Category Archives: shareholder litigation
Amazon Shareholder Files Lawsuit Over Blue Origin Launch Contract
According to a report from Reuters, an Amazon shareholder has filed a lawsuit against the Board of Directors and its founder Jeff Bezos. The complaint—filed by the Cleveland Bakers and Teamsters Pension Fund—alleged that the company awarded a launch contract to Blue Origin (also owned by Mr. Bezos) without properly considering competing bids. Within… Read More »
Wells Fargo Prevails in Shareholder Lawsuit Over Alleged “Fake” Interviews
According to a report from Reuters, Wells Fargo—the American multinational financial services company based in San Francisco, California—has prevailed against a lawsuit filed by a group of shareholders. The claim had alleged that the company used “sham” interviews to boost certain diversity statistics. Within this article, our West Palm Beach shareholder litigation attorney explains… Read More »
JP Morgan, CEO Jamie Dimon Prevail in Shareholder Lawsuit Centered Around Alleged Ties to Disgraced Former Hedge Fund Manager Jeffrey Epstein
According to a report from Reuters, JP Morgan, its Chief Executive Officer (CEO) Jamie Dimon, and the company’s board of directors have prevailed in a shareholder derivative lawsuit centered around its alleged connections with former distracted hedge fund manager Jeffrey Epstein. A federal court dismissed the shareholder lawsuit on the grounds that shareholders failed… Read More »
Gap Prevails in Diversity-Related Shareholder Lawsuit—Significant Circuit Split Now Exists on Enforceability of Shareholder Derivative Forum Selection Clauses
According to a report from Reuters, Gap—the large San Francisco, CA based retail brand—has prevailed in a shareholder lawsuit over allegations that it breached its obligations to shareholders by making material misrepresentations about the level of racial diversity among members of its corporate leadership. Notably, the company won on a technical shareholder law matter…. Read More »
Four Criteria You Must Meet to Be a Plaintiff in a Shareholder Derivative Lawsuit in Florida
A shareholder derivative lawsuit is a legal cause of action filed by a shareholder (or group of shareholders) on behalf of the corporation itself. Most often, it is a type of claim that is pursued against officers, directors, or other top leaders of the company. To move forward with a shareholder derivative action, there… Read More »
Delaware Judge Will Not Dismiss Shareholder Lawsuit Against Facebook
According to a report from ABC News, a Delaware judge has declined to dismiss a shareholder lawsuit that was filed against Facebook. The complaint alleges violations by high-ranking officers and directors at the social media giant related to major data privacy concerns. Here, our Miami shareholder litigation attorney explains the essential things to understand… Read More »
Judge Declines To Approve Shareholder Litigation Settlement In AMC Case
According to a report from Deadline, a judge has denied a proposed “quick” settlement in a shareholder lawsuit centered around AMC. At this time, the settlement terms will not be executed. Though, the parties may still eventually be able to resolve the matter in a manner that satisfies the court. Here, our Miami shareholder… Read More »
What Do I Need To Do Before Filing A Shareholder Lawsuit?
As a minority shareholder, you must rely on other people to manage and protect your investment. In some cases, majority shareholders and/or corporate officers and directors could damage your financial interests through fraud, gross negligence, or other improper conduct. You may be entitled to relief through a shareholder lawsuit. Shareholder litigation is complex. It… Read More »
Fox News Settlement With Dominion Gives Shareholder Lawyers Tangible Evidence
Just before they were set to begin trial, in a stunning turn of events, lawyers at Fox News decided to settle the $1.6 billion lawsuit filed by voting machine company Dominion, reaching a settlement of $787.5 million. While this amount is less than half of what Dominion was seeking in damages, it is still… Read More »
Judge Allows Shareholder Lawsuit Against McDonald’s Corporate Officers To Proceed, Could Have Big Implications For Future Of Corporate Law
According to a report from The Wall Street Journal, a Delaware Court of Chancery will allow a shareholder lawsuit against a former executive of McDonald’s to proceed. The case is centered around allegations that the company failed to properly handle workplace sexual harassment. It is an important legal matter because it could have big… Read More »
