shareholders News

Chemours Shareholder Suit Over DuPont Spinoff Liabilities Dismissed

A Delaware judge dismissed a suit by Chemours Co. shareholders alleging directors misled them about the company’s financial health and legal liabilities when it was spun off from a predecessor of DuPont de Nemours Inc. Chemours shareholders can’t show misleading …

Wells Fargo Must Face Shareholder Fraud Claims Over its Recovery From Scandals

NEW YORK — A federal judge on Thursday rejected Wells Fargo & Co’s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. …

Twitter Seeks to Settle 2016 Class Action Lawsuit For $800M

Twitter Inc said on Monday it would pay $809.5 million to settle a shareholder class action lawsuit accusing the social media company of deceiving investors about how often people used its platform. The settlement resolved a case that had been …

Cognizant Reaches $95M Settlement With U.S. Shareholders Over Bribery Allegations

Cognizant Technology Solutions Corp has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to officials in India. A preliminary settlement of the proposed class action was filed …

Bristol-Myers Is Sued for $6.4 Billion Over Delayed Cancer Drug

NEW YORK — Bristol Myers Squibb Co was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid payments to shareholders of the former Celgene Corp, which the drugmaker bought in 2019. According to a …

CoreCivic to Settle Shareholders Lawsuit for $56 Million

NASHVILLE, Tenn. (AP) — CoreCivic says it will pay $56 million to settle a lawsuit by shareholders who accused the private prison operator of inflating its stock prices by misrepresenting the quality and value of its services. The lawsuit was …

D&O Insurer Ordered to Pay $12M in Dole Corp. Stockholder Flap

The Delaware Supreme Court ruled Wednesday that RSUI Indemnity Co. must pay $12,321,096 to Dole Corp. toward the cost of a legal settlement with former shareholders who alleged they were cheated out of potential profits when executives manipulated the stock …

CoreLogic to Hold Takeover Talks With CoStar, Warburg

CoreLogic Inc. is in discussions with CoStar Group Inc. and a consortium consisting of Warburg Pincus and GTCR about a potential takeover, valuing the company at more than $80 a share, according to a person familiar with the matter. CoStar …

An Activist Investor Crusades Against Forced Arbitration at Tesla

When Tesla Inc.’s shareholders gather September 22 for their annual meeting, Kristin Hull will have roughly three minutes to make the case against the company’s use of mandatory arbitration for employee sexual harassment and racial discrimination claims. Hull is the …

Ryanair Must Face U.S. Shareholder Lawsuit Over Unionization Comments

NEW YORK — Ryanair Holdings Plc and Chief Executive Michael O’Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe’s largest budget airline of defrauding them by downplaying its willingness to recognize labor unions. While …