AMP to Pay $80 Million to Settle Class Action Over Pension Fees September 15, 2025 By Amy Bainbridge AMP Ltd. has agreed to pay A$120 million ($80 million) to settle a class action alleging the financial group charged...
South Korean E-Commerce Giant Coupang Wins US Dismissal of IPO Lawsuit September 11, 2025 By Jonathan Stempel Coupang, the e-commerce company often called the Amazon of South Korea, won the dismissal on Wednesday of a lawsuit claiming...
Peloton Must Face Shareholder Lawsuit Over Post-Pandemic Outlook August 28, 2025 By Jonathan Stempel Peloton Interactive must face a lawsuit claiming it defrauded shareholders by masking excess inventory of its home exercise equipment as...
Tesla, Musk Sued by Shareholders Over Robotaxi Claims August 5, 2025 By Jonathan Stempel Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that...
HP Lost £730 Million After Buying Mike Lynch’s Autonomy, Judge Says July 22, 2025 By Jonathan Browning Hewlett Packard Enterprise Co. lost around £730 million ($985 million) after it bought Mike Lynch’s firm Autonomy Corp., a London...
Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules December 5, 2024 By Mike Scarcella Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders...
Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims October 23, 2024 By Jonathan Stempel Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy...
US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit June 10, 2024 By John Kruzel The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s Facebook to scuttle a private securities fraud...
FTX Investors Settle With Bankman-Fried to Pursue Promoters April 22, 2024 By Ava Benny-Morrison and Jef Feeley A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for...
Meta Seeks Dismissal of Shareholder Suit Alleging Failure to Address Human Trafficking March 8, 2024 By Randall Chase Attorneys for Meta Platforms and several of its current and former leaders, including founder Mark Zuckerberg, are asking a Delaware...