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FIDUCIARY DUTIES BREACH
Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuitsIn a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said board members ignored repeated inter...- Activision shareholders reach $250 million settlement over Microsoft buyoutShareholders of Activision Blizzard reached a $250 million settlement over allegations that Microsoft and former executives of the maker ...
- Petition in High Court seeks stay on Tata Trusts meetingAhead of a critical Tata Trusts meeting scheduled for Friday, a petition has claimed that Sir Ratan Tata Trust violates a new Maharashtra l...
- Battle of paradigm shifters: Musk vs Altman over OpenAI's original purpose can shape AI's moral & commercial futureMusk’s lawsuit against Sam Altman and OpenAI, along with Microsoft, has turned into a broader debate over who controls the future of artifi...
- Groundwork started for data protection board; online office software ready: IT Secretary KrishnanThe establishment of the Data Protection Board is on the fast track, with the government diligently paving the way for its formation. Proce...
- Disney investors seek clarity on Jimmy Kimmel's suspensionSeveral Disney investors are demanding documents related to Jimmy Kimmel's recent suspension, triggered by controversial remarks. They susp...
- Tesla blocks stockholders with less than 3% shares from suing officers on its behalfTesla has implemented a bylaw amendment, blocking shareholders with less than 3% ownership from filing derivative lawsuits against its dire...
- US lenders’ consortium files lawsuit against Byju’s founder, othersMembers of a lending consortium have sued Byju Raveendran, his wife Divya Gokulnath, and Anita Kishore, alleging they misappropriated $533 ...
- Tesla shareholder sues Musk for alleged $7.5 billion insider tradingA Tesla shareholder filed a lawsuit accusing CEO Elon Musk of insider trading by selling over $7.5 billion of Tesla shares before disappoin...
- Data usage and ground-rules: Inside India's new Digital Personal Data Protection frameworkWhile the new Digital Personal Data Protection Act seeks to establish a robust framework for the protection of personal data in the digital...
- Decoding the role of nominee directors in a firmSection 149(7) of the Companies Act 2013 defines nominee directors as directors nominated by financial institutions under laws or agreement...
- Government releases Digital Personal Data Protection Bill draftThe comments and submissions by stakeholders on the data protection bill, however, will not be disclosed in public “to enable persons submi...
- Elon Musk files countersuit under seal vs Twitter over $44 billion dealElon Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginni...
- Delhi High Court reserves judgement in Future Retail caseFuture Group has plead the court to stop Amazon from approaching the Indian regulators with an interim relief given by a Singapore-based ar...
- Sharing info with statutory authorities no violation: Cyrus MistryMistry denied breaching confidentiality obligations and legal duties as a director of Tata Sons.
- Did IGate's Board wrong its shareholders? Law firms are examiningFive US-based law firms are investigating charges of whether IGate Board of Directors failed to maximise gains of shareholders.
- Law firms look into alleged fiduciary duty violations by IGateThese law firms are reaching out to shareholders and investors of IGate to join their investigation to ascertain if the company's Board vio...
- UK-based The Children's Investment Fund serves ultimatum to Coal India LimitedTCI has delivered an ultimatum to CIL, giving the company time till the end of the month to set out a clear, unambiguous and verifiable pat...
- US court holds Indian guilty of breach of fiduciary responsibilityA US court has held that the former director of the Indian operations of Thomas Weisel Partners has breached the fiduciary responsibility h...
- Anheuser-Busch settles shareholder suits over saleAnheuser-Busch Cos Inc said on Friday it has settled all lawsuits filed by shareholders related to the company's pending sale to InBev SA.
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