Shareholder Derivative | Courthouse News Service
Tuesday, November 28, 2023
Courthouse News Service
Tuesday, November 28, 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.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...