shareholder lawsuit
Citigroup Agrees to Pay $590M in Shareholder Suit
Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank's growing problems before the financial crisis.
HP to Launch Investigation into Hurd's Departure
Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP's directors wasted company money by awarding Hurd as much as $53 million in severance.
Daimler Wins $324 Million Appeal in Chrysler Deal Suit
German automaker Daimler has won its appeal of a court ruling that would have required the German automaker to pay $324 million to former Daimler-Benz shareholders who claimed they weren't adequately compensated in the $36 billion merger that created DaimlerChrysler.
Countrywide to Pay Top Mortgage-Meltdown Settlement So Far
Countrywide Financial, once the nation's largest mortgage lender, has agreed to pay $600 million to settle shareholder lawsuits. It's the largest mortgage settlement to come out of the meltdown so far.
Toyota's Second Shoe Drops: Shareholders Sue
Toyota faces several pending class actions that allege it publicly dismissed the seriousness of several design flaws while knowing that the problems might have caused a dramatic sell-off of Toyota shares.