Securities
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Northrop Grumman inked a $12.4 million settlement deal Monday with employees who claimed the defense giant’s 401(k) plan betrayed workers by using a costly management strategy for a risky investment fund, wrapping up a 13-year legal fight… Read this piece in its entirety at Law360.
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A New York federal judge pointed to a lack of billing records on Friday as he held off approving nearly $23 million in attorney fees requested by derivative plaintiffs in a case revolving around allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties… Read this piece in its
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A Fitbit investor sued the athletic technology company and its board on Friday in Delaware federal court, claiming they tried to mislead investors about the financial analyses associated with Fitbit’s recently announced plan to sell itself to Google for $2.1 billion… Read this piece in its entirety at Law360.
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A VirnetX Holding Corp. investor sued in Delaware Chancery Court on Tuesday, saying he’s concerned the software firm’s CEO runs it “as a personal piggy-bank” and seeking a look at records that could shine a light on wrongdoing and mismanagement… Read this piece in its entirety at Law360.
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A proposed class of investors sued medical product maker Baxter International on Monday in Illinois federal court, blaming the company for a stock-price drop that followed the announcement of an internal investigation into its foreign exchange accounting… Read this piece in its entirety at Law360.
Mike LaSusa 