A PG&E shareholder filed a lawsuit on Monday against the utility company’s management stating that the executives, not the people who own the utility’s common stock, should bear the cost of the San Bruno pipeline disaster.
A judge has dismissed a shareholders lawsuit against computer maker Hewlett-Packard and its former CEO Mark Hurd, saying that a company’s standards of business conduct amount to “puffery” that can’t be used in securities fraud lawsuits.
Google has settled a shareholder lawsuit to clear the way for a long-delayed split of the Internet search leader’s stock.
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a “silly sideshow,” even as he said he is open to looking at the shareholder’s proposals for sharing more cash with investors.
A group of shareholders have filed a lawsuit against Facebook, its executives and Morgan Stanley, the lead underwriter of the social networking firm’s initial public offering last week.