Week Adjourned: 9.18.09

A properly run Dutch auction...taking notes Wachovia?Top Class Actions 

Forgot their Dutch lessons? Perhaps the folks at Wachovia didn’t spring for a trip to Holland to learn how to run an auction. So if you bought Wachovia stock between March 19, 2003 and February 13, 2008 you may be interested to know that Wachovia Corporation was served with a potential class action this week. What did they do? Well, the complaint alleges that throughout the above mentioned period (the class period), Wachovia Securities and A.G. Edwards “engaged in deceptive and manipulative tactics directed at ARS investors to create the appearance of a functioning auction market.” That doesn’t sound good, never mind legal.  

If you own this stock you may want to follow this one.

Top Settlements

DanActivate that Settlement! Dannon has been ordered to pay up in a class action settlement alleging misleading advertising about its Activia and DanActive yogurt products. You mean pro-biotic yogurt can’t cure everything that ails you?  Continue reading “Week Adjourned: 9.18.09”