Murdochs Dodge $82 Million Suit Over $72 Billion Disney-Fox Deal

Billionaire media mogul Rupert Murdoch and his sons don’t have to face a shareholder challenge to the $82.4 million in bonuses they got when selling Fox’s film and TV assets to Walt Disney Co. for $71.6 billion, a Delaware judge ruled Friday. “The critical deficiency in the complaint is the lack of any factual allegations…

Sketchers Settles Lawsuit By Canceling Stock Awards

A Delaware shareholder derivative suit against Sketchers is being settled as the company agrees to cancel $20 million in equity awards issued to founder Robert Greenberg and two top officers in 2019 and 2020. The lawsuit alleged breaches of fiduciary duty, unjust enrichment, and corporate waste for these and other awards as well. The shareholders…

A Professor Filed a Shareholder Lawsuit to Restrict Shareholder Rights

“An enormous zeal for the overdog” — a good description of this effort to get the shareholders of J&J to waive their right to file shareholder lawsuits — permanently. Over the past two years, some senior officials at the Securities and Exchange Commission have indicated that they would be open to corporations foisting mandatory arbitration on…

Goldman Settlement of Investor’s Board-Pay Claims Rejected – Bloomberg

A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm. The ruling comes as part of a chancery court crackdown on so-called “disclosure settlements,’’ in which companies resolve investor…