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Tag: lawsuit settlement
CVS Health in $48 million settlement of lawsuit over stock plunge
2015-09-16 18:38:26| Biotech - Topix.net
The all-cash settlement with investors led by three Massachusetts public pension funds was disclosed in a Monday filing with the federal court in Providence, Rhode Island. CVS' share price tumbled 20.1 percent on Nov. 5, 2009, after the company, then known as CVS Caremark, revealed the loss of contracts representing about $4.5 billion of annual revenue.
Tags: over
health
stock
million
JAKKS Pacific's $30 Million Buyback And Lawsuit Settlement Open The Door For Acquisition
2015-06-18 04:47:41| Toys - Topix.net
The buyback follows the settlement of a lawsuit against JAKK's management/board for foiling a 2011/2012 takeover offer. Early Tuesday morning, JAKKS Pacific announced the approval of a $30 million buyback plan for common shares and/or convertible notes.
Settlement reached in lawsuit seeking to block LabCorp-Covance deal
2015-02-09 22:45:15| Biotech - Topix.net
A settlement has been reached in a lawsuit challenging the $6.1 billion purchase of clinical research firm Covance by Burlington-based medical testing company Laboratory Corp. of America. The agreement comes less than two weeks before the deal is expected to close, with Covance shareholders slated to vote on the acquisition on Feb. 18. A shareholder of Covance initially brought the lawsuit seeking to block the deal based on allegations that the company's board should not have hired Goldman Sachs as its financial adviser because of a conflict of interest.
Tags: deal
block
reached
seeking
Settlement reached in whistleblower lawsuit against Dow Chemical
2015-02-07 23:39:18| Chemicals - Topix.net
There's been a settlement in a whistleblower lawsuit against Dow Chemical. Last year, Kimberly Wood filed a lawsuit against Dow, claiming she was fired because she exposed lavish spending by CEO Andrew Liveris.
Tags: chemical
reached
settlement
dow
Whirlpool Lawsuit Settlement Wiped Out By Class Action Rejection
2014-12-05 01:26:06| Appliances - Topix.net
A federal judge has rejected the certification of a class action lawsuit against Whirlpool Corporation, wiping out a proposed settlement between the company and nearby Fort Smith neighbors who had filed complaints against Whirlpool. Fort Smith property owners filed a class action lawsuit last year against Whirlpool because of the company's contamination of nearby groundwater with the chemical TCE.
Tags: action
class
settlement
lawsuit