Shareholder Class Action

IBasis failed to inform investors of the extent of its stock options grants to insiders, shareholders claim in Middlesex County Court, Boston.           Maxxam is unfairly cashing out holders of fewer than 250 shares in a coercive “Going-Dark Plan,” that will leave them “with an illiquid interest in the company which will no longer be required to make any regular financial disclosures,” a class action claims in Delaware Chancery Court.