$1.38
$1.35
600
1,498
$5.05
$1.15
Latest Key Developments (Source: Significant Developments)
Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Lead Plaintiff Motion Deadline in Securities Class Action Lawsuit Against Star Scientific Inc
Kahn Swick & Foti, LLC (KSF) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $150,000 that they have only until May 24, 2013 to file lead plaintiff applications in a securities class action lawsuit against Star Scientific Inc. Investor losses must relate to purchases of the Company`s common stock during the period between October 31, 2011 and March 18, 2013, inclusive. This action is pending in the United States District Court for the Eastern District of Virginia. Full Article
Levi & Korsinsky Notifies Investors with Losses on Their Investment In Star Scientific Inc Of Class Action Lawsuit
Levi & Korsinsky announced that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia against Star Scientific Inc . Full Article
Robbins Arroyo LLP Files Class Action Against Star Scientific Inc
Robbins Arroyo LLP announced that the firm filed a federal securities fraud class action complaint on May 7, 2013, in the U.S. District Court for the Eastern District of Virginia on behalf of all persons who purchased or otherwise acquired Star Scientific stock between October 31, 2011 and March 18, 2013, inclusive (the Class Period), against the Company and certain of officers and Directors for violations of the Securities Exchange Act of 1934. Star Scientific and operating subsidiaries manufacture, distribute, and sell consumer products and dietary supplements. The complaint alleges that defendants made materially false and misleading statements during the Class Period in press releases, analyst conference calls, and filings with the U.S. Securities and Exchange Commission (the SEC). Full Article
Levi & Korsinsky Announces Investigation Of Star Scientific Inc
Levi & Korsinsky announced that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia against Star Scientific Inc. The complaint alleges that the defendants made materially false and misleading statements concerning the Company`s business and operations. In particular, it is alleged that the Company misrepresented and/or failed to disclose that: the Company had engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006; and the Company received subpoenas from the U.S. Attorney`s office investigating potential securities fraud involving transactions dating back to 2006. Full Article
Lieff Cabraser Announces Class Action Litigation Against Star Scientific Inc
The law firm of Lieff Cabraser Heimann & Bernstein, LLP announced that class action litigation has been brought on behalf of all persons who purchased or otherwise acquired the securities of Star Scientific Inc (Star Scientific or the Company) between October 31, 2011 and March 18, 2013, inclusive (the Class Period). If you purchased or otherwise acquired Star Scientific securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than May 24, 2013. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action. Full Article
Lifshitz Law Firm Announces Investigation Of Star Scientific Inc
Lifshitz Law Firm announced that a class action suit was filed in the United States District Court for the Eastern District of Virginia on behalf of purchasers of Star Scientific Inc between October 31, 2011 and March 18, 2013 (Class Period). The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose certain private placements and related party transactions since 2006 involving Star Scientific securities. The firm is investigating legal claims against the officers and Board of Directors of Star Scientific during the Class Period. Full Article
Briscoe Law and Powers Taylor Announces Investigation Of Star Scientific Inc
Briscoe Law and Powers Taylor announced that a federal class action lawsuit has been filed in Virginia against Star Scientific, Inc. (Star Scientific) and several of its Officers and Directors for acts taken during the period of October 31, 2011 to March 18, 2013 (Class Period). In the complaint, the defendants are alleged to have violated provisions of the Securities Exchange Act of 1934. Notably, one of the complaints alleges that defendants misrepresented and/or failed to disclose that, among other things: the Company engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006; and the Company received subpoenas from the US Attorney's office investigating potential securities fraud involving transactions dating back to 2006. According to this complaint, when these facts were finally disclosed, Star Scientific's shares dropped substantially. Full Article
Bernstein Liebhard LLP Announces Securities Class Action Against Star Scientific Inc
Bernstein Liebhard LLP announced that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia on behalf of a class (the "Class") of purchasers of Star Scientific, Inc. ("Star" or the "Company") securities between October 31, 2011 and March 18, 2013 (the "Class Period"). The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that the Company engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006 involving Star Scientific securities. Full Article
Investor Files Class Action Lawsuit Against Star Scientific Inc
Robbins Arroyo LLP announced that a purchaser of Star Scientific, Inc. securities has filed a complaint in the U.S. District Court for the Eastern District of Virginia. The complaint alleges that Star Scientific and certain of its Officers and Directors violated the Securities Exchange Act of 1934 between October 31, 2011 and March 18, 2013 (Class Period). Star Scientific Accused of Making False and Misleading Statements Concerning the Company's Business, Operational, and Compliance Policies The complaint alleges that the Star Scientific, a drug manufacturing company that produces products to promote a healthy lifestyle, such as dietary supplements, issued a series of materially false and misleading statements to investors regarding the Company's business, operational, and compliance policies. Specifically, the complaint alleges that certain Officers and Directors delayed disclosure of the fact that the Company had received subpoenas from the U.S. Attorney's office investigating potential securities fraud in Star Scientific's securities involving transactions dating back to 2006. Full Article
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Star Scientific Inc
Ryan & Maniskas, LLP announced that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Star Scientific, Inc. (Star Scientific or the Company) between October 31, 2011 and March 18, 2013, both dates inclusive of (the Class Period). The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that the Company engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006 involving Star Scientific securities. On March 18, 2013, the Company disclosed this investigation to investors, announcing that the Company and its directors had received subpoenas from the US Attorney's office. The Company also announced that it was conducting an internal investigation regarding these transactions. On this news Star Scientific shares declined $0.35 per share or nearly 18% to $1.63 on March 19, 2013. As a result of defendants' wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered losses and damages. Full Article
UPDATE 1-SOCAR's $5 bln Turkey refinery seen online mid-2017
ISTANBUL, May 20 - Azerbaijan's state energy firm SOCAR will spend up to $5 billion on its planned oil refinery in the west of Turkey and aims to begin production in mid-2017, the company's Turkey CEO Kenan Yavuz said on Monday.
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