Category Archives: Lawsuit

Apple And Samsung: What Goes Around … Comes Around.

ITC rules Apple infringes on Samsung patents and bans the importation and sale of some Apple products, including the iPhone 4. There has been significant coverage of the Apple/Samsung patent wars.  As of last fall, Apple appeared to be the … Continue reading

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CommonWealth REIT to Shareholders: We’ve Considered Your Thoughts On The Matter Of Our Board Of Trustees. Please Note Our Middle Finger.

Shareholders vote against election of trustee, so CommonWealth board members appoint him to fill his own vacancy caused by his own resignation triggered by his own electoral smackdown at the hands of the shareholders. At the annual meeting of the … Continue reading

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Corvex Is At It Again, Targeting Another REIT. This Time: CommonWealth REIT, Tag, You’re It

Corvex and Related team up to take on CommonWealth, and it is getting messy. When we last checked in on Corvex Management (run by a former Icahn protégé), it was busy creating some shareholder value at Corrections Corporation of America … Continue reading

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Point to Einhorn, Greenlight In First Volley Of Apple Litigation Over Shareholder Meeting

As we previously reported, David Einhorn and Greenlight Capital are unhappy with how Apple bundled some shareholder proposals for its upcoming annual meeting.  Specifically, it would remove some discretion from Apple’s directors before implementing Einhorn’s preferred method of returning cash … Continue reading

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A Closer Look At the Description of Parker Drilling’s Proposed Settlement with DOJ, SEC

Parker Drilling will pay a bunch of money, promise to be good and tattle on itself for three years. If not, all bets are off and DOJ and SEC can still unleash the hounds. Parker Drilling Company (PKD) announced today … Continue reading

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Apple Responds to Greenlight, Einhorn: We’ll Take It Under Advisement, After the Shareholders Meeting

Apple (AAPL) responds to hedge fund proposal for dividend yielding preferred stock, but expect the proposal to remove preferred stock from Apple corporate charter to proceed. After Greenlight Capital and David Einhorn fired a broadside against Apple’s cash allocation practices … Continue reading

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New PRO Report on Apple Goes Behind the Numbers On Its Cash Position and Why It Is Drawing the Attention, and Lawsuits, of Activist Shareholders

New post at the PRO Reports discussing Greenilight Capital and David Einhorn’s dispute and Lawsuit with Apple over how to deploy its massive cash hoard. Join our PRO section today!

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Valley Forge Composite Welcomes New Directors As It Welcomes An Investigation Into Allegations of Illegal Exports of Military Equipment to Hong Kong

New Directors: “We are excited to be on the board. Now about those D&O policies . . .” The setup: Valley Forge Composite Technologies, Inc. (VLYF), a bulletin board company, is in the business of selling mechanical devices (momentum wheels) … Continue reading

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U.S. To Sue S&P Over Mortgage Securities Ratings

In completely unrelated news, S&P downgraded the United States’ credit rating in August 2011. Standard & Poors Rating Services, a subsidiary of The McGraw-Hill Companies, Inc. (MHP), issued a press release announcing that the U.S. Department of Justice told them … Continue reading

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Grab a Brew. Don’t Cost Nothing. Because the U.S. Department of Justice Won’t Allow You To Buy It if You Are Anheuser-Busch InBev and Grupo Modelo.

U.S. Government moves to block merger of Bud Light and Corona parent companies on antitrust grounds. The setup: In June 2012, Anheuser-Busch InBev (Euronext: ABI)(NYSE: BUD) and Grupo Modelo, S.A.B. de C.V. (BMV: GMODELOC) announced that ABInBev would acquire the … Continue reading

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