Court Tosses Suit Over Self-Reported Exec Misconduct at LendingClub

A derivative action against online loan platform LendingClub Corp. alleging that the company’s board of directors breached its fiduciary duties was dismissed in Delaware Chancery Court  after investors failed to prove that the board acted in bad faith after self-reporting misconduct to the Securities and Exchange Commission. 

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Earthstone Energy Shareholders Score Partial Victory in Delaware Supreme Court

(CN) – The Delaware Supreme Court ruled in favor of oil and gas firm Earthstone Energy Inc., tossing shareholders’ claims that the company misled them into approving an unfair transaction between Earthstone and Bold Energy III LLC, but the court stopped short from killing the case altogether.

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Google Class Action

Alphabet shareholders claim in a federal derivative class action that directors of the company failed for six months to disclose a data breach affecting nearly 500,000 Google Plus users, causing the share price to drop by 15 percent in October 2018 as U.S. senators questioned the company’s compliance with a 2011 FTC consent decree.

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