UCR Today: Law Professor to Discuss Legal, Regulatory Practices Related to Environmental Policy
The complaint alleges that the Company misled investors regarding the following issues: that ForceField has engaged in unethical and potentially illegal stock promotion to target retail investors and pump up the value of the Companys stock; the Companys management, have close ties to past fraudulent companies and activities; and, that the Company is nearing insolvency. Upon publication of a report disclosing these issues the Companys stock fell $1.66 per share or 22% on unusually high volume to close on April 15, 2015 at $6.05 per share. Over the course of the next two trading sessions the Companys shares continued to decline, closing on April 16, 2015 at $4.74 per share, and on April 17, 2015 at $3.97, a total decline of $3.97 per share or nearly 50%.
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Timothy Malloy, professor of law at the UCLA School of Law, will discuss Law, Science and Risk: Shifting Paradigms of Regulation at UC Riverside on Friday, May 1, at 9 a.m. in Winston Chung Hall 205/206. The lecture is free and open to the public. Reservations are requested and may be made online or by emailing email@example.com .
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ATTENTION KB HOME SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP is Investigating Potential Violations of the Federal Securities Laws by KB Home and Certain Officers - Yahoo Finance
Specifically, Johnson & Weaver is investigating whether certain statements regarding the KB Homes business, prospects and outlook were false and misleading when made, causing the price of the Companys stock to trade at artificially inflated levels, in violation of the federal securities laws. On January 13, 2015, KB Home issued a press release announcing its fourth-quarter and year-end financial results for the period ending November 30, 2014. The Company reported a quarterly year over year decline in housing gross profit margin of 60 basis points, decreasing the margin from 17.9% to 17.3%. Moreover, KB Home reported an inventory impairment charge of $34.2 million, of which $23.2 million related to the planned future land sale of a non-strategic asset.
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