securities lawsuits News

SEC Eases Path for Companies to Nix Shareholder Proposals

The Securities and Exchange Commission released new guidelines making it easier for corporations to block votes on shareholder proposals at their annual meetings. Under the new policy, regulators will determine whether a proposal affects at least 5% of a company’s …

Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules

Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John …

Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits

The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies …

Dish Network in Talks With Investors to Settle Lawsuit

Dish Network Corp., the ailing satellite-TV provider with more than $20 billion in debt, is in talks with a group of creditors to resolve a lawsuit tied to a controversial transfer of assets. A meeting between the company and investors …

Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets

A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company private. Plaintiffs had claimed …

‘Wave’ of Lawsuits Over FTX Expected, but Investors Will Face Legal Hurdles

A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange, though the cases will face obstacles including proving that U.S. …

Investors’ Suit Alleges Firm Inflated Stock with Misleading Claims About Its Covid Test

An investor lawsuit against a Utah company alleges its principals falsely claimed its coronavirus diagnostic test was “100% accurate” and before doubts about the claim became widely reported, directors and officers of the company were selling off their own stock …

Willis Towers Watson Faces Shareholder Lawsuits in U.S. Over Sale to Aon

There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors breached their fiduciary duties under U.S. securities laws by …

Why Not Much Change in Securities Class Actions?

Plaintiffs brought 85 federal class action securities cases in the first half of this year, or seven fewer than they did last year. The 85 filings in the first six months of 2015 falls 10 percent below the semiannual average …

AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement

American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in securities lawsuits for the preparation of “event studies.” The endorsement …