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Teva to return rights to experimental cancer therapy

2014-12-30 17:21:14| Biotech - Topix.net

Teva Pharmaceutical Industries Ltd. is returning to OncoGenex the rights to a cancer drug, on which the companies had previously collaborated. Under the terms of an initial agreement, Teva will make a $27 million to OncoGenex of Bothell, Wash.

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American Apparel adopts new stockholder rights plan

2014-12-22 10:20:53| Apparel - Topix.net

Struggling retailer American Apparel Inc said it has adopted a new, one-year stockholder rights plan with a 10 percent trigger. "The board implemented the rights plan as an additional means to ensure that all American Apparel stockholders are treated fairly," the Los Angeles-based retailer said in a statement late on Sunday.

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Recent Developments Relating to Rights to Exclude Shareholder Proposals from Proxy Statements

2014-12-17 02:22:59| Grocery - Topix.net

A recent court decision and no-action letter have brought to light new issues surrounding issuer requests for Securities and Exchange Commission no-action relief with respect to the ability to exclude shareholder proposals from the issuer's proxy statement. On November 26, the US District Court for the District of Delaware ruled that Wal-Mart Stores, Inc. improperly excluded a shareholder proposal from its 2014 proxy statement even though Wal-Mart had previously been granted no-action relief by the Office of Chief Counsel of the SEC's Division of Corporation Finance .

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UPDATE 1-U.S. court dismisses Colombian human rights claims against Occidental

2014-12-16 10:09:53| Energy - Topix.net

A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004. A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to dismiss the lawsuit filed in California by family members of three labor union leaders killed by the 18th Brigade of the Colombian National Army during the incident.

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UPDATE 1-U.S. court dismisses Colombian human rights claims against Occidental

2014-12-16 00:02:17| Oil & Gas - Topix.net

A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004. A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to dismiss the lawsuit filed in California by family members of three labor union leaders killed by the 18th Brigade of the Colombian National Army during the incident.

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