investor lawsuit News

Judge Rules Former CBS Shareholders Can Sue Over ViacomCBS Merger

A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc. Vice Chancellor Joseph …

Investors Sue Deutsche Bank, Executives Over Compliance Fine Linked to Epstein

FRANKFURT/NEW YORK— Investors are suing Deutsche Bank and its CEO Christian Sewing, alleging the bank made false and misleading statements before it agreed to pay a $150 million fine for compliance failures linked to disgraced financier Jeffrey Epstein. The lawsuit …

Supreme Court Upholds But Curbs SEC’s Power to Force Ill-Gotten Gains in Fraud Cases

The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts. The court reaffirmed the agency’s …

Musk Holds Out As Other Tesla Directors Settle Investors’ SolarCity Claims for $60M

All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to people familiar with the deal. Insurers covering Tesla’s directors and executives will …

Exxon Faces Trial Over Claim It Misled Investors About Climate Change Risks

Exxon Mobil Corp. on Tuesday will face trial in a lawsuit by New York’s attorney general accusing it of misleading investors about the risks of climate change regulations to its business. The trial, expected to begin before Justice Barry Ostrager …

Investors Sue Lyft, Alleging IPO ‘Overhyped’

Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price. Two separate class-action complaints against Lyft, as well as its …

More Compensation Disclosure Doesn’t Settle Goldman Investor’s Claim

A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm. The investment …

First Facebook Investor Suit Filed Over Plunge in Shares

Facebook Inc. and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth. …

Investor Lawsuit Against SeaWorld Dismissed

A judge in southern California has dismissed a securities fraud lawsuit brought by investors in SeaWorld Entertainment, Inc. who claimed company officials misled them about the impact of the documentary “Blackfish” on the company’s financial performance and attendance at its …

Shareholders Sue Trinity Over Guardrail Safety Disclosure

Trinity Industries Inc. was sued by shareholders alleging the company failed to disclose it made changes to its guardrail safety system without government review. At least two lawsuits were filed in federal court in Dallas accusing the company of making …