(CN) - Capital One's board did not consciously disregard its responsibility to oversee the bank's compliance with anti-money laundering laws, the Delaware Chancery Court ruled in dismissing a shareholder derivative suit.
(CN) - Books-A-Million minority shareholders cannot claim the book seller's directors allowed the company to be sold too cheaply to the controlling Anderson family when they voted to approve the take-private merger, the Delaware Chancery Court ruled.
(CN) - The Delaware Chancery Court ruled that shareholders can replead several claims against New Residential Investment after suing the company for allegedly overpaying for Home Loan Servicing Solutions in a $1 billion acquisition in April.
SHERMAN, Texas (CN) - A federal judge dismissed the SEC lawsuit against Texas Attorney General Ken Paxton, handing him a first legal victory since he was indicted on state criminal securities fraud charges last year.
(CN) - Shareholders cannot sue Vertex Pharmaceuticals insiders for dumping $30 million in stock after the company overstated the success of a trial treatment for cystic fibrosis, the First Circuit ruled.
(CN) - American Capital Agency Corp stockholders claim in court that the company overcharged hundreds of millions of dollars for management fees that were funneled to executive officers and directors as compensation.
(CN) - Two insurers claim that reinsurer Beechwood Re Ltd. "bamboozled" them into turning over the keys to a $550 million trust, without disclosing that it was a front for high-risk hedge fund Platinum Partners.
(CN) - A Tile Shop investor says company insiders sold $100 million in stock while they raised $195 million from the public without revealing major conflicts of interest with its Chinese supplier that led it to sell lead-contaminated tiles.
SAN FRANCISCO (CN) - A class of Twitter investors claims the company misled shareholders about its growth projections just before its stock prices plummeted.
CHICAGO (CN) - The Chicago Board Options Exchange is appealing a decision of the Securities and Exchange Commission after the regulator declined to hear a case brought by market makers who claim they were improperly charged fees in connection with Payment for Order Flow programs.
(CN) - Shareholders claim in court that Monster Worldwide Inc. is on the verge of being sold to Randstad North America Inc. for an inadequate price.
(CN) - A merger between Medivation Inc. and a Pfizer subsidiary undervalues the company just as its poised to reap billions in profits, shareholders claim in a federal class action.
(CN) - Juno Therapeutics Inc. stock plummeted after it was forced to disclose that development of a cancer-killing drug was put on hold by the U.S. Food and Drug Administration due to the death of a drug trial patient, shareholders claim in a class action.
(CN) - Heart-device maker St. Jude Medical claims a financial firm intentionally and "despicably" spread false information about the cybersecurity of its pacemakers to profit when its share price plummeted on patients' fears.
(CN) - Misleading information filed with the SEC in connection with Oracle's pending acquisition of NetSuite Inc. for $9.3 billion dollars tainted the deal, shareholders claim in court.
(CN) - American Renal Associates Holdings Inc. lured dialysis patients away from Medicare/Medicaid plans to more expensive Obamacare plans that paid higher reimbursement rates, causing the company's stock to tumble once the illegal scheme was uncovered, shareholders claim in a class action.
(CN) - The North American Securities Administrators Association has thrown its support behind proposed changes to intrastate crowdfunding rules it says will benefit local, small businesses attempting to raise capital.
(CN) - Financial services trade groups want the U.S. to lobby for a "smooth" and "transparent" financial transition as Britain exits the European Union.
(CN) - The Securities and Exchange Commission has proposed requiring hyperlinks for exhibits in certain electronic filings, and HyperText Markup Language (HTML) format to facilitate their use. HTML format allows electronic documents to include hyperlinks that link to another place within the same document or to a separate document.
DALLAS (CN) - Texas' highest criminal appeals court refused to hear Attorney General Ken Paxton's appeal of securities fraud charges, paving the way for trial that could send him to state prison for 99 years.
WASHINGTON (CN) - The Supreme Court this month took up the stuggle to figure out how to compare monetary benefits and less tangible, interpersonal benefits in a case that could disrupt the way the government prosecutes insider trading.
(CN) - The Securities and Exchange Commission charged Anheuser-Busch InBev Wednesday with bribing government officials in India to increase sales in that country, the same day shareholders approved a $100 billion merger with SABMiller.
WASHINGTON (CN) - An apology from the head of Wells Fargo did little to quell Senate anger over the 2 million bogus accounts the bank opened in its customers' names without their knowledge.