Target Must Face Shareholder Lawsuit Over Pride Backlash, US Judge Rules December 5, 2024 By Mike Scarcella Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders...
Barclays Reaches $19.5M Settlement Over Debt Sale Blunder December 4, 2024 By Jonathan Stempel Barclays agreed to pay $19.5 million to settle a lawsuit in Manhattan by shareholders who accused the British bank of...
Netflix Defeats Shareholder Lawsuit Over Growth Forecasts November 27, 2024 By Jonathan Stempel Netflix won the dismissal on Tuesday of a shareholder lawsuit accusing the streaming company of downplaying the impact on subscriber...
PE Firm Cornell Sued Over $345 Million Instant Brands Dividend November 14, 2024 By Jonathan Randles Cornell Capital LLC, the former owner of Instant Brands, was accused of misleading lenders about the company’s performance in order...
Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes November 12, 2024 By Jonathan Stempel Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions,...
FTX Sues Binance, Ex-CEO Zhao Seeking $1.8 Billion Clawback November 12, 2024 By Emily Nicolle FTX filed a lawsuit against Binance Holdings Ltd. and its former Chief Executive Officer Changpeng Zhao, seeking to claw back...
Meta’s Zuckerberg Not Liable in Lawsuits Over Social Media Harm to Children November 12, 2024 By Jonathan Stempel A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of...
US Judge Narrows Investor Lawsuit Against Rio Tinto Over Mongolian Mine November 8, 2024 By Jonathan Stempel A U.S. judge on Thursday dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO Jean-Sebastien Jacques...
US Supreme Court Mulls Facebook Bid to Escape Securities Fraud Suit November 7, 2024 By John Kruzel The U.S. Supreme Court grappled on Wednesday over a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit...
Facebook, Nvidia Ask US Supreme Court to Spare Them From Securities Fraud Suits November 5, 2024 By John Kruzel The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to...