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 offering 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? Usually, the answer is 'very little'. But a new rule change by the SEC may change that, allowing the people who actually own a company more input into how it is run.

United and Continental Shareholders to Vote on Merger

Shareholders of United%u2019s parent company UAL Corp (UAUA). and Continental Airlines (CAL) will vote today on a merger deal that would create the world%u2019s biggest airline. Results of the votes are expected later today, The Associated Press reported.

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.

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.

Dress Barn is seeking a new identity

Dress Barn, retailer, stores, reorganization, name changeDress Barn hopes to undergo an extreme makeover. The company is seeking shareholder approval to change its corporate name to Ascena Retail Group...

Barnes & Noble's Founder Digs in for Proxy Fight

Ron Burkle may have drawn first blood in the proxy fight that now looks all but inevitable at Barnes & Noble's annual shareholders meeting next month, but founder and chairman Leonard Riggio is not about to back down. In fact, Riggio's increasing his stock holdings and staying on the board of directors ballot while two others vacate their seats.

Legal Briefing: AIG to Pay $725 Million Fraud Settlement, Eventually

In the settlement of a lawsuit that predates the financial meltdown, AIG has agreed to pay shareholders $725 million for years of fraudulent practices that led to investors loosing money on the stock. But they only get $175 million up front. The rest, they may wind up getting in shares of AIG.

Why Going Private Could Be Barnes & Noble's Best Bet

With its stock plunging and the trial between key shareholder Ron Burkle and top company executives about to take place in court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the best step for the company to take.

Cuomo Files Suit Against Former Bank of America CEO Ken Lewis

New York Attorney General Andrew Cuomo filed a lawsuit accusing Former Bank of America CEO Kenneth Lewis of misleading investors about Merrill Lynch's mounting losses before Bank of America acquired the firm in late 2008. The bank and its former chief financial officer, Joseph L. Price, were also charged.

Hershey Is Finally Ready to Bid for Cadbury

After weeks of sitting on the sidelines while Cadbury played cat-and-mouse with Kraft Foods, Hershey is finally ready to make a bid for the U.K.-based chocolate maker. Sources close to the Hershey board say that the company will bid $17.9 billion for Cadbury.