April 15, 2019
Former executives of a now-defunct online stock trading company won't have to face claims brought by shareholders alleging they lied about the company's financial condition and failed to prevent gross fiscal mismanagement by its CEO, an Illinois federal judge ruled Friday.
February 21, 2019
An Illinois federal judge on Thursday signed off on a revised $675,000 settlement between the general counsel of a now-defunct stock trading firm and investors who claim he helped conceal financial difficulties and evidence that higher-ups used company money for personal gain.
January 02, 2019
An Illinois federal court has refused to approve a deal between the general counsel of a now-defunct stock trading firm and investors over allegations the attorney helped conceal financial difficulties and evidence that higher-ups used corporate funds for personal gain, questioning the proposed distribution favoring the named investors.
August 29, 2018
Investors in a now-defunct online stock trading firm on Tuesday asked an Illinois federal judge to sign off on a $675,000 settlement with the company's former outside general counsel to resolve allegations that the attorney helped conceal financial and legal difficulties and evidence that higher-ups at the firm used corporate funds for personal gain.
April 10, 2017
An attorney for a now-defunct online stock trading company moved to dodge legal malpractice claims on Friday in a suit alleging several individuals associated with the company essentially used it as a personal bank account, saying he never shirked his duties and never arranged for his son to get a loan with company funds.
January 12, 2017
Several individuals associated with the parent company of the now-defunct online stock trading company Ditto Trade Inc. were hit with a shareholder complaint on Thursday, accusing the five of essentially using the company as a personal bank account, among other things, in the wake of investigations from the Securities and Exchange Commission and the Financial Industry Regulatory Authority.