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Analysis: Trump’s SEC gave companies more power over investors. Lawsuits pushed them back.
The U.S. SEC's policy shift gave companies more control over shareholder proposals, sparking lawsuits against AT&T, PepsiCo and Axon.
Maryland high court nixes company’s stock buyback plan
Maryland’s top court nixed a real estate company’s Great Recession-era bid to buy back shares of its Class B Stock for about a penny on each dollar invested.
Southwest to hold 2018 shareholder meeting in Annapolis
The annual meeting's location is a sign of Baltimore Washington International Thurgood Marshall Airport’s hub status for the airline.
Are merger suits in Delaware poised for a drop?
Are Delaware’s judges attempting to rein in the shareholder litigation that has become an inevitable sideshow to virtually every corporate takeover? A recent opinion from the Delaware Chancery Court, home […]
Dole Food CEO, former top exec ordered to pay $148M
DOVER, Del. — A Delaware judge on Thursday ordered 92-year-old Dole Food CEO David Murdock and a former top lieutenant to pay $148 million in damages for misleading directors and […]
Under Armour investors approve new shares as Plank keeps control
Under Armour Inc. investors approved the creation of a new class of shares that don’t have voting rights, which will maintain founder and Chief Executive Officer Kevin Plank’s control of […]
Shareholder lawsuit challenges Under Armour stock split
Three days after Under Armour announced a proposed change in its stock structure, a shareholders‘ lawsuit was filed seeking to prevent the plan from proceeding. The potential class-action lawsuit, filed […]
Under Armour stock plan: Good for Plank, but what about shareholders?
Despite a debate over whether Under Armour’s proposed change in stock structure is good for shareholders, analysts who cover the company expressed confidence that strengthening founder Kevin Plank’s control would […]
Here’s how Under Armour’s stock split will boost Plank’s control of company
Under Armour’s board of directors approved a change to the company’s stock structure that would permit the company to continue expansion while also allowing founder and CEO Kevin Plank to […]
McCormick & Co. retirement offer affects mainly Baltimore area
The retirement offer affected about 5 percent of the Sparks-based company's U.S. workforce.
Dolan shareholders: Company is worth more
The Dolan Company’s proposed reorganization plan to exit Chapter 11 bankruptcy significantly undervalues the company’s worth, an official shareholders committee claims.
Smithfield shareholders approve Shuanghui deal
RICHMOND, Va. — Shareholders of Smithfield Foods Inc. on Tuesday approved a plan to sell the world’s largest pork producer and processor to a Chinese company. The Smithfield, Va.-based company […]
