Tag Archives: SHAREHOLDER

WASHINGTON, March 7 (Reuters) – The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s (GOOGL.O) attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left private user data exposed. The justices left in place a lower court’s ruling that revived the lawsuit brought over the 2018 incident that the company was slow to disclose, turning away Alphabet’s appeal. The lawsuit, led by the state of Rhode Island, was filed… Source link

NEW YORK, NY / ACCESSWIRE / October 13, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against The Boston Beer Company, Inc. (“Boston Beer” or the “Company”) (NYSE:SAM). On September 8, 2021, after the market closed, Boston Beer announced that it was withdrawing its 2021 financial guidance issued on July 22, 2021 as a result of a decrease in demand for its hard seltzer… Source link

If you want to know who really controls Yandex N.V. (NASDAQ:YNDX), then you’ll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Warren Buffett said that he likes “a business with enduring competitive advantages that is run by able and owner-oriented people.” So it’s nice to see some insider ownership, because it may suggest that management is owner-oriented. … Source link

By Jonathan Stempel NEW YORK, Sept 27 (Reuters) – A U.S. judge on Monday dismissed a lawsuit accusing Tilray Inc , the world’s largest cannabis producer by sales, of fraudulently overstating the value of a marketing and revenue-sharing agreement with Authentic Brands Group Inc. U.S. District Judge Paul Crotty in Manhattan said shareholders failed to show that the Canadian company exhibited “conscious misbehavior or recklessness” in trumpeting the agreement, when it knew that regulatory… Source link

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But when you pick a company that is really flourishing, you can make more than 100%. For instance, the price of Yandex N.V. (NASDAQ:YNDX) stock is up an impressive 254% over the last five years. And in the last month, the share price has gained 15%. We note that Yandex reported its financial results recently; luckily, you can catch up on the latest revenue and profit… Source link

June 16 (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc (GOOGL.O) accused Google of misleading them by concealing security vulnerabilities, including in its Google+ social network. The 9th U.S. Circuit Court of Appeals in San Francisco said the lawsuit raised a “strong inference” that Alphabet and its then-Chief Executive Larry Page knew about the bugs and an internal memo on security issues, and Alphabet intentionally… Source link

The New York Times The Caribbean Conundrum: United by Tourists, Divided by COVID On the glassy blue waters surrounding the U.S. Virgin Islands, catamarans and pleasure yachts have packed the shoreline for the past year — a scene so busy and crowded, it is unimaginable, even before the pandemic. Indeed, the business of charter yachts is booming, and expected to pump at least $88 million into the local economy this season, almost double the roughly $45 million that came in 2019, according to… Source link

After a year of employee strife, regulatory scrutiny and public rancor, Google has asked its shareholders to vote against proposals seeking to examine some of its recurring issues. Alphabet Inc. GOOGL, +0.43% GOOG, +0.49%, Google’s parent company, is asking shareholders at its annual meeting to vote against eight shareholder proposals that seek answers or changes related to content takedowns, anticompetitive actions and… Source link

Bloomberg Fight Between Commodities Giants and Shippers Leaves Seafarers Stuck (Bloomberg) — A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards. In an effort to keep deliveries of food, fuel and other raw materials on schedule, some of the big commodities firms are avoiding… Source link