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Wednesday, April 23, 2025

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Shareholder Class Action

Revlon shareholders say Ronald Perelman and the company he controls, MacAndrews & Forbes Holdings, is buying up all outstanding shares of Revlon too cheaply – at a 5% discount to the closing price on the day before the sale was announced, in Delaware Chancery Court.           Shareholders in Hiland Partners and Hiland Holdings, a natural gas company, say Chairman of the Board Harold Hamm and others are trying to buy out the company for grossly inadequate consideration, in Delaware Chancery Court.           RBC Capital Markets helped Franklin Bank inflate its share price through false and misleading statements, Franklin shareholders claim in Houston Federal Court.           Sequenom inflated its share price through false and misleading statements about its prenatal Down syndrome test, shareholders claim in San Diego Federal Court.           Shareholders say Castle Harlan Inc. diluted their shares in The Restaurant Co. in a self-dealing transaction, in Delaware Chancery Court.

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