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Tuesday, May 7, 2024 | Back issues
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Securities

Apple’s $490 million settlement needs some tweaking, judge says

A federal judge said the material terms of the proposed settlement are "satisfactory," but Apple and a class of investors must make some adjustments to the agreement before she'll approve it.

Judge dismisses Meta shareholder lawsuit claiming that directors’ obligations extend beyond company

They argued, for example, that Meta has prioritized profits while downplaying the detrimental effects of its products on society and the global economy.

Supreme Court rejects Elon Musk’s appeal over social media posts that must be approved by Tesla

The case stems from messages Musk posted on Twitter in 2018 in which he claimed he had secured funding to take Tesla private.

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Tesla posted record deliveries of more than 1.8 million electric vehicles worldwide in 2023, but the value of its shares has eroded quickly this year as EV sales have soften.

Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades

On Monday, Trump arrived at a New York court for the start of jury selection in his hush-money trial. It's the first trial of any former U.S. president.

Trump Media stock falls more than 21% after company discloses $58 million loss for 2023

Industry analysts have compared the fervor around Florida-based Trump Media to the meme stock craze, which notably boosted shares of struggling companies like GameStop.

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