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Appeals court upholds class action status in oil spill suit
2015-09-09 20:57:52| Energy - Topix.net
" A federal appeals court says litigation alleging that BP misled investors about the rate of oil flowing after an offshore oil rig explosion in 2010 can proceed as a class action lawsuit. Tuesday's 5th U.S. Circuit Court of Appeals ruling means that the lawsuit, led by pension funds in New York and Ohio, can continue on behalf of all purchasers of certain types of BP securities during a 33-day period after the Deepwater Horizon disaster in the Gulf of Mexico.
Tags: action
class
status
court
Delaware Court Holds Interested Directors Liable for 'Fairer Price' In Going Private Transaction
2015-09-09 19:34:10| Beverages - Topix.net
In one of the largest ever M&A-related recoveries for shareholders, Vice Chancellor J. Travis Laster ordered Dole Food Company, Inc.'s Chairman and CEO, David Murdock, and Dole's former President, COO and General Counsel, C. Michael Carter, to pay $148 million to class members for breaching their fiduciary duties in connection with a leveraged buyout. In re Dole Food Co., Inc. Stockholder Litig.
Tags: price
private
interested
court
Delaware Court Holds Interested Directors Liable for 'Fairer Price' In Going Private Transaction
2015-09-09 15:47:22| Agriculture - Topix.net
In one of the largest ever M&A-related recoveries for shareholders, Vice Chancellor J. Travis Laster ordered Dole Food Company, Inc.'s Chairman and CEO, David Murdock, and Dole's former President, COO and General Counsel, C. Michael Carter, to pay $148 million to class members for breaching their fiduciary duties in connection with a leveraged buyout. In re Dole Food Co., Inc. Stockholder Litig.
Tags: price
private
interested
court
Court orders end to Lufthansa strike
2015-09-09 13:27:47| BBC News | Business | UK Edition
A German court orders an end to the Lufthansa pilots' strike, which has led to 1,000 cancelled flights and affected 140,000 travellers.
BP wins one court ruling, loses another over 2010 Gulf spill 3:48 pm...
2015-09-08 23:36:37| Oil & Gas - Topix.net
A U.S. appeals court said BP P.L.C., which in July reached an $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class action lawsuits claiming that the oil company defrauded shareholders over the disaster. The 5th U.S. Circuit Court of Appeals in New Orleans said investors who bought BP's American depositary shares in a 33-day period soon after the spill may pursue group claims that BP initially "lowballed" the oil flow rate, and that the share price tumbled as the crisis' magnitude became known.
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