Category Archives: Shareholder Disputes
Medical Technology Company Faces Shareholder Lawsuit Over Delayed Shipment
According to a report from the Medical Device Business Journal, Outset Medical—a medical technology company based in San Jose, California—is facing a shareholder lawsuit over a shipment hold that was placed on one of its products in June of 2022. There was a sharp drop in the company’s share price after news of the… Read More »
Federal Judge Removes Plaintiffs Attorneys In FirstEnergy Shareholder Litigation
According to a report from Cleveland.com, a federal judge has removed the plaintiffs’ attorneys in the FirstEnergy shareholder lawsuit. The judge also asked for applications from new lawyers to replace them. The judge ruled that the attorneys in question improperly attempted to evade oversight in the case. In this article, our Miami shareholder dispute… Read More »
Report: Shareholders Are Increasingly Suing Companies Over Lack Of Diversity
According to a report from Bloomberg Law, an increasing number of shareholders are looking to the courts to help increase diversity in the workplace. These types of lawsuits are generally filed on the basis that a poor work environment contributes to a lack of diversity and, in the long-run, causes fundamental damage to the… Read More »
Multinational Corporate Giant Unilever Faces Shareholder Lawsuit Of The Ben And Jerry’s “Boycott” Of Israel
According to a report from Reuters, Unilever—the London-based multinational consumer goods company—is facing a lawsuit from a shareholder over Ben and Jerry’s boycott of Israel. The shareholder contends that the company mismanaged the situation. Below, our West Palm Beach shareholder dispute lawyer discusses the allegations raised in the lawsuit. Background: Unilever Acquired Ben &… Read More »
What To Know About Shareholder Agreements And Mandatory Arbitration
Are you involved in a shareholder dispute in Florida? If so, it is crucial that you know your rights under the shareholder agreement and state law. Many modern shareholder agreements contain contract language calling for arbitration for any disputes. You may hear this referred to as a mandatory arbitration provision or a forced arbitration… Read More »
Spirit Airlines Facing Shareholder Lawsuit Over Potential Deal With Frontier
Spirit Airlines is one of the nation’s top low-cost commercial carriers. It is headquartered in Miramar, Florida. The company is currently prepared to pursue a merger with one of the nation’s other most prominent budget carriers, Frontier Airlines. In recent weeks, the deal has been disrupted by a late-attempt by JetBlue to buy Spirit… Read More »
Shareholder Files Lawsuit Over Oscar Health IPO
According to a report from Fierce Healthcare, a shareholder has filed a class action lawsuit against Oscar Health. A New York City based health insurance firm, Oscar Health markets itself to consumers as providing flexible plans that offer greater telemedicine services. In March of 2021, Oscar Health raised more than $1 billion from investors… Read More »
Netflix Shareholders Sues Company Over Slumping Subscription Numbers
On May 4th, 2022, Reuters reported that a group representing Netflix shareholders has filed a lawsuit against the company arguing that corporate leadership made material misrepresentations about the firm’s ability to keep growing its subscriber base. The shareholder lawsuit was filed in the federal court in the Northern District of California. Here, our West… Read More »
An Overview Of Shareholder Rights In Florida
Are you a minority shareholder of a company in Florida? If so, it is crucial that you know your rights under state law. Shareholder rights help to ensure that the best interests of minority shareholders are properly protected by majority stakeholders and the officers/directors of the company. In this blog post, our Miami shareholder… Read More »
Dispelling Three Of The Most Common Myths About Shareholder Derivative Lawsuits
As a shareholder, your interests matter. You can take legal action if your rights have been violated. There are two types of shareholder lawsuits: Derivative claims and direct claims. The Cornell Legal Information Institute defines a shareholder derivative suit as “a lawsuit brought by a shareholder on behalf of a corporation.” There are many… Read More »
Twitter Shareholder Files Lawsuit Against Elon Musk
In early April, Tesla and SpaceX CEO Elon Musk announced that they obtained a 9.2 percent stake in Twitter, making him the social media giant’s single largest shareholder. Since that time, there has been some major conflict between Mr. Musk and Twitter’s Board of Directors. Mr. Musk is now reportedly amassing an offer to… Read More »
Four Key Elements Of A Shareholder Lawsuit In Florida
A minority shareholder is a somewhat vulnerable position. By definition, they have limited ability to exercise control over the company—which means they must rely on corporate officers and corporate directors to protect the value of their investment. Under Florida law, shareholders have rights. They may even be able to file a claim against a… Read More »
Shareholder Rights In Florida: What Is A Voting Agreement?
A shareholder agreement controls a relationship between a corporation and its shareholders. It outlines the rights and responsibilities of shareholders. There are actually two different types of shareholder agreements in Florida: Standard Shareholder Agreement, which deals with operations; and Voting Agreement, which deals with control of the company. If you are a shareholder who… Read More »
Shareholder Litigation: Rivian Accused Of Misleading Investors About Vehicle Prices
According to a report from Reuters, Rivian Automotive Inc—an electric vehicle manufacturer based in Irvine, California—is facing a shareholder lawsuit for allegedly misleading investors about the pricing of its vehicles. The shareholder is seeking class action certification for the lawsuit. In this blog post, our West Palm Beach shareholder disputes attorneys explain some of… Read More »
Federal Judge: Chemours Must Face Shareholder Lawsuit Over Alleged Mistreatment Of Maximum Potential Liability For Hazardous Chemicals
According to reporting from Reuters, a federal judge has ruled that Chemours—the Wilmington, Delaware headquarter American chemical company—must face a lawsuit from shareholders over its alleged misrepresentation of the cost of certain environmental cleanups. However, some of the other claims raised by the shareholders were dismissed. In this article, our Miami shareholder disputes lawyers… Read More »
Survey: Class Action Shareholder Lawsuits Are Expected To Rise Sharply In 2022
According to a report from the Valdosta Daily Times, U.S. companies are preparing for a steep rise in class action litigation—especially class action lawsuits that are being initiated by shareholders. A recent survey from a reputable organization found that corporate leaders are anticipating a 27 percent increase in class action litigation, the highest increase… Read More »
Shareholder Derivative Claims: What Is A Special Litigation Committee (SLC)?
There are two main types of shareholder lawsuits: Direct action and a derivative claim. The Cornell Legal Information Institute defines a shareholder derivative action as “lawsuit brought by a shareholder on behalf of a corporation.” A minority shareholder may pursue derivative litigation when they believe that the company itself has a valid claim, but… Read More »
Teva Pharmaceutical Industries Settles $420 Million Shareholder Lawsuit
A massive settlement has been reached in a major shareholder lawsuit over the pricing of generic drugs. According to reporting from Reuters, Teva Pharmaceutical Industries—the Israeli multinational pharmaceutical company—will pay approximately $420 million to resolve an outstanding claim by shareholders. The world’s second largest manufacturer of generic drugs, Teva Pharmaceutical Industries recently faced legal… Read More »
Shareholder Dispute: Appraisal Actions
By definition, minority shareholders are in a less advantageous position than those with majority control. Unfortunately, minority stakeholders in a business are sometimes mistreated. Majority shareholders, corporate officers, and corporate directors may even abuse their position of power. Appraisal rights are among the most important tools that minority shareholders can utilize to ensure that… Read More »
What To Know About ‘Demand Futility’ And Shareholder Derivative Lawsuits In Florida
As of January 1st, 2020, the State of Florida modified its procedural requirements for shareholder derivative lawsuits. Plaintiffs in these cases must establish demand futility before they can proceed with legal action. This raises an important question: What is demand futility in a shareholder derivative lawsuit? In this article, our Miami shareholder dispute attorneys… Read More »
