1. Shareholder Lawsuit

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    2. Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits

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      Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits
      Wynn Resorts Ltd. has $41 million coming its way from a lawsuit settlement related to allegations against former chairman and CEO Steve Wynn. Shareholders began filing lawsuits against the company and its board of directors after the allegations of Steve Wynns sexual misconduct emerged in early 2018, claiming they devalued the companys stock...
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      Mentions: Shareholder Lawsuit Wynn Casinos

    4. Setting Directors’ Pay Under Delaware Law

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      Setting Directors’ Pay Under Delaware Law
      The Delaware Chancerys refusal to dismiss a derivative allegation in a suit claiming that Goldman Sachs directors were paid excessively may soon provide a decision that offers companies guidance on setting board of director pay (Stein v. Blankfein, Court of Chancery of the State of Delaware, C.A. No. 2017-0354-SG (Del. Ch. May. 31, 2019). This guidance may come despite the courts initial doubts that the facts, when more fully ...
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      Mentions: Delaware Goldman Sachs Shareholder Lawsuit

    10. Boeing Shareholders Are Suing the Company, Claiming it Put Safety At Risk in a Reckless Pursuit of Profits that Ended in the 2 Fatal 737 Max Crashes

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      Boeing Shareholders Are Suing the Company, Claiming it Put Safety At Risk in a Reckless Pursuit of Profits that Ended in the 2 Fatal 737 Max Crashes
      Boeing's problems continue to mount after shareholders launched a legal challenge, claiming they were defrauded over the 737 Max's safety deficiencies. The lawsuit alleges securities fraud violations after the company's stock plummeted $34 billion since a fatal crash in Ethiopia last month, the second of two. Boeing "effectively put profitability and growth ahead of airplane safety and honesty," according to the filing at a Chicago federal court ...
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      Mentions: risk lawsuit Fraud

    12. Shareholder Suits Target Non-Employee Director Compensation at Public Companies

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      Shareholder Suits Target Non-Employee Director Compensation at Public Companies
      Recent shareholder suits show there is a heightened scrutiny of routine proxy disclosures in order to challenge non-employee director compensation. Plaintiffs attorneys are focusing on non-employee director compensation and compensation plans, particularly in comparison to peer companies a trend that was expected following the late-2017 Delaware Supreme Court decision inIn re Investors Bancorp, Inc. Stockholder Litigation. Two cases asserting allegations...
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      Mentions: Public Companies Investors Delaware
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