Claims / Legal
CEO Personally Liable for $148M in Unfair Buyout: Delaware Judge
The billionaire chief executive of Dole Food Co. and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware ...
Target Will Not Face SEC Enforcement Action Over Data Breach
The U.S. Securities and Exchange Commission won't pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping ...
2015 Could Be Worst Year on Record for U.S. Wildfires: Munich Re America
When measured in terms of acres burned rather that insured losses, 2015 could go down in the record books as the worst wildfire year, a meteorologist from Munich Re America said last week. Mark Bove, ...
Women Rise in Manager Ranks; Black Managers Fall in Number: EEOC
Women's representation in U.S. management ranks is slowly increasing, while the share of African-American managers has slipped since the last recession, according to a report released last week by ...
Senators Probe Litigation Funding
Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful courtroom warfare. Now two top Republican senators—Chuck ...
Nestle Suit Alleges Slave Labor Used For Fish in Fancy Feast Cat Food
Nestle SA was sued over claims that its Fancy Feast cat food contains fish from a Thai supplier that uses slave labor. The complaint against the Swiss food giant follows one last week accusing Costco ...
Investors In the Dark About Worsening Corporate Cyber Crime Risks
Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the ...
Controversial Trinity Guardrail System Set For Extra Testing in Virginia
Trinity Industries Inc.'s guardrail system will undergo additional crash testing by Virginia, raising new questions about a device on roadways across the country. Some of Virginia's six proposed ...