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IBEW Local 98 Pension Fund et al v. Best Buy Co., Inc. et al
Case Number:
0:11-cv-00429
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Baillon Thome
- Best & Flanagan
- Ciresi Conlin
- Halunen Law
- Kessler Topaz
- Lockridge Grindal
- Reinhardt Wendorf
- Robbins Geller
- Robins Kaplan
- Simpson Thacher
Companies
Sectors & Industries:
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March 08, 2019
Best Buy Escapes Investors' Stock-Drop Suit
A Minnesota federal judge on Friday let Best Buy out of a stock-drop suit, saying the investors that brought the case fell short on showing they relied on a conference call containing alleged misstatements in deciding to buy its stock.
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December 10, 2018
Best Buy Investors Fight To Keep Stock-Drop Suit Alive
Best Buy investors challenged the electronics retailer's bid to win their stock-drop class action in Minnesota federal court Friday, arguing its sole grounds for summary judgment is the shareholders' alleged inability to prove reliance on misleading information, yet the investors have been prevented from presenting new evidence to that effect.
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June 23, 2017
Best Buy Investors Denied 2nd Shot At Class Certification
A Minnesota federal court on Friday refused to give Best Buy shareholders another chance at certifying their stock-drop class action after the Eighth Circuit ruled last year that the retailer's share price wasn't impacted by its executives' statements on a conference call.
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January 23, 2017
Best Buy Investors Want To Show Price Impact Evidence
Best Buy shareholders urged a Minnesota federal judge Friday to allow evidence that alleged securities law violations committed by the retailer's executives caused its stock price to drop, following the Eighth Circuit's decision last year to decertify a class of investors over opposing evidence from Best Buy.
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October 14, 2016
Decertified Best Buy Investors Won't Seek High Court Review
Best Buy shareholders accusing the retailer's executives of securities law violations have decided not to petition the U.S. Supreme Court for review of the Eighth Circuit's decision to reverse a Minnesota federal judge's class certification order.
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August 06, 2014
Best Buy Shareholders Win Cert. In Securities Class Action
A Minnesota federal judge on Wednesday certified a class of investors suing Best Buy Co. Inc. and top executives, alleging the company misled shareholders about performance and expectations resulting in artificially inflated share prices during a three-month period in 2010.
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August 05, 2013
Share Forecast Claims Trimmed In Best Buy Securities Action
A Minnesota federal judge Monday pared down a proposed securities class action accusing Best Buy Co. Inc. and top executives of misleading shareholders about its performance and expectations, finding certain statements about a projected earnings per share increase are protected by safe harbor.
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March 20, 2012
Best Buy Dodges Securities Class Action Over Stock Crash
Best Buy Co. Inc. on Tuesday escaped a putative class action claiming the company misled shareholders about its performance and share price expectations, when a Minnesota federal judge ruled there was no evidence the company had knowledge making its statements false or misleading.