Tuesday, March 21, 2023 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Derivative

Directors of iStar Financial, a commercial real estate finance company, propped up its share price by false and misleading statements and when the truth came out the price dropped from $27 to $6, knocking more than $1.5 billion off its market capitalization, according to a derivative complaint in Manhattan Federal Court.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading...