shareholder lawsuit – Charm

Intel defeats shareholder lawsuit over foundry losses, $32 billion plunge

Cs news4 months ago03 mins

By Jonathan Stempel (Reuters) – Intel (INTC) won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business, leading to job cuts and a dividend suspension that wiped out more than $32 billion of market value in one day. In a decision made public on Tuesday, U.S. District…

Bill Ackman Says His Management Company Will Leave Delaware for Nevada

Cs news5 months ago04 mins

Billionaire hedge fund manager Bill Ackman says he is moving his management company out of Delaware. It follows similar statements from companies like DropBox, Meta, and SpaceX. Some corporations are turning against Delaware, historically considered a business-friendly state. Bill Ackman, the billionaire CEO of Pershing Square Capital Management, says he will move his management company…