Investors Claim Info Lacking on Cisco’s Bid for BroadSoft

A shareholder class action in Maryland demands revisions to the proxy statement for Cisco’s pending $1.9 billion buyout of business-communication firm BroadSoft because the document allegedly lacks key financial projections and an explanation of its discounted cash-flow analyses.

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Derivative Action Against Depomed as Senate Investigates Opioid Industry Practices

One of the top manufacturers of prescription opioids in the United States is being called out by investors for the company’s alleged role in fuelling the opioid epidemic, which launched a senate investigation and a one-day plummet in the company’s share price.

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