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,...
Tesla Investors to Get About $12,000 Apiece in Musk’s SEC Deal August 25, 2023 By Bob Van Voris A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred...
Allstate Agrees to Settle With Shareholders for $90 Million August 17, 2023 By Chad Hemenway To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million...
Deutsche Bank in $26.3M Shareholder Settlement Over Epstein, Russian Oligarch Ties September 26, 2022 By Jonathan Stempel Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax...
Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid May 27, 2022 By Luc Cohen and Tom Hals Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief...
Court Says Musk Recklessly Tweeted ‘Funding Secured’ for Taking Tesla Private May 11, 2022 By Hyunjoo Jin A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless,...
Apple Faces Shareholder Class-Action Suit over CEO’s China Sales Comments November 6, 2020 By Jonathan Stempel Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of...
Trump’s SEC Considering Shielding Companies from Investor Class Action Suits January 29, 2018 By Ben Bain In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive...
QBE Insurance Settles Shareholder Class Action in Australia for US$103.2M December 29, 2017 By L.S. Howard QBE Insurance Group Ltd. has agreed to pay A$132.5 million (US$103.2 million) to settle a shareholder class action in Australia....
Delaware Bans ‘Loser-Pays’ Fee-Shifting Bylaws in Corporate Class Actions June 26, 2015 By Tom Hals Delaware’s governor has signed into law a ban on companies adopting rules that could force investors who bring and lose...