Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger May 10, 2023 By Andrew G. Simpson A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled...
HP Must Face Shareholder Lawsuit Over Sales, Appeals Court Rules April 12, 2023 By Jody Godoy A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc. defrauded shareholders by secretly using unprofitable tactics to...
Paramount Global Settles Shareholder Suit for $122.5 Million March 6, 2023 By Jef Feeley Paramount Global settled an investor lawsuit tied to the controversial 2019 merger of CBS Corp. and Viacom Inc. that created...
Elon Musk Trial Opens to Decide Fate of His $56B Tesla Pay November 14, 2022 By Tom Hals A trial opened Monday over shareholder allegations that Tesla Inc Chief Executive Elon Musk’s $56 billion pay package was rigged...
Musk Looks to Delay Twitter Trial Following Whistleblower Claims August 31, 2022 By Ankur Banerjee and Hyunjoo Jin Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion...
Lyft Reaches $25 Million Settlement of Claims it Hid Safety Problems Before IPO June 20, 2022 By Jody Godoy and Jonathan Stempel Lyft Inc has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including...
Judge Rules for Elon Musk in $13 Billion Lawsuit Over Tesla-SolarCity Deal April 28, 2022 By Tom Hals Tesla Inc. Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in...
Judge Rejects ‘Gag Order’ for Elon Musk April 21, 2022 By Jonathan Stempel Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla...
U.S. Supreme Court Spurns Google Bid to Avoid Shareholder Lawsuit March 7, 2022 By Lawrence Hurley The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s attempt to nix a lawsuit by shareholders accusing the...
Judge Dismisses Chemours Shareholder Suit Over DuPont Spinoff Liabilities November 3, 2021 By Jef Feeley and Michael Leonard A Delaware judge dismissed a suit by Chemours Co. shareholders alleging directors misled them about the company’s financial health and...