shareholders
N.Y. Court: You Still Can't Sue Lawyers for Clients' Fraud
New York's highest court just gave a big gift to accountants, lawyers, and any other outside professional in a position to detect fraud at one of their corporate clients: The court ruled that shareholders still can't sue them for failing to detect the fraud.
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.
GM Says Employees Can Buy IPO Shares
General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.
Will a New SEC Rule Bring Democracy to the Boardroom?
How much power should shareholders have when it comes to running a company? Most corporate boards pay little attention to shareholders, but a new rule passed by the SEC may change that, allowing the people who actually own a company more input into how it is run.
Chrysler CEO Marchionne: We'll Take a Piecemeal Approach to IPO in 2011
Chrysler Group is likely to pursue an initial public offering of stock in "chunks" rather than one big offering and not until the second half of 2011, the company's chief executive said Thursday.
Barnes & Noble Stock Gets Downgraded as Proxy Battle Looms
With less than two weeks to go in the bitter proxy contest between Barnes & Noble founder Leonard Riggio and billionaire Ron Burkle, one key analyst has changed his outlook on the company's stock for the worse and a leading proxy advisory firm has sided with the Riggio camp.
Cisco Shares to Start Paying Dividends
Cisco Systems will pay out its first dividend within the next year, the computer-networking-gear maker promised shareholders Tuesday.
Airgas Rejects Increased $5.5 Billion Bid from Air Products
Airgas' board of directors unanimously rejected an increased bid of $65.50 a share from larger competitor Air Products & Chemicals.
New SEC Proxy Rule Gives Shareholders a Fighting Chance
In a clear win for the shareholders rights movement, the Securities and Exchange Commission announced Thursday that it was changing federal proxy rules to make it easier for companies' shareholders to nominate and elect directors to their boards.
Barnes & Noble's Founder Digs in for Proxy Fight
Ron Burkle drew first blood in the looming battle at the annual shareholders meeting, but founder and Chairman Leonard Riggio isn't backing down. He's hiking his stock holdings and staying on the board ballot while two others vacate their seats.