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    1. Axcella Health Inc. Announces Appointment of Catherine A. Sohn, Pharm. D. to its Board of Directors

      Axcella Health Inc. Announces Appointment of Catherine A. Sohn, Pharm. D. to its Board of Directors

      Axcella Health Inc. (NASDAQ:AXLA), a biotechnology company pioneering the research and development of novel multifactorial interventions using novel compositions of endogenous metabolic modulators to address dysregulated metabolism and support health, today announced that Catherine A. Sohn, Pharm.D. has been appointed to its Board of Directors. In addition, the Company announced that Christopher A. Viehbacher is stepping down after serving as a Board member since 2015...

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    2. ‘Destruction of Capital’: How GE’s Decade of Stock Buybacks May Come Back to Haunt the Company

      ‘Destruction of Capital’: How GE’s Decade of Stock Buybacks May Come Back to Haunt the Company

      GE may now be wishing it could take back a string of stock buybacks.

      One of the charges leveled by accounting sleuth Harry Markopolos in his explosive report, "General Electric: A Bigger Fraud Than Enron," is that GE was buying back tons of stock with cash desperately needed to sustain its failing long-term care business...

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    3. Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members

      Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members
      • A three-member committee of Oracle's board has written an extraordinary letter to a Delaware court.
      • The letter, dated August 15, grants permission for a shareholder-initiated lawsuit to proceed against Oracle founder and chairman Larry Ellison, as well as one of Oracle's co-CEOs, Safra Catz.
      • This is a "derivative lawsuit" meaning it was filed on behalf the company against the directors...
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      Mentions: Oracle NetSuite
    4. If Corporations Don’t Put Shareholders First, What Happens to Business Judgment Rule?

      If Corporations Don’t Put Shareholders First, What Happens to Business Judgment Rule?

      (Reuters) - Marty Lipton’s inchoate feud with the Council of Institutional Investors may be the juiciest early story to emerge from the Business Roundtable’s announcement this week of a new corporate paradigm. But it’s not the only legal story prompted by the bombshell BRT announcement, in which business leaders pledged to consider the interests of an array of stakeholders – employees, customers, suppliers and community members – in addition to shareholders’ interest in maximizing profits...

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    5. NCS Multistage Holdings, Inc. Appoints Valerie Mitchell as New Director

      NCS Multistage Holdings, Inc. Appoints Valerie Mitchell as New Director

      HOUSTON, Aug. 22, 2019 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NCSM) announced today that the Board of Directors (the “Board”) has appointed Valerie Mitchell as a new director. Ms. Mitchell, 47, is the Chief Executive Officer and member of the Board of Directors of Corterra Energy, LLC, which she helped found in 2016 as an exploration and production company focused on the acquisition and development of oil and gas resources in the Mid-Continent region...

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    6. Axos Announces the Election of Tamara Bohlig as an Independent Member of the Board of Directors

      Axos Announces the Election of Tamara Bohlig as an Independent Member of the Board of Directors

      Axos Financial, Inc. (AX) and Axos Bank (together, the "Company"), announced the election of investment and asset-management marketing executive Tamara Bohlig to the Board of Directors of the Company, effective August 31, 2019. Ms. Bohlig is an independent director and succeeds Gary Burke, who is retiring on that date from the board after 14 years of service...

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    7. Big 5 Sporting Goods Corporation Appoints Colleen Birdnow Brown to Its Board of Directors

      Big 5 Sporting Goods Corporation Appoints Colleen Birdnow Brown to Its Board of Directors

      August 22, 2019 08:00 ET | Source: Big 5 Sporting Goods Corporation EL SEGUNDO, Calif., Aug. 22, 2019 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (NASDAQ: BGFV) (the “Company”), a leading sporting goods retailer, is pleased to announce the appointment of Colleen Birdnow Brown to its board of directors, effective August 21, 2019...

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    8. Third Circuit Discusses Important Differences Between Board Observers and Directors

      Third Circuit Discusses Important Differences Between Board Observers and Directors

      The Third Circuit recently issued an important decision for private fund advisors who serve on corporate boards.  In a precedential decision on a matter of first impression, the Third Circuit distinguished the role of nonvoting board observers from the function of formal corporate directors.  And while the decision was issued in the context of liability for alleged violations of the securities laws, the Third Circuit suggested the analysis may apply more broadly to other situations involving board observers...

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      Mentions: Board Observer
    9. Shield Diagnostics Appoints David Esposito to its Board of Directors

      Shield Diagnostics Appoints David Esposito to its Board of Directors

      SAN JOSE, Calif.Aug. 21, 2019 /PRNewswire/ -- Shield Diagnostics, an Andreessen Horowitz-backed biotechnology company tackling antibiotic resistance by bringing precision medicine to infectious disease, announced today that it has appointed David Esposito to its Board of Directors. Mr. Esposito is an experienced healthcare executive who has built and scaled multiple innovative healthcare companies with successful exits to strategic buyers...

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