shareholders News

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 …

PG&E Fire Victims Warn Market Turmoil Endangers Their Settlement

Market turmoil from the coronavirus is spilling into the bankruptcy of California power giant PG&E Corp. Victims of wildfires blamed on PG&E’s equipment are concerned the sell-off on Wall Street could hobble stock payments that make up half of a …

Bayer Cools Prospect Of Imminent Glyphosate Settlement

German drugs and pesticides company Bayer was at pains on Thursday to quell expectations it was nearing an out-of-court settlement laying to rest claims its glyphosate-based cause cancer. Bayer said after publishing its earnings outlook for 2020 it was in …

Daimler, BMW Exiting North American Car-Sharing Market, Cutting in Europe

WASHINGTON — BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market, with the joint venture partners halting operations in Montreal, New York, Seattle, Washington, D.C., and Vancouver, as they focus on the European …

Judge Strips PG&E of Exclusive Control Over Recovery Plan

California power giant PG&E Corp. was stripped of its right to exclusively pitch a reorganization plan in court, escalating an already-heated battle over the largest utility bankruptcy in U.S. history. The shares dropped more than 25% in after-hours trading. U.S. …