Emulex shareholders says board members unreasonably rejected a buyout offer from Broadcom at $9.25 a share, a 40% premium, but created golden parachutes for themselves, at shareholders' expense, in case the deal goes through, in Delaware Chancery Court.
Liz Claiborne inflated its share price from February through April 2007 with false and misleading statements, shareholders claim in Manhattan Federal Court.
General Electric and its CEO Jeffrey Immelt inflated its share price from Dec. 16, 2008 through Feb. 27, 2009, with false and misleading statements, shareholders claim in Manhattan Federal Court.
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