Markets Shine as Biden Administration Dawns, With Clouds on the Horizon
Wall Street kept the party rolling while political control in the Capitol shifted, posting fresh highs even as worries linger over a slow rebound.
Read moreWall Street kept the party rolling while political control in the Capitol shifted, posting fresh highs even as worries linger over a slow rebound.
Read moreA federal court in New York denied “Pharma Bro” Martin Shkreli’s request for either “compassionate release” from prison or a sentence reduction.
Read moreA federal judge approved a $12 million cash settlement in a securities fraud suit against laser printer manufacturer Lexmark International for improperly reporting its supplies growth.
Read moreThe New York Stock Exchange is going ahead with plans to delist shares of three Chinese state-owned phone carriers under an executive order from President Donald Trump, reversing course just days after saying they wouldn’t be delisted.
Read moreThe New York Stock Exchange has withdrawn plans to delist shares of three Chinese state-owned phone carriers. The shares were to be removed under an order from President Donald Trump, a move Beijing had warned might lead to retaliation.
Read moreShareholders of Austin-based software firm SolarWinds claim in a federal class action lawsuit filed Monday that management misled investors by failing to disclose in public filings software vulnerabilities that ultimately led to a massive hack that affected over 18,000 private and government clients.
Read moreA shareholder derivative complaint filed in federal court in Nevada Monday alleges Sheldon Adelson, and other directors, officers and controlling shareholders of Las Vegas Sands Corp., filed misleading proxy statements and caused the company to repurchase more than $2 billion worth of its own stock at artificially inflated prices.
Read moreShareholders of Poland-based CD Projekt, creators of the video game Cyberpunk 2077, sued the company over the disastrous, unplayable — and ultimately recalled — release, which they say fell far short of the company’s nearly yearlong hype.
Read moreJust one day after facing a groundbreaking suit over fiduciary duty, the stock-trading app Robinhood Financial reached a federal settlement Thursday over a practice said to have cost customers tens of millions of dollars.
Read moreRobinhood Financial, the high-flying stock-trading app that’s hugely popular among millennials, was hit with a consumer-protection suit Wednesday by the state of Massachusetts.
Read moreIn many ways echoing last year’s Consumer Financial Protection Bureau challenge, shareholders of Fannie Mae and Freddie Mac took on the authority of the federal agency that oversees the mortgage giants Wednesday in a Supreme Court battle implicating billions of dollars.
Read moreThe Nasdaq stock exchange is seeking U.S. authority to require more diversity in the boardrooms of Nasdaq-listed companies, or to explain why they can not.
Read moreA federal court in New York dismissed a securities class action against Weight Watchers. Stockholders claim the company misled them by failing to disclose that its new business model relied upon the recruitment of lapsed members and that it had “abandoned its practice” of releasing program innovations at the end of each year.
Read moreLawsuits filed in Tennessee accused then-CEO David Perdue and the rest of Dollar General’s board of directors of breaching their fiduciary duties to shareholders, failing to disclose details about the deal and placing their personal interests ahead of those who held stock in the company.
Read moreThe IRS uncovered $2.3 billion in tax fraud during the 2020 fiscal year, according to an annual report released by the agency on Monday.
Read moreA federal judge dismissed securities fraud claims against Overstock.com related to its issue of a digital dividend. There is no evidence that officers of Overstock made any intentional misrepresentations regarding the online retailer’s 2019 financial projections.
Read moreEmbattled Chinese chain Luckin Coffee is among a raft of 45 companies hit with a combined fine of nearly $9 million over a scandal involving false sales figures, China’s market regulator said Tuesday.
Read moreWith its electric and hydrogen-fueled trucks, the firm Nikola aims to revolutionize the future of the transportation sector. But with one investor claiming the group is running on empty, it has been having a rollercoaster ride on the stock exchange for the past week.
Read moreThe pioneer of Pullman Bonds, which are tradable securities backed by future royalties to musical recordings and compositions, claims in a federal complaint that the Isley Brothers sold rights to their songs behind their back after Pullman had negotiated exclusive rights to the songs in the late ’90s to save the band and its members from financial ruin.
Read moreA federal court in California dismissed part of the Securities and Exchange Commission’s suit against Volkswagen arising from the Dieselgate emissions scandal, finding that the Department of Justice “had the power to and did release” the agency’s civil claims arising out of asset-backed securities offerings.
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