Shareholder Class Action
WABCO directors are selling the auto parts company too cheaply through an unfair process to ZF Friedrichshafen AG, for $136.50 a share or $7 billion, shareholders claim in a federal class action.
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Boeing Proxy Failed to Mention Ethiopian Crash Catastrophe, Class Claims
(CN) – In the aftermath of the fatal Ethiopian Airlines crash, Boeing investors filed a class action against the aerospace
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In a shareholder class action, the Houston Municipal Employees Pension System claims that Conagra Brands inflated its share price by misrepresenting the performance of Pinnacle Foods in an $11 billion acquisition.
Read moreEarthstone Energy Shareholders Score Partial Victory in Delaware Supreme Court
The Delaware Supreme Court ruled in favor of oil and gas firm Earthstone Energy Inc., tossing shareholders’ claims that the
Read more$66 Billion Merger
Directors are selling SunTrust Banks too cheaply through an unfair process to BB&T Corp., in a 1 for 1.295 share stock swap valued at $66 billion, shareholders say in a federal class action.
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Judge Dismisses Shareholder Action Over Pharma Company’s Marketing of Opioid Treatment Drug
(CN) – A New York District judge granted pharmaceutical company Alkermes PLC’s motion to dismiss a shareholder class action alleging the company misrepresented sales figures and comparative effectiveness for a drug developed to treat opioid dependence.
Read moreMylan Rebate Suit Advances After New York Settlement
Two years after entering a $465 million settlement with New York over an EpiPen rebate scheme, Dutch pharmaceutical giant Mylan faces additional liabilities from its stockholders over similar conduct.
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Chinese Electric Car Maker NIO Inc. Faces Post-IPO Class Action Over Abandoned Factory Plans
(CN) – Chinese electric vehicle manufacturer NIO faces a class action alleging the company misled investors about a new manufacturing
Read moreFIFA Bribery Testimony Haunts Televisa in Class Action
When he implicated six FIFA media partners in 2017, a cooperating witness in the corruption scandal brought legal trouble to the doors of the largest mass-media company in the Spanish-speaking world.
Read more$11B Tech Merger
Shareholders claim in a federal class action that directors are selling Ultimate Software too cheaply through an unfair process to a group led by Hellman & Friedman, for $331.50 a share, or $11 billion.
Read moreClass Dismissed
A federal judge dismissed without prejudice a shareholders class action accusing directors of selling Gigamon too cheaply through an unfair process to Eliot Management, for $38.50 a share, or $1.6 billion.
Read more$4.8 Billion Merger
Directors are selling Spark Therapeutics too cheaply through an unfair process to Roche Holdings, for $114.50 per share or $4.8 billion, shareholders claim in a federal class action.
Read more$3.7 Billion Merger
Directors are selling Ellie Mae Inc. too cheaply through an unfair process to an affiliate of Thoma Bravo, for $99 a share or $3.7 billion, shareholders of the cloud-based mortgage finance company say in a federal class action.
Read moreTesla Shareholders Want Musk Cut Off From Twitter
Touting a class action they brought under seal, Tesla shareholders said Friday they are asking a judge to outfit Elon Musk with a Twitter muzzle.
Read more$74 Billion Merger
In a federal class action, shareholders say directors are selling Celgene Corp. too cheaply through an unfair process to Bristol-Myers Squibb, for $50 a share plus a 1-for-1 share swap, a $74 billion merger.
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Fracking Firm Touted ‘Extraordinary Turnaround’ as Demand Tanked, Class Claims
(CN) – FTS International Inc. stockholders claim in a class action that information about the company’s finances and operations was
Read moreTesla Merger
Shareholders claim in two federal class actions that directors are selling Maxwell Technologies too cheaply through an unfair process to co-defendant Tesla, for about $4.75 a share, or $218 million.
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Shareholders say in a federal class action that directors are selling Versum Materials too cheaply through an unfair process to Entegris. The $3.8 billion share-swap offers 1.12 shares of Entegris for each share of Versum, which supplies electronics materials.
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A federal class action claims that Stamps.com propped up its share price with false and misleading statements, and the price plummeted on Feb. 21 when the truth emerged, falling from $198 to $83.53.
Read moreSecurities
In a federal class action, a pension fund claims Conagra Brands misled investors about its “troubled” $10.9 billion acquisition of nonparty Pinnacle Foods, and that an $8.13 share price decline wiped out $2.3 billion in market capitalization.
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