Shareholders Foundation

welcome to the shareholders foundation

Welcome to The Shareholders Foundation. We are an investor advocacy group. Our goal is to help investors find answers and options involving investments which are involved in some form of legal action. This website was designed to help you find the news, case, and case investigation information affecting your investments.

We now offer customized tracking and notification services for investors. The Company Search menu item will take you to a list of all of the companies that we are currently tracking. From there you may select any of the companies that you wish to review. This will take you to the "Company Overview" page. From the "Company Overview" page you can select whichever case affects your particular investment, and from any of those pages you my subscribe to whichever case, company, or ticker is available for tracking or submit the form located at the bottom of the company pages to have a particular investment reviewed for options.

Top Stories


February 8, 2010
COMSYS IT Partners, Inc. Investor Alert: Board Under Investigation
Investigation
On February 02, 2010 Manpower Inc. today it has entered into an agreement, which has been approved by the boards of directors of both companies, to acquire COMSYS IT Partners, Inc. (Nasdaq: CITP) in a $431 million transaction.
Airgas, Inc. Investors Alert: Air Products & Chemicals, Inc Offer Under Investigation
Investigation
According to one investigation by a law firm “the transaction appears to be unfair” to current investors of Airgas, Inc. (Public, NYSE:ARG) because the “offer to purchase Airgas, Inc. (ARG) appears opportunistically timed to take advantage of the current economic downturn” and is “grossly unfair, inadequate, and substantially below the fair or inherent value of ARG”.
Brink's Home Security Holdings, Inc board under investigation
Investigation
On January 18, 2010 Brink's Home Security Holdings, Inc. (NYSE: CFL) and Tyco International Ltd. (NYSE: TYC) announced a definitive agreement for Tyco to acquire Brink's Home Security Holdings, now operating as Broadview Security, in a cash and stock transaction is valued at $42.50 per share or approximately $2.0 billion.
Alcon, Inc. Buyout Offer Under Shareholder Investigation
Investigation
Novartis AG (NYSE: NVS) announced to acquire the shares in Alcon, Inc. it does not already own, or the remaining approximate 23 percent of the outstanding publicly-held shares.
BioForm Medical, Inc. Board Under Shareholder Investigation
Investigation
On January 04, 2010 BioForm Medical, Inc. (Nasdaq:BFRM) announced that the Board of Directors of BioForm Medical and the Merz Pharma Group Shareholders Council have unanimously approved a definitive agreement.
Kohlberg Capital Corp. Hit By Shareholder Lawsuit
Case
The complaint alleges that defendants violated Generally Accepted Accounting Principles by failing to properly account for the fair value of its investment portfolio.

Huron Consulting Group, Inc faces a securities class action lawsuit over alleged violations of Federal Securities Laws on behalf of purchasers of the securities of Huron Consulting Group, Inc. (Nasdaq:HURN) between April 27, 2006 and July 31, 2009. According to an order by.U.S. District Judge Elaine Bucklo public pension fund will lead the lawsuit against Huron Consulting. The investigation on behalf of current long term investors in Consulting Group, Inc. (Public, NASDAQ:HURN) concerning possible shareholder claims will continue.

At least six angry investors have filed in six separate complaints in the United States District Court for the Northern District of Illinois a lawsuit on behalf of a class consisting of all persons or entities who purchased the securities of Huron Consulting Group, Inc. (Nasdaq:HURN) between April 27, 2006 and July 31, 2009 against Huron Consulting and others alleging securities violations related to public statements made by the Huron Consulting concerning its financial performance for certain annual and quarterly periods between April 27, 2006 and July 31, 2009.

In addition to the lawsuits by investors the U.S. Securities and Exchange Commission (“SEC”) recently announced that it is investigating accounting errors at Huron Consulting Group. According to the investor complaints the plaintiffs alleges that between April 27, 2006 and July 31, 2009 Huron Consulting Group and certain of its former executive officers violated federal securities laws by knowing or recklessly disregarding that their public statements concerning Huron Consulting’s business, operations and prospects were materially false and misleading......read more

An investor of International Game Technology (Public, NYSE:IGT) has filed a proposed securities class action lawsuit in the United States District Court for the District of Nevada on behalf of purchasers of International Game Technology (NYSE:IGT) common stock during the period between November 1, 2007 and October 30, 2008 against IGT and others alleging violations of Federal Securities laws.

According to the complaint the plaintiff alleges that International Game Technology and certain of its officers and directors violated the Securities Exchange Act of 1934by issuing between November 1, 2007 and October 30, 2008 materially false and misleading statements regarding IGT’s business prospects. As alleged in the complaint, the inflation in the price of IGT stock came out in response to a series of disclosures by IGT. International Game Technology (IGT), located in Reno, NV, is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and network systems, as well as licensing and services. IGT maintains an array of entertainment-inspired gaming product lines. In addition to its United States production facilities in Nevada, it manufactures gaming products in the United Kingdom and through a third-party manufacturer in Japan. International Game Technology reported in 2007 Total Revenue of $2.6214billion with a Net Income of $508.20million and in 2008 $2.5286billion with a Net Income of $341.50million. Shares of IGT traded recently at $19.72 per share, down from a 52weekHigh of $24.55 per share and $48.28 per share in 2008.....read more

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Latest Acquisition

Airgas by Air Products & Chemicals

According to Air Products (NYSE: APD) the offer of $60.00 per share provides a 38% premium to Airgas shareholders based on yesterday’s closing price of $43.53 and is 18% above Airgas’ 52-week high.But, according to one investigation by a law firm “the transaction appears to be unfair” to current investors of Airgas, Inc. (Public, NYSE:ARG) because the “offer to purchase Airgas, Inc. (ARG) appears opportunistically timed to take advantage of the current economic downturn”..... read more

Deadlines!

02/09/2010

Sterling Financial Corporation

02/12/2010

MetroPCS Communications

02/16/2010

NightHawk Radiology Holdings

02/19/2010

Terex Corporation

02/26/2010

Kohlberg Capital
Rentech

03/12/2010

Stryker Corporation
Koss Corporation

03/22/2010

Motorola

New Cases

Koss Corporation

Koss Corporation Hit by Investor Lawsuit
Shareholder Class Action
NASDAQ: KOSS

Motorola

Motorola, Inc. Hit by Shareholder Lawsuit
Shareholder Class Action
NYSE: MOT

Sauer-Danfoss

Sauer-Danfoss Inc. Shareholder Files Lawsuit Over Alleged Unfair Takeover
Mergers and Acquisition
NYSE: SHS

Quixote Corporation

Quixote Corporation Shareholders File Lawsuit
Mergers and Acquisition
NASDAQ: QUIX

Stryker Corporation

Stryker Corporation Hit by Investor Lawsuit
Shareholder Class Action
NYSE: SYK

QuadraMed

QuadraMed Corporation Shareholder Files Lawsuit Over Takeover
Mergers and Acquisition
NASDAQ: QDHC

Kohlberg Capital

Kohlberg Capital Corp. Hit By Shareholder Lawsuit
Shareholder Class Action
NASDAQ: KCAP

Rentech

Rentech, Inc. Hit by Shareholder Lawsuit
Shareholder Class Action
AMEX: RTK

California Micro Devices

California Micro Devices Corporation Board Hit By Investor Lawsuit
Mergers and Acquisition
NASDAQ: CAMD

MetroPCS Communications

MetroPCS Communications, Inc. Hit by Shareholder Lawsuit
Shareholder Class Action
NYSE: PCS

Market News
COMSYS IT Partners, Inc. Investor Alert: Board Under Investigation - On February 02, 2010 Manpower Inc. today it has entered into an agreement, which has been approved by the boards of directors of both companies, to acquire COMSYS IT Partners, Inc. (Nasdaq: CITP) in a $431 million transaction. - Feb 5, 2010
Airgas, Inc. Investors Alert: Air Products & Chemicals, Inc Offer Under Investigation - According to one investigation by a law firm “the transaction appears to be unfair” to current investors of Airgas, Inc. (Public, NYSE:ARG) because the “offer to purchase Airgas, Inc. (ARG) appears opportunistically timed to take advantage of the current economic downturn” and is “grossly unfair, inadequate, and substantially below the fair or inherent value of ARG”. - Feb 5, 2010
Amicas, Inc. Investor Alert: Board under Investigation - On December 28, 2009 AMICAS, Inc. (NASDAQ: AMCS), announced that it entered into a definitive merger agreement to be acquired by an affiliate of Thoma Bravo, LLC, in a transaction valued at approximately $217 million. - Feb 3, 2010
Advanta Corp. Investment Notes and RediReserve Variable Rate Certificates Under Investigation - Chuck Jaffe, of MarketWatch said in April 2009 that Advanta Corp. Investment Notes and RediReserve Variable Rate Certificates were “the Stupid Investment of the Week”, because “Investors who flock to these high-yield notes may find that the current conditions are just wrong enough so that they will get burned”. - Feb 3, 2010
Brink's Home Security Holdings, Inc board under investigation - On January 18, 2010 Brink's Home Security Holdings, Inc. (NYSE: CFL) and Tyco International Ltd. (NYSE: TYC) announced a definitive agreement for Tyco to acquire Brink's Home Security Holdings, now operating as Broadview Security, in a cash and stock transaction is valued at $42.50 per share or approximately $2.0 billion. - Feb 2, 2010
ZiLOG, Inc. Board Under Shareholder Investigation - On December 07, 2009 IXYS Corporation (NASDAQ: IXYS) announced that it has entered into a definitive agreement to acquire Zilog, Inc. (NASDAQ: ZILG). Under the terms of the agreement, IXYS Corp will acquire all of Zilog Inc’s outstanding common shares for $3.5858 per share in cash, or approximately $62.4 million. - Jan 12, 2010
Quixote Corporation Shareholder Alert: Investigation - The investigation focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Quixote Corp. arising out of their attempt to sell Quixote Corporation (Public, NASDAQ:QUIX) to Trinity Industries, Inc. - Jan 12, 2010
BioForm Medical, Inc. Board Under Shareholder Investigation - On January 04, 2010 BioForm Medical, Inc. (Nasdaq:BFRM) announced that the Board of Directors of BioForm Medical and the Merz Pharma Group Shareholders Council have unanimously approved a definitive agreement. - Jan 12, 2010
Alcon, Inc. Buyout Offer Under Shareholder Investigation - Novartis AG (NYSE: NVS) announced to acquire the shares in Alcon, Inc. it does not already own, or the remaining approximate 23 percent of the outstanding publicly-held shares. - Jan 12, 2010
Sauer-Danfoss Inc. Shareholder Investigation Concerning Unfair Takeover - On December 22, 2009 Danfoss A/S ("Danfoss") announced that, through its wholly owned subsidiary Danfoss Acquisition, Inc., it intends to launch a cash tender offer for all of the outstanding shares of common stock of Sauer-Danfoss Inc. (NYSE: SHS) not already owned by Danfoss A/S and its subsidiaries. - Dec 29, 2009
COMSYS IT Partners, Inc. Investor Alert: Board Under Investigation - On February 02, 2010 Manpower Inc. today it has entered into an agreement, which has been approved by the boards of directors of both companies, to acquire COMSYS IT Partners, Inc. (Nasdaq: CITP) in a $431 million transaction.
Airgas, Inc. Investors Alert: Air Products & Chemicals, Inc Offer Under Investigation - According to one investigation by a law firm “the transaction appears to be unfair” to current investors of Airgas, Inc. (Public, NYSE:ARG) because the “offer to purchase Airgas, Inc. (ARG) appears opportunistically timed to take advantage of the current economic downturn” and is “grossly unfair, inadequate, and substantially below the fair or inherent value of ARG”.
Motorola, Inc. Hit by Shareholder Lawsuit - An investor in Motorola, Inc. (NYSE:MOT) filed a lawsuit against Motorola, Inc and others over alleged violations of Federal Securities Laws in connection with problems Motorola was experiencing with its earnings projections and sales demand for the RAZR2 phone.
QuadraMed Corporation Shareholder Files Lawsuit Over Takeover - According to the complaint the plaintiff alleges that QuadraMed is selling itself too cheaply and shareholders would be shortchanged in the $126 million takeover by Francisco Partners.
Sauer-Danfoss Inc. Shareholder Files Lawsuit Over Alleged Unfair Takeover - On December 22, 2009 Danfoss A/S ("Danfoss") announced that, through its wholly owned subsidiary Danfoss Acquisition, Inc., it intends to launch a cash tender offer for all of the outstanding shares of common stock of Sauer-Danfoss Inc. (NYSE: SHS) not already owned by Danfoss A/S and its subsidiaries.
Quixote Corporation Shareholders File Lawsuit - The plaintiff alleges that each defendant, among other things, failed to disclose: information regarding the conflict of interests of the company’s directors, the financial basis behind the fairness opinion by the company’s financial advisor that deemed the sale agreement to be fair, and details of the sale process that shareholders believe they are entitled to know.
Amicas, Inc. Investor Alert: Board under Investigation - On December 28, 2009 AMICAS, Inc. (NASDAQ: AMCS), announced that it entered into a definitive merger agreement to be acquired by an affiliate of Thoma Bravo, LLC, in a transaction valued at approximately $217 million.
Advanta Corp. Investment Notes and RediReserve Variable Rate Certificates Under Investigation - Chuck Jaffe, of MarketWatch said in April 2009 that Advanta Corp. Investment Notes and RediReserve Variable Rate Certificates were “the Stupid Investment of the Week”, because “Investors who flock to these high-yield notes may find that the current conditions are just wrong enough so that they will get burned”.
Stryker Corporation Hit by Investor Lawsuit - On November 13, 2008, during an investor conference hosted by Credit Suisse, Stryker announced that it was still losing revenues and customers as a result of a January 2008 hip product recall. Following these statements Stryker common declined 23% closing at $36.11 per share on November 20, 2008.
Koss Corporation Hit by Investor Lawsuit - An investor in Koss Corp. (KOSS) shares filed a lawsuit in the United States District Court for the Eastern District of Wisconsin on behalf of investors in Koss Corporation (Public, NASDAQ:KOSS) securities, who purchased or otherwise acquired the stock of Koss Corporation ("Koss" or the "Company") (NASDAQ: KOSS) between July 12, 2005 and December 21, 2009, against Koss Corp. over alleged violations of Federal securities laws.
Brink's Home Security Holdings, Inc board under investigation - On January 18, 2010 Brink's Home Security Holdings, Inc. (NYSE: CFL) and Tyco International Ltd. (NYSE: TYC) announced a definitive agreement for Tyco to acquire Brink's Home Security Holdings, now operating as Broadview Security, in a cash and stock transaction is valued at $42.50 per share or approximately $2.0 billion.
ZiLOG, Inc. Board Under Shareholder Investigation - On December 07, 2009 IXYS Corporation (NASDAQ: IXYS) announced that it has entered into a definitive agreement to acquire Zilog, Inc. (NASDAQ: ZILG). Under the terms of the agreement, IXYS Corp will acquire all of Zilog Inc’s outstanding common shares for $3.5858 per share in cash, or approximately $62.4 million.
Quixote Corporation Shareholder Alert: Investigation - The investigation focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Quixote Corp. arising out of their attempt to sell Quixote Corporation (Public, NASDAQ:QUIX) to Trinity Industries, Inc.
California Micro Devices Corporation Board Hit By Investor Lawsuit - On Dec. 14, 2009 California Micro Devices (Nasdaq: CAMD) and ON Semiconductor (Nasdaq: ONNN) announced the signing of a definitive merger agreement pursuant to which ON Semiconductor will acquire California Micro Devices (CMD) through a cash tender offer of $4.70 per share.
Kohlberg Capital Corp. Hit By Shareholder Lawsuit - The complaint alleges that defendants violated Generally Accepted Accounting Principles by failing to properly account for the fair value of its investment portfolio.
Rentech, Inc. Hit by Shareholder Lawsuit - The plaintiff alleges that as a result of this news, the price of Rentech stock (RTK) has declined more than 22% since the disclosure of its improper accounting practices.
BioForm Medical, Inc. Board Under Shareholder Investigation - On January 04, 2010 BioForm Medical, Inc. (Nasdaq:BFRM) announced that the Board of Directors of BioForm Medical and the Merz Pharma Group Shareholders Council have unanimously approved a definitive agreement.
Alcon, Inc. Buyout Offer Under Shareholder Investigation - Novartis AG (NYSE: NVS) announced to acquire the shares in Alcon, Inc. it does not already own, or the remaining approximate 23 percent of the outstanding publicly-held shares.
MetroPCS Communications, Inc. Hit by Shareholder Lawsuit - An investor in MetroPCS Communications, Inc. (Public, NYSE:PCS) has filed a lawsuit in the United States District Court for the Northern District of Texas on behalf of purchasers of MetroPCS Communications Inc. (NYSE:PCS) common stock during the period between February 26, 2009 and November 4, 2009, against MetroPCS Communications, Inc.
Sauer-Danfoss Inc. Shareholder Investigation Concerning Unfair Takeover - On December 22, 2009 Danfoss A/S ("Danfoss") announced that, through its wholly owned subsidiary Danfoss Acquisition, Inc., it intends to launch a cash tender offer for all of the outstanding shares of common stock of Sauer-Danfoss Inc. (NYSE: SHS) not already owned by Danfoss A/S and its subsidiaries.