Category Archives: Shareholder Disputes
Shareholder Litigation: Ryanair Settles Lawsuit Regarding Unionization Comments
According to a report from Reuters, Ryanair—the Ireland headquartered discount airline—has agreed to settle a shareholder lawsuit over comments a corporate executive made regarding the unionization of the workforce. Within this blog post, our Miami shareholder dispute attorney provides an overview of the Ryanair shareholder settlement. Ryanair Leadership Allegedly Misrepresented Willingness to Accept Worker… Read More »
What is the Florida Business Judgment Rule and How Does it Apply to Shareholder Litigation?
A minority shareholder puts faith in the hands of the officers, directors, and other decision makers of a corporation. When something goes terribly wrong, a shareholder may have a claim against the company. However, corporate officers and corporate directors have wide latitude to make business decisions. Shareholders take on certain inherent risks when investing… Read More »
Tentative Settlement: Apple and Shareholders Agree to Resolve “Batterygate” Case
According to a report from Bloomberg Law that was published on June 16th, 2023, Apple has reached a tentative agreement with its shareholders to resolve “batterygate.” The case was centered around a derivative lawsuit that was filed over an alleged Apple update that slowed down iPhones. The settlement still needs to be approved by… Read More »
Supreme Court Issues Ruling in Key Shareholder Rights Case
According to a report from Bloomberg Law News, the Supreme Court of the United States issued an instructive ruling in the shareholder rights case of Slack Technologies, LLC v. Pirani. In partially overruling the Ninth Circuit Court of Appeals, the nation’s highest court limited the ability of shareholders to file certain lawsuits. Within this… Read More »
Wells Fargo Agrees to $1 Billion in Shareholder Lawsuit
According to a report from The Washington Post, Wells Fargo—the massive San Francisco-based financial services company—has agreed to pay out approximately $1 billion to settle a shareholder lawsuit. The shareholder complaint alleged that the company made material misrepresentations to shareholders regarding its efforts to resolve the 2016 fake account scandal that rocked the industry…. Read More »
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 »
