Conagra Brands Inc. faces a shareholder derivative alleging the company’s top officers withheld wrongfully withheld information about internal issues spurred by its acquisition of Pinnacle Foods Inc.
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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.
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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 moreAccusing besieged utility Pacific Gas and Electric of dragging its feet in resolving its bankruptcy, a group of bondholders proposed a $30 billion restructuring plan Tuesday that will fully compensate wildfire victims and give certain groups the right to select PG&E board members.
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(CN) – Shareholders of cloud platform technology developer Pivotal Software Inc. claim in a class action that the company issued
Read moreThe Delaware Chancery Court threw out a motion brought by Goldman Sachs that sought to dismiss a shareholder lawsuit accusing the firm of grossly overpaying its directors.
Read moreInvestors who blame Facebook’s Cambridge Analytica scandal on lax oversight from the top persuaded a judge Thursday to let them inspect the books.
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(CN) – In the aftermath of the fatal Ethiopian Airlines crash, Boeing investors filed a class action against the aerospace
Read more(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.
Read moreUnexpectedly arriving to federal court to face contempt allegations Thursday, tech billionaire Elon Musk had good reason to smile for the cameras after proceedings let out.
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(CN) – The Securities Exchange Commission claims in court that now-defunct Corinthian Colleges Inc. incurred unnecessary long-term debt in order
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(CN) – The Delaware Superior Court ruled in favor of media giant Viacom after former shareholders of Harmonix Music Systems, a video game company, filed suit following Viacom’s acquisition of the game developer in 2006.
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(CN) – Shareholders claim in a class action that a fire ravaged one of Venator Material’s overseas facilities beyond repair
Read moreA federal judge in Houston was correct to call pipeline spills unremarkable and investors should take them as no surprise either, an attorney for a pipeline company told a Fifth Circuit panel Wednesday.
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Dell Technologies Inc. faces a shareholder class action challenging an allegedly “unfair and coerced transfer of at least $10 billion
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A Delaware judge sided with Papa John’s founder and former chairman John Schnatter, granting him access to company documents he has been requesting since his resignation.
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Investors claim in a stockholder derivative complaint against Allegiant Travel Company that the airline dangerously prioritized profit over safety while
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Campbell Soup Company is facing a shareholder class action after the company racked up millions in operating losses in its
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Cybersecurity provider Symantec Corp. manipulated the company’s financial results and made false statements to investors until news of an Securities
Read moreThe Fifth Circuit Court of Appeals agreed to rehear an action by Fannie Mae and Freddie Mac shareholders after a divided three-judge panel concluded that the Federal Housing Finance Agency (FHFA) was unconstitutional.
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