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Lingley et al v. Seeking Alpha Inc.
Case Number:
1:23-cv-05849
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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August 15, 2024
Investing Website Isn't An Investment Adviser, Court Says
A New York federal judge ruled Thursday that an exclusion to the Investment Advisers Act applies to the investing analysis website Seeking Alpha, dismissing a proposed class action from subscribers who accused the site of serving as an unregistered investment adviser and unlawfully collecting subscription fees.
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October 18, 2023
No Advisory Contract, No Class Action, Seeking Alpha Says
Investing analysis website Seeking Alpha urged a New York federal judge Tuesday to dismiss a suit accusing it of improperly collecting $40 million in annual subscription revenue because it's not registered as an investment adviser, saying there is no investment advisory contract between it and its subscribers.
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July 11, 2023
Seeking Alpha Unlawfully Advises Investors, Suit Says
Investing analysis website Seeking Alpha Inc. has been hit with a proposed class action by a pair of subscribers to its premium service who claim the company must register as an investment adviser and has improperly been collecting more than $40 million in subscription revenue annually.