1. Allegations

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    3. SDNY Denies Motion to Dismiss Breach of Fiduciary Duty Claims Against Former Directors

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      SDNY Denies Motion to Dismiss Breach of Fiduciary Duty Claims Against Former Directors
      On December 4, 2020, Judge Rakoff of the Southern District of New York denied a motion to dismiss breach of fiduciary duty claims against former directors of Jones Group (the predecessor to Nine West).The lawsuit arises from the board of directors approval of a buyout transaction that distributed $1.2billion to Jones Group shareholders, while allegedly rendering the company insolvent...
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      Mentions: lawsuit Allegations Board

    5. Federal Inquiries, Allegations of Sexual Assault, a Resignation, and Billions on the Line: Here's Everything you need to Know About Nikola and its Founder's Controversial Last 5 Weeks

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      Federal Inquiries, Allegations of Sexual Assault, a Resignation, and Billions on the Line: Here's Everything you need to Know About Nikola and its Founder's Controversial Last 5 Weeks
      ...t from the design invented by Nikola for the Nikola One." Nikola's share price has been battered by the fraud allegations, with shares of Nikola down 53% since the partnership was announced, as of Thursday. CNBC's Phil L...
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    16. The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal

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      The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal
      Oracle is in the middle of an interesting lawsuit in which its own board committee has given approval for a shareholder-initiated lawsuit to proceed on behalf of the company against its chairman Larry Ellison, CEO Safra Catz and other board members. The suit alleges that Oracle's directors greatly overpaid when they crafted a deal to buy NetSuite for $9.3 billion in 2016. NetSuite is a company that Ellison ...
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      Mentions: Larry Ellison acquisition lawsuit
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  4. Quotes about Allegations

    1. The only significance of such allegations is to impose or assign joint liability...to an actor who did not participate in the act itself, but had knowledge of it.
      In Netflix, Amazon Beat Blacklisting Lawsuit From Former Employee
    2. While we continue to believe that the plaintiffs' allegations are spurious, we determined that after seven years it was best for KKR and our limited partners to put an end to the distraction and expense of this litigation.
      In Boards Limit Where Investor Suits Are Filed
    3. We have a situation where we are talking about allegations of sexual assault by a trustee against a university employee. How could that not be an issue for the university?
      In Temple Board's Dropped the Ball on Cosby Allegations