Top News

Fisker investors class action: Bankers duped them into pouring funds into failed electric car biz

Scott Holland Nov. 28, 2016, 1:00pm

Facing a class-action complaint potentially worth hundreds of millions of dollars, a group of investment bankers accused of misleading investors into pouring funds into a failed electric car venture – described as “the largest venture capital-backed debacle in U.S. history” - have taken the litigation to federal court.

Judge grounds lawsuit vs Northrop Grumman over 'best efforts' to develop civilian aircraft missile defense system

Dana Herra Oct. 14, 2015, 11:04am

A federal judge has found Northrop Grumman’s “best efforts” were good enough to allow him to ground a lawsuit brought by a former Northrop employee, who claimed the giant aerospace company and defense contractor should be held accountable for allegedly misleading the U.S. government on its achievements in developing a system to defend aircraft against missiles.