Current Investigations
Herman Jones LLP is currently investigating the following matters.
For more information,
please click on one of the press releases below.
Herman Jones LLP Announces Investigation for Investors in Wells Fargo
Herman Jones LLP is investigating claims for investors who may have been harmed by Wells Fargo's possible wrongdoing in its hiring practices. A class action lawsuit was recently filed in federal court on behalf of purchasers of the securities of Wells Fargo & Co. for violations of the Securities Act of 1933. According to the Complaint, Wells Fargo & Co. engaged in fake job interviews, interviewing job applicants whom the bank deemed “diverse" for positions that already had been promised to other people...
Herman Jones LLP Announces Investigation for Investors in Switch, Inc.
Herman Jones LLP is investigating claims for investors who may have been harmed by Switch's possible false/misleading statements concerning a proposed merger. A lawsuit was recently filed in federal court against Switch for violations of the Securities Act of 1934 in relation to a proxy statement regarding the acquisition of all outstanding common shares of Switch for $34.25 per share by DigitalBridge Group, Inc., through DigitalBridge Partners II. According to this Complaint, Switch failed to make critical disclosures concerning, among other things, financial projections and data analysis material to the acquisition...
Herman Jones LLP Announces Investigation for Investors in Bumble Inc.
Herman Jones LLP is investigating claims for investors who may have been harmed by Bumble's possible failure to timely disclose its decline in paying users. A class action lawsuit was recently filed in federal court against Bumble for violations of the Securities Act of 1933 in relation to a secondary public stock offering on September 10, 2021. According to this Complaint, Bumble failed to disclose that the growth of its paying users of its two apps was tapering off dramatically, if not declining, prior to the stock offering...
Herman Jones LLP Announces Investigation for Investors in Twitter
Herman Jones LLP is investigating claims for investors who may have been harmed by Twitter's possibly overstating its real account users. Recently, a lawsuit was filed in the Chancery Court of Delaware against Twitter. A shareholder alleges, among other claims, that for years Twitter has overstated its number of real daily active users and has driven up its revenue by failing to identify its actual volume of fake accounts...
Herman Jones LLP Announces Investigation for Investors in Ericsson
Herman Jones LLP is investigating claims for investors who may have been harmed by Ericsson's possible breaches of compliance rules. A class action lawsuit was recently filed in federal court on behalf of purchasers of the securities of Ericsson for violations of the Securities Act of 1933 in relation to what have been alleged as “serious” breaches of various compliance rules. According to the Complaint, Ericsson engaged in paying tens of millions of dollars in questionable payments which were not previously disclosed...
Herman Jones LLP Announces Investigation for Investors in AbbVie Inc.
Herman Jones LLP is investigating claims for investors who may have been harmed by AbbVie's alleged statements about Its drug Rinvoq. A shareholder class action complaint was recently filed in federal court, contending that AbbVie violated the 1933 Securities Act by misleading investors relating to the prospects of its drug Rinvoq. When the FDA announced it would not complete its review of various expanded indications of Rinvoq by the end of June 2021 due to safety concerns and the drug would be limited as a result, the stock price was adversely impacted...