Buffett talks mortality and philanthropy in surprise shareholder letter
In November, ahead of the holiday season, Berkshire Hathaway CEO Warren Buffett issued an unexpected message to shareholders, offering an update on what will happen to his vast fortune after his death. and offered some advice on how to pass on wealth to others. . In a letter posted on the $1 trillion holding company's […]
Target ordered to face shareholder lawsuit over Pride backlash
Target fails to persuade a Florida judge to dismiss a lawsuit accusing it of defrauding shareholders after sales of LGBTQ-themed products for Pride Month sparked backlash and customer boycotts. Ta. U.S. District Judge John Badalamenti in Fort Myers said the plaintiffs have so far presented enough information to pursue claims that Target misled investors about […]
Chipotle shareholder sues company amid portion frenzy
Barron's Roundtable panelists provide economic outlook and analyze Starbucks and Chipotle stocks. Chipotle shareholders are suing the company, claiming they faced “significant losses” due to the alleged portion size reductions that caused an uproar on social media. A proposed class action lawsuit was filed on Monday on behalf of Michael Stratford. Michael Stradford claimed that […]
Major Paramount shareholder Mario Gabelli urges FCC to delay key decision on Skydance merger
Prominent money manager Mario Gabelli, one of Paramount Global's largest shareholders, has urged the Federal Communications Commission to halt its review of media giant Paramount Global's transfer of broadcast licenses in its $8 billion merger with Skydance. requested the association. Gabelli requested a delay to investigate “possible fiduciary and/or federal securities violations” against Paramount's minority […]
SCOTUS hears Facebook bid to toss shareholder suit over Cambridge Analytica scandal
The U.S. Supreme Court on Wednesday weighed in on Meta Inc.'s Facebook's bid to quash a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading about its misuse of user data. The justices heard arguments in Facebook's appeal of a lower court's decision to allow a 2018 class action […]
Supreme Court hears Facebook's bid to block Cambridge Analytica shareholder suit
The Supreme Court on Wednesday considered Facebook's bid to block shareholder lawsuits over the Cambridge Analytica data scandal from proceeding. After the scandal became widely known in 2018, shareholders on social media accused Facebook of misleading investors by not mentioning Cambridge Analytica's misuse of user data in previous securities filings. sued the company. The tech […]
Walmart reaches opioid shareholder settlement
Walmart on Friday agreed to a settlement regarding the distribution of prescription opioids, according to a Security and Exchange Commission filing. this settlement The lawsuit includes three separate shareholder lawsuits alleging that Walmart does not adequately supervise the distribution and distribution of prescription opioids under the Controlled Substances Act. The agreement still requires court approval. […]
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder – CNBC
Warren Buffett speaks at Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett's Berkshire Hathaway Offloaded another chunk Bank of America This brings its total sales since mid-July to more than $7 billion and reduces its stake to 11%. The Omaha-based conglomerate sold a total of 5.8 million shares […]
BlackRock support for ESG shareholder resolutions hits fresh low
BlackRock Inc., the world’s largest asset manager, said on Wednesday that it had lowered its support for shareholder proposals related to environmental and social issues to 4.1 percent, the lowest on record, during the most recent annual meeting season. The number of environmental and social proposals increased from 455 to 493 last year, but BlackRock […]
Paramount shareholder sues to block Shari Redstone’s deal with Skydance
Paramount Global investors have filed a lawsuit to block the merger with Skydance Media, arguing it would cost shareholders $1.65 billion, according to a lawsuit filed Wednesday in Delaware Chancery Court. David Ellison’s Skydance Media closed on a deal to buy Paramount in early July, ending months of discussion and speculation about the future of […]