Didi reports Q2 revenue up 10.9% YoY to ~$7.8B, overseas revenue up 28% YoY, and a ~$350M net loss, driven by a one-off ~$740M charge in a shareholder lawsuit
Intel defeats a shareholder lawsuit accusing it of fraudulently concealing problems in its foundry unit, leading to job cuts and a $32B stock plunge
complaints stemmed from single-day $32B devaluation in 2024 AleksandarK / TechPowerUp : Intel Confirms Long-Term TSMC Partnership, About 30% of Wafers Outsourced to TSMC Rob Thubron / TechSpot : Judge...
SCOTUS dismisses Meta's appeal of a lower court order reviving a shareholder lawsuit for allegedly misleading investors on the 2015 Cambridge Analytica scandal
Washington — The Supreme Court on Friday dismissed Facebook's appeal of a lower court order reviving a shareholder lawsuit brought …
Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices
Connor Hart / Wall Street Journal :
Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices
The e-commerce platform denied allegations that it made misstatements about its antitrust and exclusivity practices
Qualcomm agrees to pay $75M to settle a shareholder lawsuit over accusations of defrauding them by hiding alleged anticompetitive sales and licensing practices
Jonathan Stempel / Reuters :
Netflix defeats a shareholder lawsuit claiming the company hid the impact of account sharing; NFLX fell ~50% from January to April 2022 after growth warnings
Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company …
A Delaware judge rules in favor of Oracle founder Larry Ellison in a shareholder lawsuit alleging the company overpaid for Netsuite's $9.3B acquisition in 2016
A Delaware judge has ruled in favor of Oracle founder Larry Ellison in a shareholder lawsuit alleging that he coerced …
A US judge dismissed a shareholder lawsuit against Block over its 2021 Tidal acquisition, saying the company was “free to make a terrible business decision”
A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition …
Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value
Brody Ford / Bloomberg :