stockholder lawsuit News

Delaware High Court Upholds Blockbuster $267 Million Legal Fee in Dell Lawsuit

Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies DELL.N, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall. The fee is …

Supreme Court Agrees to Hear Goldman Stock Price Class Action

The U.S. Supreme Court on Friday agreed to hear Goldman Sachs Group Inc.’s appeal in a securities fraud case that could redefine the ability of shareholders to pursue class actions against public companies whose stock prices fall. Goldman is appealing …

Investors, Bondholders Sue Occidental Over Anadarko Merger

Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp. The …

Judge Dismisses Stockholders’ Suit Against Martha Stewart

A Delaware judge has dismissed a class-action lawsuit filed by former stockholders of Martha Stewart Living Omnimedia over the company’s 2015 acquisition by Sequential Brands. The lawsuit said that Stewart leveraged her position as controlling stockholder to secure greater consideration …