Category Archives: Lawsuit

Twitter Sued Ahead of IPO – Cause for Skepticism

Part 2: Why the Twitter pre-IPO lawsuit strikes us as strange. Besides the obvious part that it was filed during an IPO roadshow as if they were angling for quick settlement. We discussed some of the facts reported about the … Continue reading

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Twitter Sued Ahead of IPO For By Firms Claiming They Were Hired to Fraudulently Pump Up Its Valuation

Part I: Some of the reported facts on Twitter pre-IPO lawsuit. There have been several reports that Twitter was sued for $124 million today.  Two financial firms claim that Twitter began a process to sell some shares privately to enhance … Continue reading

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Good News For Pandora In Suit Vs. ASCAP

One of the biggest problems with Pandora’s business model is the gray areas in its relationships with performance rights organizations, such as ASCAP and BMI, who collect royalties on behalf of copyright owners.  They like to say they work for … Continue reading

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Argentina Loses Appeal In Bondholder Fight As Court Sides With Bondholder Group Led By Elliott Management

Next up: Supreme Court, if it is willing to take the case. In a victory for investors in sovereign securities, the 2nd Circuit Court of Appeals ruled against Argentina’s appeal of the court order requiring Argentina’s payment of $1.3 billion … Continue reading

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After Dell Pushes Back Record Date for Buyout, Hedge Funds Respond By Buying Dell Shares

Shorter term investors looking for a quick exit now eligible to vote on the Michael Dell/Silver Lake buyout. The much-discussed Dell buyout previous had a record date of June 3, meaning you had to be a stockholder on that day … Continue reading

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Anatomy of a Trade: A Solid Gain For A Very Frustrating Trade

When 4.45% over two weeks hardly feels worth it. As The Underdisclosed.com Fund uses short-term trading strategies, we are usually thrilled at 2% gains per week.  In late June, we noticed a large drop in the stock price for Ebix, … Continue reading

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Argentina Goes to U.S. Supreme Court to Stiff Bondholders

Argentina files suit to avoid paying Elliott Management in battle of naval powers. We have previously stated our admiration for the naval prowess of Elliott Management.  But, Argentina continues to fight back. Argentina has asked the U.S. Supreme Court to … Continue reading

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Corvex Management and Related Fund Management Declare Victory In Attempt To Oust The CommonWealth Directors.

We’ve covered the CommonWealth REIT saga with Corvex Management LP and Related Fund Management LLC, who are trying to oust the CommonWealth directors. The funds, who together own about 9.6% of CommonWealth, announced that they delivered consents from holders of … Continue reading

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CommonWealth REIT: Marcato Joins Fight With Corvex and Related Fund Over Consent Solicitation At CommonWealth.

Getting the band back together. Last we saw Marcato Capital Management, they had teamed up with Corvex Management to reign down some REIT reorg on Corrections Corporation of America (CXW). Last we saw Corvex Management, they had teamed up with … Continue reading

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Let’s Get it Started! sTec Files Proxy Statement For Its Upcoming Contested Election, Nominating Director In Litigation With SEC Over Insider Trading Allegations.

sTec believes a small thing like an SEC insider trading action against its founder/incumbent director/former CEO who resigned under a cloud of an SEC investigation and litigation shouldn’t cause shareholder’s to deviate from its path. sTec filed its proxy statement for … Continue reading

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