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Case Status:   
On or around 06/12/2017 (Remanded)

Filing Date: November 18, 2016

According to the Complaint, on or around April 11, 2014, Ally conducted the Offering, selling 95,000,000 shares of Ally common stock at a price of $25 per share.

The Complaint alleges the Registration Statement was negligently prepared and, as a result, contained untrue statements of material facts, or omitted to state the facts necessary to make the statements not misleading, and was not prepared in accordance with the rules and regulations governing its preparation.

On May 26, 2017, the Court granted a Motion to remand this case to the Wayne County Circuit Court.


Sector: Financial
Industry: Consumer Financial Services
Headquarters: United States


Ticker Symbol: ALLY
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. Michigan
DOCKET #: 16-CV-14104
JUDGE: Hon. Gershwin A. Drain
DATE FILED: 11/18/2016
CLASS PERIOD END: 11/18/2016
  1. Fink + Associates Law
  2. Scott + Scott LLP (NY)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available