Tag Archives: Lawsuit

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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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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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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Update to Opps Tracker

Happy New Year. As our first order of business of 2013, we updated took advantage of the fiscal cliff market bounce to update our locked-in gains in the Opps Tracker. We have been tracking Monster Energy Corporation (MNST) since late … Continue reading

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The Monster Unleashed? Monster Energy Drinks Being Reviewed by FDA and Sued by Parents Whose Child Died After Drinking Them.

Buying Opportunity for Monster Beverage or Toss the Giant Can in the Trash? The FDA is reviweing reports that Monster energy drinks played a role in the deaths of five people, including a 14-year old girl whose parents are suing … Continue reading

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