In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing. The Securities and Exchange Commission in its long history …
Plaintiffs brought 85 federal class action securities cases in the first half of this year, or seven fewer than they did last year. The 85 filings in the first six months of 2015 falls 10 percent below the semiannual average …
Stephen Markscheid holds one of the riskiest jobs in the world — or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed Chinese companies, including Jinko Solar Holding …
In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of their expectations. So, the …
A federal judge said on Thursday that shareholders can proceed with a lawsuit accusing Goldman Sachs Group Inc. of concealing conflicts of interest in several collateralized debt obligation transactions, the fallout from which caused Goldman’s stock price to drop. The …
Facebook’s initial public offering has sparked lawsuits and investigations after a botched trading debut on the Nasdaq stock market delayed the completion of many orders and questions arose about selective disclosures of the company’s financial prospects. Facebook’s shares closed on …
For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies. As those victories piled up, brokerages went to war on his credentials, and …
Wall Street’s own watchdog filed a complaint against Charles Schwab Corp. on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation of industry rules. The Financial Industry Regulatory …
Del Monte Corp. and Barclays Capital agreed Thursday to pay $89.4 million to settle a lawsuit that claimed they had not acted in investors’ best interests in the food company’s $4 billion takeover. Lawsuits stemming from the takeover have raised …
A lawsuit against Blackstone Group LP , alleging the private equity firm failed to disclose problem investments before its 2007 initial public offering, will go ahead after the U.S. Supreme Court rejected the company’s appeal. The justices on Monday refused …
