SAN DIEGO & RIVERHEAD, N.Y.–(BUSINESS WIRE)–Shareholder rights law firm Robbins Arroyo LLP announcesthat a class action lawsuit has been filed against Suffolk Bancorp (NYSE: SCNB) in the Supreme Court for the State of New York, County of Suffolk. The complaint is brought on behalf of shareholders of Suffolk for alleged breaches of fiduciary duties in connection with the acquisition of the …
Shareholder rights law firm Robbins Arroyo LLP announces that it filed a class action lawsuit on August 19, 2016, in the U.S. District Court for the Western District of Washington at Seattle (the “Court”) on behalf of the shareholders of Outerwall Inc. (“Outerwall”) (NASDAQGS: OUTR) against its Board of Directors for, among other things, violations …
Goldberg Law PC (the “Firm”) announces that a class action lawsuit has been filed against SunPower Corporation (“SunPower” or the “Company”) (Nasdaq: SPWR). Investors who purchased or otherwise acquired shares between February 17, 2016 and August 9, 2016 inclusive (the “Class Period”) are encouraged to contact the Firm in advance of the October 17, 2016 lead …
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Silicon Graphics International Corp. (SGI) breached their fiduciary duties in connection with the proposed sale of the Company to Hewlett Packard Enterprise (HPE). Silicon Graphics develops, markets and sells various servers, enterprise-class …
Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against RiT Technologies Ltd. (“RiT” or the “Company”) (Nasdaq: RITT). Investors who purchased or otherwise acquired shares between March 3, 2015 and July 1, 2016 (the “Class Period”) are encouraged to contact the firm in advance of the September 26, 2016 lead plaintiff …
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Diamond Resorts International, Inc. (NYSE: DRII) breached their fiduciary duties in connection with the proposed sale of the Company to Apollo Global Management, LLC. On June 29, 2016, Diamond Resorts announced it had signed a definitive …
Banking giants have been through tough times over the past decade or so owing to the global economic meltdown but HSBC has lurched from one controversy to the next with alarming regularity. The fallout from …
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United Online provides consumer products and services over the Internet in the United States and internationally. On May 4, 2016, United Online announced it had signed a definitive merger agreement with B. Riley. Under the terms of the agreement, United Online shareholders will receive $11.00 in cash for each share held.
On April 27, 2016, ExamWorks announced it had signed a definitive merger agreement with Leonard Green. Under the terms of the agreement, Leonard Green will acquire all of the outstanding shares of common stock of ExamWorks for $35.05 per share in an all cash transaction. The investigation concerns whether the ExamWorks board failed to satisfy their duties to the Company shareholders, including …
HIH court decision means companies face more risks in shareholder actions A landmark court decision means shareholders will no longer have to prove they read a prospectus to sue a company.Rob Homer A landmark court decision in a shareholder action against HIH could lead to plaintiffs demanding bigger settlements and companies facing suits bearing greater risks. The decision by the NSW Supreme…