“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 …
Rent-A-Center said Monday it will be paid $92.5 million as part of an agreement to end litigation over the Plano-based rent-to-own retailer’s surprise termination of its pending merger with Vintage Capital last year. The agreement in principle to settle litigation with Vintage Capital Management LLC and its financial partner B. Riley Financial Inc. will end a dispute that started last December. …
A group of managed-care organizations can sue NorthShore University HealthSystem over allegations that they were charged anticompetitive prices for healthcare after the 2000 merger that created the system. An Illinois federal judge largely preserved a class-action lawsuit against NorthShore stemming from the 2000 merger of Evanston (Ill.) Northwestern Healthcare and Highland Park (Ill.) …
On behalf of a group of more than 40 consumers, a San Francisco law firm is trying to stop a $4 billion merger between Alaska Airlines and Virgin America. The plaintiffs argue the deal would weaken competition in the industry, causing job loss and higher fare prices. Alaska Airlines announced on Aug. 4 that it would acquire Virgin America to create the West Coast’s “premier …
Gainey McKenna & Egleston announces that a class action lawsuit has been filed against The WhiteWave Foods Company (“WhiteWave” or the “Company”) (NYSE:WWAV) in the United States District Court for the District of Colorado on behalf of current stock holders of WhiteWave, seeking to pursue remedies under the Securities Exchange Act of 1934 (the …
WILMINGTON, Del., June 29, 2016 (GLOBE NEWSWIRE) — Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed by another law firm on behalf of stockholders of Qlik Technologies, Inc. (NASDAQ:QLIK) (“Qlik” or the “Company”) seeking to challenge the Company’s recently announced …
In Jinnaras v. Alfant, decided on May 5, 2015, the New York Court of Appeals rejected a proposed settlement of a shareholder class action, where the proposed settlement would have deprived out-of-state class members of a “cognizable property interest” by failing to provide a mechanism for class members residing outside of New York to opt out of the settlement. The Jinnaras …