The Firm also had the highest overall recovery amount, more than $900 million last year, $265 million of which is from the Massey Energy case, a shareholder suit
that stemmed from the country's worst coal mine disaster in more than 40 years.
The report says prior to Rwanda, in 2006 Tanzania passed a new company Act to strengthen investor protections by codifying directors duties and shareholder suit
mechanisms and providing greater access to company books.
Global Banking News-August 30, 2012--Bank of America trying to get shareholder suit
dismissed(C)2012 ENPublishing - http://www.
The resulting multi-jurisdiction litigation on a single deal could amplify the risk of an adverse decision on corporate defendants because a shareholder suit
heard in a state court could result in a jury trial or punitive damages.
Also significant were awards and settlements from suits litigated outside the US, particularly the $371 million settlement in the Netherlands of a shareholder suit
against Royal Dutch Shell.
In one--a consolidated shareholder suit
against semiconductor manufacturer Broadcom Corp.
A state court judge in Chicago reduced fees requested by plaintiff lawyers in a shareholder suit
Ruling on a shareholder suit
that had dragged on for years, Delaware Chancellor William Chandler on August 9 determined that the Disney board did not neglect its duties when it awarded departing President Michael Ovitz a severance package worth $140 million in 1996.
When the product reaches the end of a cycle, the corporation faces a conundrum: should the firm publish information stating that the end of the product's life cycle is approaching and risk losing sales, or conceal this information and face the possibility of a shareholder suit
once the product becomes obsolete?
Chandler III of the Delaware Court of Chancery ruled in the company's favor in a shareholder suit
filed against Craigslist, and its majority shareholders Jim Buckmaster and Craig Newmark.
The 1999 award launched a shareholder suit
claiming the awards were not in keeping with the terms outlined in the company's federal filings.
Burbank-based Disney and Eisner have been hit with a shareholder suit
in Delaware over the Ovitz package, alleging Ovitz should have been fired ``for cause,'' which would have nullified the severance package.