Tag 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

Posted in IPO, Lawsuit, Private Placement, Public Offering, Twitter | Tagged , , , , , , , , , , | Leave a comment

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

Posted in IPO, Lawsuit, Private Placement, Public Offering, Twitter, Uncategorized | Tagged , , , , , , , , , , | Leave a comment

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

Posted in Business Strategy, Lawsuit | Tagged , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Creditor/Debtor, Elliott Associates, Lawsuit, Vulture Capital | Tagged , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, M&A, Marcato Capital Management, Shareholder Meeting, Shareholder Rights, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Apple, Business Strategy, Intellectual Property, Lawsuit | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, M&A, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, M&A, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Apple, David Einhorn, Hedge Funds, Lawsuit, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment