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Ex-Matterport CEO Sues Over Stock Trading Restrictions

ADVERTISEMENT Ex-Matterport CEO Sues Over Stock Trading Restrictions Law360 (July 13, 2021, 7:27 PM EDT) The former CEO of Matterport Inc. launched a lawsuit against the 3D model maker in Delaware Chancery Court on Tuesday claiming that it is trying to unilaterally apply a number of onerous restrictions on his shares of the company that don t track with the treatment other shareholders are getting. Bill Brown said Matterport, whose shares will soon be traded publicly, has retroactively imposed the restrictions on his 1.3 million shares, including, among other things, prohibitions against freely trading his stock for the 180-day period following the company s reorganization.

Investor Sues FireEye Over $1 2B Private Equity Deal

ADVERTISEMENT Investor Sues FireEye Over $1.2B Private Equity Deal Law360 (July 13, 2021, 11:10 PM EDT) A FireEye Inc. investor sued the cybersecurity company in Delaware Chancery Court on Tuesday, seeking to investigate claims that its planned $1.2 billion deal with Symphony Technology Group, a private equity firm, would rip off public investors for the benefit of its CEO. Michelle Altieri says that she sought information from the company on June 28 about the pending deal, and that on June 29, the company received her demand, but that the company has failed to respond within five business days, as required by Section 220 of the Delaware General Corporation Law.

One motion still on Albertsons plate in lawsuit – Idaho Business Review

One motion still on Albertsons plate in lawsuit – Idaho Business Review
idahobusinessreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idahobusinessreview.com Daily Mail and Mail on Sunday newspapers.

Investors Sue Amazon For Docs On Market Clout, Tax Parries

ADVERTISEMENT Investors Sue Amazon For Docs On Market Clout, Tax Parries Law360 (June 3, 2021, 1:37 PM EDT) An Amazon.com Inc. pension fund investor sued the online retail conglomerate in Delaware s Chancery Court on Thursday, seeking expedited action on demands for records on director and officer handling of alleged anti-competitive conduct and tax-avoidance tactics. The Oklahoma Firefighters Pension and Retirement System says its suit for corporate books and records caps nearly a year of allegedly nearly futile negotiations with the global business. Documents sought are described as focusing on potential derivative claims seeking recoveries for the company for individual wrongdoing. The fund says it made the demands to seek evidence that the board and management may have breached their.

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