Law360@Law360

10 months ago

BREAKING: A Delaware vice chancellor dismissed a proposed class suit seeking damages or additional shares for former AMC preferred stockholders who alleged they were wrongly diluted in a deal that settled a hotly contested share conversion. https://t.co/FGsSuZb7iW https://t.co/TqbJIAqHSF

A Manhattan judge dismissed a shareholder lawsuit claiming Peloton concealed the declining demand for its home exercise equipment post the COVID pandemic, saying optimistic Peloton statements about its future were accompanied by 'very detailed warnings' https://t.co/spzi9EDMpC https://t.co/Lc5V0lo2lM

US District Judge Jesse Furman in Manhattan threw out a $6.4 billion lawsuit against Bristol Myers Squibb after finding that UMB Bank was never properly appointed trustee for the former Celgene shareholders that it sued on behalf of. Subscribe: https://t.co/2kiHcLPvkS https://t.co/TcUW9CrtAu