$6.4 Billion Suit Claims Bristol-Myers Delayed Cancer Drug to Avoid Shareholder Payment June 4, 2021 By Jonathan Stempel Bristol Myers Squibb Co. was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid...
Judge Rules Former Viacom Shareholders Can Sue Over ViacomCBS Merger January 5, 2021 By Jonathan Stempel A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a...
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...
Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet April 16, 2020 By Jonathan Stempel A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when...
Novo Nordisk to Fight Danish Shareholder Lawsuit Seeking $1.75 Billion August 19, 2019 By Nikolaj Skydsgaard Danish insulin-maker Novo Nordisk said it would fight a lawsuit filed in a Danish court on Friday which alleges the...
Shareholder Suit Alleges GE Hid Insurance Liabilities, SEC Probe February 20, 2018 By Jonathan Stempel and Alwyn Scott General Electric Co. was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and...
Wisconsin Biotech Firm, Promega, Files Counterclaim Suit Against Shareholders October 12, 2017 Promega Corp. and its founder are firing back at shareholders who sued the Wisconsin biotechnology company in 2016 for shareholder...
Wells Fargo C-Suite Must Face Shareholder Lawsuit Over Fake Accounts: Judge October 6, 2017 By Jonathan Stempel A federal judge said current and former Wells Fargo & Co. officers and directors, including Chief Executive Officer Tim Sloan,...
Delaware Judge Weighs D&O Insurer’s Obligation in Oracle Settlement January 10, 2014 Attorneys for Oracle Corp. are asking a Delaware judge to order an insurer to pay $20 million to cover attorney...
Apple CEO Cook Calls Lawsuit ‘Silly Sideshow’ February 13, 2013 Apple CEO Tim Cook calls a shareholder lawsuit against the company a “silly sideshow” but says he is open to...