Category Archives: Shareholder Disputes
Autonomous Trucking Company Faces Shareholder Lawsuit
According to a report from Law.com, Embark—an autonomous trucking company with a main headquarters in San Francisco, California—is facing a lawsuit from shareholders. The lawsuit alleges that materially misleading statements were made to investors. Here, our West Palm Beach shareholder dispute attorney discusses the allegations raised in shareholder lawsuit in more detail. Allegations Raised… Read More »
Can Shareholders Access All Corporate Records In Florida?
The right to access and inspect corporate records is one of the most fundamental rights that shareholders have in Florida. This raises an important question: Can a shareholder access every record held by the corporation? The short answer is no—although shareholders have broad inspection rights, there are limits on their ability to review corporate… Read More »
Home REIT Faces Lawsuit From Shareholders
According to a report from QuotedData, Home REIT—a real estate investment company—is facing a lawsuit from shareholders. The plaintiffs contend that corporate leadership of Home REIT made improper material misrepresentations to investors, including using funds in a manner that was contrary to their representations. The company’s publicly traded share price is down significantly over… Read More »
Preliminary Settlement: Dell Will Pay $1 Billion To Resolve Class Action Shareholder Lawsuit
According to a report from Reuters, Dell—the Texas-based technology giant—has agreed to pay approximately $1 billion as part of a class action shareholder lawsuit settlement. The settlement agreement, which still needs to be approved by the Delaware Chancery Court, comes after the company was accused of “short-changing” shareholders as part of a 2018 stock… Read More »
CV Sciences Prepared To Settle Shareholder Derivative Lawsuit
According to a report from Natural Product Insider, CV Sciences—a hemp industry and alternative health company with a main headquarters in California—is on the verge of settling a shareholder derivative lawsuit. The preliminary settlement of the derivative claim still needs to be approved by a federal judge in Nevada. Here, our West Palm Beach… Read More »
McKesson Corporation Will Pay Shareholders More Than $140 Million In Drug Pricing Case
According to reporting from Reuters, McKesson Corporation—a healthcare company with a main headquarters in Irving, Texas—will pay approximately $140 million to resolve a lawsuit brought by shareholders in a drug pricing case. The preliminary agreement still requires court approval. Here, our Miami shareholder dispute attorney highlights the key things to know about the lawsuit…. Read More »
Three Years Later, Court Allows Class Action Shareholder Lawsuit To Proceed Against Sonus
According to Reuters, the United States District Court for the District of Massachusetts will allow a class action shareholder lawsuit against Sonus Networks Inc.—the cloud-based communications company that went on to merge with Ribbon Communications US LLC—to proceed. The shareholder lawsuit is especially notable because it has been three years since the latest claim… Read More »
Credit Suisse Settles Major U.S. Shareholder Lawsuit
According to a report from Reuters, Credit Suisse—the multinational investment banking company with a main headquarters in Zürich, Switzerland—has reached a preliminary settlement in a U.S. shareholder lawsuit. The company will pay nearly $33 million to resolve a class action shareholder lawsuit. The settlement still needs the approval of a federal judge in New… Read More »
Goldman Sachs Reaches A Nearly $80 Million Settlement In A Shareholder Derivative Lawsuit
According to a report from Bloomberg Law, the investment banking company Goldman Sachs has agreed to pay nearly $80 million to resolve a shareholder derivative lawsuit. The dispute is related to a bribery scandal centered around the troubled and insolvent strategic management company 1Malaysia Development Berhad (1MDB). Within this article, our Miami shareholder dispute… Read More »
Four Things You Need To Know About Shareholder Disputes Under Florida Law
A shareholder of a corporation is an entity—an individual, a company, etc—that owns a stake in the business. Minority shareholders do not have direct control over how a business is operated. As a consequence, they have to put their faith into the hands of other parties. Disputes between corporations and their shareholders can arise… Read More »
