Shareholders sued Slack Technologies in a class action, claiming it made misrepresentations in its IPO announcement and registration, and the share price fell from $38.50 on opening day of June 20 to less than $26 today — a loss of $1.48 billion in market cap, in San Mateo County Court.
Read moreShareholders claim in a federal class action that Meredith Corp. made false and misleading statements in its $2.8 billion acquisition of Time, Inc.
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(CN) – Caesars Entertainment is set to be acquired by Eldorado Resorts for $17.3 billion in cash and stock to
Read moreA federal class action claims directors are selling Carbon Black (cybersecurity) on the cheap to VMware, for $26 a share — $2.1 billion.
Read moreA shareholder class action claims in federal court that directors are selling Caesar’s Entertainment Corp. on the cheap to Eldorado Resorts, for $8.40 per share and 0.0899 shares of Eldorado common stock for each Caesars common share, a $17.3 billion deal.
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Greenlane Holdings, one of North America’s largest sellers of cannabis accessories and liquid nicotine products, has been hit with a securities class action alleging the company and underwriters misled the public about its April 2019 initial public offering by withholding crucial information about a key supplier.
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A shareholder class action alleges Hewlett Packard misled investors when it joined its enterprise services business segment with Computer Science Corporation Inc. to form DXC Technology Company.
Read moreGenesee & Wyoming shareholders claim in a federal class action that directors are selling the short-line railroad company too cheaply through an unfair process to Brookfield Infrastructure, for $112 per share or $6.5 billion.
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Joining a long list of complainants against pharmaceutical giant Teva Pharmaceuticals and similar drug makers, Israel’s largest pension fund manager claims in a class action that Teva colluded with competitors to exorbitantly raise the price of generic drugs over the past five years.
Read moreDirectors are selling El Paso Electric Co. too cheaply through an unfair process to Sun Jupiter Holdings, for $68.25 a share or $4.3 billion, shareholders say in a federal class action.
Read moreDirectors are selling Sotheby’s too cheaply through an unfair process to BidFair USA, for $57 a share or $3.7 billion, shareholders say in a federal class action.
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Diebold Nixdorf and two of its top officers face a shareholder class action for allegedly withholding information about the company’s business operations as well as disseminating misleading statements that preceded a 23 percent drop in Diebold shares last year.
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Investors claim in a class action that U.K.-based health conglomerate Reckitt Benckiser Group PLC engaged in a multibillion-dollar scheme to facilitate opiate usage and abuse among U.S. consumers, generating over $3 billion in proceeds by allegedly misleading consumers and investors about risks of the company’s Suboxone film and Suboxone tablets, prescription drugs used to treat opioid addiction.
Read moreDirectors are selling Tableau Software too cheaply through an unfair process to Salesforce.com, in a stock swap of 1.1 Salesforce share for each share of Tableau, a $15.3 billion deal, shareholders claim in a federal class action.
Read moreDirectors are selling Array BioPharma too cheaply through an unfair process to Pfizer, for $48 a share or $10.6 billion, shareholders claim in a federal class action.
Read moreDismissing a class action against Arconic Inc., a federal judge found no showing that Arconic knew its paneling would be improperly used on the exterior cladding of the Grenfell Tower in London.
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(CN) – Shareholders of cloud platform technology developer Pivotal Software Inc. claim in a class action that the company issued
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(CN) – Shareholders claim in a class action that digital printing technology firm Electronics for Imaging Inc. filed an incorrect
Read moreDirectors are selling Zayo Group Holdings too cheaply through an unfair process, for $35 a share or $14.3 billion, shareholders of the bandwidth-infrastructure company claim in federal class action.
Read moreDirectors are selling Buckeye Partners too cheaply through an unfair process to IFM Global Infrastructure Fund, for $41.50 a share or $10.3 billion, shareholders of the oil and gas storage and transport company claim in a federal class action.
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