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SPAC Investors Misled In $1.35B Stem Deal, Del. Suit Says

Law 360 M&A

A former stockholder of a blank check company that merged with intelligent energy storage business Stem Inc. filed a proposed class action in Delaware's Court of Chancery Tuesday, alleging breaches of fiduciary duty and unjust enrichment in connection with the April 2021 merger.

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Human Rights-Related Shareholder Proposals in the 2022 U.S. Proxy Season

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., companies, investors, consumers, NGOs, governments, intergovernmental organizations, etc.). Reputational costs stemming from, say, damaging viral news stories could negatively impact consumer loyalty, brand perception, and ultimately share price.

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Hemisphere Media Investor Seeks Records In 'Unfair' Deal

Law 360 M&A

A shareholder in Florida-based Hemisphere Media Group Inc. filed a suit in Delaware Chancery Court seeking to inspect financial records to investigate possible wrongdoing and breach of duty stemming from a deal between board members and financial advisers to lower stock prices in a bid to take the company private.

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Sweeney Excavation, Inc. Expands Construction Capabilities by Joining Forces with Gargiulo Construction

Benzinga

Sweeney Excavation, Inc. Hamden, CT March 27, 2024 --( PR.com )-- Sweeney Excavation, a prominent leader in excavation and site-work construction, and concrete foundation construction for the region, proudly announces its acquisition of Gargiulo Construction, a proven concrete foundation contracting company with over 35 years of experience.

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California Court of Appeal Upholds Federal Forum Provision

Harvard Corporate Governance

Companies can now avoid the cost and inefficiency of having to litigate post-offering securities class actions simultaneously in both federal and state court. Such forum selection provisions—known as federal forum provisions or FFPs—were broadly implemented in the wake of the United States Supreme Court’s decision in Cyan, Inc.

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Liberty Mutual Says Ceradyne Not Covered For 3M Deal Suits

Law 360 M&A

Liberty Mutual told a California federal court it shouldn't have to cover Ceradyne Inc. for now-settled shareholder lawsuits stemming from the company's acquisition by 3M, pointing to an insurance policy's "bump-up" exclusion and arguing that Ceradyne didn't suffer any loss since 3M paid to settle those suits.

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Music Licensing, Inc. (OTC: SONG) Secures Intellectual Property Rights for Listerine "Mouthwash" Antiseptic

Benzinga

22, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. OTC: SONG ) is pleased to announce the successful acquisition of intellectual property rights pertaining to Listerine Antiseptic, marking a significant advancement in the company's strategic growth initiatives. Noch, CEO of Music Licensing, Inc. "This NAPLES, Fla.,