December 05, 2013
A New York federal judge said Thursday that sanctions must be imposed against counsel from Wolf Haldenstein Adler Freeman & Herz LLP who filed an allegedly frivolous consolidated securities class action claiming AOL Inc. bought millions of its shares at artificially depressed prices before announcing a $1 billion patent sale.
August 19, 2013
A New York federal judge on Monday tossed a consolidated securities class action suit claiming AOL Inc. bought millions of its own shares at artificially depressed prices before announcing a $1 billion patent sale, saying the plaintiffs' claims amount to little more than an unsubstantiated conspiracy theory.
October 30, 2012
AOL Inc. on Friday in New York federal court blasted a consolidated securities fraud suit accusing it of buying millions of its own shares at artificially depressed prices before announcing a billion-dollar patent sale, saying it's based on a blogger's unsubstantiated reporting and lacks substantial allegations.
May 04, 2012
An investor hit AOL Inc. with a proposed securities class action Thursday claiming the Internet giant purchased millions of its own shares at artificially depressed prices prior to announcing a billion-dollar patent deal in April that sent stock prices soaring.