Major Harley-Davidson shareholder wants CEO and two others removed from the board
Please see what you are clicking on foxbusiness.com. Harley-Davidson’s major shareholders are seeking major changes to the company’s board of directors, claiming that CEO Jochen Zeitz and two other longtime members should be removed. H Partner’s management said Wednesday that it is asking other Harley-Davidson shareholders to hold a “withholding” vote at a shareholders meeting […]
Casino exec Elaine Wynn, major shareholder of Las Vegas’ Wynn Resorts, dies at 82
Elaine Wynn, a billionaire who worked with her then-husband Steve Wynn, founded Wynn Resorts, passed away Monday at the age of 82. Elaine and Steve Wynn co-founded Mirage Resorts in 1976 and Wynn Resorts in 2000. They continued to build Winn Las Vegas. At the time it was the most expensive resort of all time […]
UnitedHealth Group resists shareholder proposal on delayed and denied care – The Guardian US
UnitedHealth Group is trying to overthrow the non-binding shareholder proposal, which asks the company to prepare a report on delayed and denied healthcare costs. The proposal, submitted by members of the Inter-Indigenous Centre for Corporate Responsibility (ICCR), represents a new frontier that calls for insurers to be held responsible for the “macroeconomic costs” of care […]
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. […]