1. Shareholder Lawsuit

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    2. Brookdale Senior Executives Sued Over Alleged Misconduct

      Brookdale Senior Executives Sued Over Alleged Misconduct
      According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Brookdale's financial performance was sustained by, among other things, the Company's purposeful understaffing of its senior living communities; (2) the foregoing conduct subjected Brookdale to an increased risk of litigation and, once revealed, was foreseeably likely...
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    3. DaVita, Shareholders Seek Initial Court OK of $50 Million Deal

      DaVita, Shareholders Seek Initial Court OK of $50 Million Deal
      DaVita Inc. shareholders asked a federal judge in Delaware to preliminarily approve a $50 million settlement resolving their derivative suit related to a 2014 False Claims Act settlement with the Justice Department. The dialysis provider would also adopt a broad array of industry-leading corporate governance reforms intended to substantially enhance the way that DaVita is governed overall as part of the settlement, the shareholders said in the U.S. District ...
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    4. Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits

      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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    5. Setting Directors’ Pay Under Delaware Law

      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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