Category Archives: Shareholder Disputes
Shareholder Litigation: Amazon Prevails In Proposed Biometric Privacy Lawsuit
According to a report from Bloomberg Law, Amazon has prevailed in a key procedural matter in a BIPA lawsuit filed by a shareholder. A plaintiff shareholder sought to open up an investigation into the company over possible violations of state biometric lawsuits—specifically the Illinois Biometric Information Privacy Act. The plaintiff alleged damage to their… Read More »
Does A Court Have To Hear A Shareholder Derivative Lawsuit In Florida?
A shareholder derivative lawsuit is a legal action initiated by one or more shareholders of a company on behalf of the company against a third party, typically its officers and directors, for alleged wrongdoing. In a derivative lawsuit, the shareholder acts as a representative of the company and brings the lawsuit against the alleged… Read More »
Florida Court Backlog Leads To Spike In Alternative Dispute Resolution (ADR); Could Be A Good Option For Shareholder Disputes
According to a report from Law.com, there is a serious backlog in the courts in Florida. Driven by the fallout from COVID-19 related delays and a wide range of other factors, many legal observers expect it to take several years to clear the backlog. One consequence of the court backlog is that more parties… Read More »
Wells Fargo Agrees To Pay $300 Million To Resolve Shareholder Lawsuit
According to a report from Fox Business, Wells Fargo—the San Francisco-based financial services giant—has agreed to pay approximately $300 million to settle a shareholder lawsuit. The settlement is focused on issues related to auto insurance disclosures. Wells Fargo was sanctioned by U.S. regulators for consumer protection violations related to its auto insurance business. Here,… Read More »
Activision Prevails In Shareholder Lawsuit Over Alleged Workplace Discrimination
According to a report from Courthouse News Service, Activision—the Santa Monica, CA based video game publisher—has prevailed in a shareholder lawsuit. The claim, which was filed by a group of pension funds based in New York State, alleged that the company engaged in workplace discrimination—thereby damaging their financial interests. The lawsuit was dismissed on… Read More »
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 »
