“I could not be recused from all discussions,” Musk said in the deposition, according to a filing last week in Delaware Chancery court. “I needed to voice my opinion, obviously.”The shareholders’ filing refers to the deposition and includes some quotes from Musk, but doesn’t include the transcript. Tesla’s board first heard about Musk’s proposal to buy SolarCity at an emergency board meeting in …
Why are insurers writing D&O coverage for allegations involving sexual misconduct, which is not really an “accident,” but rather an intentional act that is typically excluded from coverage? The question came up last Thursday at a PLUS Canada event in Toronto featuring Kevin LaCroix, author of the U.S.-based ‘D&O Diary’ blog. The panel discussion was moderated by Brian Rosenbaum, national …
A former Metro police officer who was fired over a social media post is now suing the city of Nashville. Anthony Venable was fired for a comment he posted on Facebook in reference to a deadly officer-involved shooting in Minnesota. In July 2016, Philando Castile was shot and killed by a police officer during a traffic stop.
The New Orleans Sewerage & Water Board’s woes are headed to court. A group of activists, joined by an historic Treme church and two frustrated residents, sued Monday (Oct. 16) to attempt to force the public agency to divulge any future drainage problems in real time. The lawsuit accuses the utility of failing to properly notify customers about the condition of its drainage pumps and power …
After years of litigation over the 2012 firing of a single Cook County sheriff’s police officer, dozens of other officers, jail guards and courtroom deputies fired for misconduct could get their jobs back, and hundreds more suspended without pay could be in line for possibly six-figure payouts. The state Supreme Court last month declined to consider an appeal of a lower court ruling that found …
When asked on MSNBC why he went to The New Yorker with the story, Farrow replied: “You would have to ask NBC and NBC executives about the details.” Ronan Farrow told Rachel Maddow on Tuesday that he was threatened personally with a lawsuit by Harvey Weinstein while reporting on what ended up becoming a New Yorker feature. “In the course of this reporting, I was threatened with a lawsuit …
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Omega Protein Corporation (NYSE: OME) (“Omega Protein”) breached their fiduciary duties in connection with the proposed sale of the Company to Cooke Inc. Omega Protein develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide.
A former Martinsville High School principal is suing the city, city council and the city’s school board, claiming reverse discrimination as a result of a demotion last year. Angela Weinerth and her attorney Glen F. Koontz, filed the lawsuit Tuesday in U.S. District Court in Danville, seeking a jury trial and at least $8 million in punitive damages, $105,000 in back pay and …
Uber’s co-founder Travis Kalanick fired back at investor Benchmark, saying its lawsuit seeking to oust him from the ride-hailing company’s board is based on “a fabrication” and accused the firm of threats and intimidation. Upping the ante on his fight with the venture capital firm, which holds a 13% stake in Uber, Kalanick said that Benchmark waged a secret campaign to remove him …
A few US institutional investors are planning to file a class action suit against the board of Directors of Infosys Technologies Ltd (Infosys) which is in the eye of a storm following resignation by its CEO cum MD Vishal Sikka. Infosys is listed both in India and in the USA. The US listing became necessary after Infosys raised capital through public issue made there in the form of American …