(CN) - Shareholders can sue Duke Energy for firing its CEO just hours after he signed a new employment contract, which saw the dismissed CEO paid a $44.4 million severance package, the Delaware Chancery Court ruled.
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) - Investors in life sciences company Sequenom Inc. claim in court that the company is being sold to Laboratory Corporation of America Holdings on the cheap for $371 million.
(CN) - After announcing the need for more time to file its second quarter report, Power Solutions International Inc. saw its share price decline by almost 10 percent, shareholders claim in a class action.
NASHVILLE (CN) - A class claims in court that Corrections Corporation of America didn't tell investors that the federal government was unlikely to renew its private prisons contract, causing stock to drop 39 percent when the news broke.
(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.
(CN) - The Securities and Exchange Commission requested public comment on corporate disclosure requirements related to executive compensation and information about majority shareholders.
DALLAS (CN) - A new rule imposing fiduciary duties on financial advisers closes loopholes for conflicts of interest and will save retirement investors up to $404 billion in the next 20 years, the Department of Labor told a federal judge.
(CN) - In a shift from longstanding policy, the Financial Industry Regulatory Authority wants to expand its trade database to include information on Treasury bond transactions in the multitrillion-dollar secondary market.
(CN) - The Securities Industry and Financial Markets Association is voicing support of the controversial Trans-Pacific Partnership and its new policy ensuring the flow of cross-border data and information, though the agreement continues to face strong opposition.
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.
(CN) - The SEC charged two former executives with misleading investors in 2014 by plugging in fake numbers to overstate the performance of American Realty Capital Properties, a real-estate investment trust.
BROOKLYN, N.Y. (CN) - A decade after his indictment, an Israeli extradited from Namibia pleaded guilty Wednesday in New York to securities fraud charges.