On Tuesday lawyers representing Sun Trust shareholders filed a class action charging that they did so pursuant based on a false and misleading registration statement and prospectus. The defendants are said to have sold 27.6 million units of the securities at $25 per share, for proceeds of over $690 million.
In November 2008, SunTrust received $3.5 billion in funds from the Troubled Asset Relief Program and an additional $1.4 billion in December 2008.
Then on January 22, 2009, when SunTrust released its earnings for the fourth quarter of 2008, SunTrust reported its first quarterly loss in at least two decades, cut its …read more

Angela Hoy Angela Hoy, Publisher of BookLocker and Publisher and Editor of WritersWeekly.com, and our heroine who has launched a class action suit against Amazon over the online bookstore’s insistence that self-publishers use their POD printer, BookSurge, was interviewed by Publishing Insiders along with Eric Kampmann, Founder President of Beaufort Books and CEO of Midpoint Trade Books, about the law suit and about the future of Print On Demand, Amazon, and publishing in general.
You can listen to the broadcast at BlogTalkRadio, and if you’ve got any interest in self-publishing and print on demand at all this is a must-hear interview.
Book …read more

BookLocker Files Class Action Lawsuit Against Amazon.com is the headline at BookLocker’s new blog, Amazon BookSurge Antitrust Lawsuit Clearinghouse, devoted to the suit.
The suit is, of course, in response to Amazon.com’s efforts to make print on demand publishers who wish to be listed on the online bookseller’s site use their POD printer, BookSurge, exclusively. You’ll find a series of posts about this issue here as I’ve tried to track this issue.
Here, with permission, is the whole article:
BookLocker.com has filed a class action lawsuit against Amazon.com in response to Amazon’s recent attempts to force all publishers using Print on Demand (POD) …read more