As claims poured in from Hurricane Ida, executives of Lighthouse Insurance Co. scrambled to land an infusion of cash from investors, both to assuage concerns from regulators and in hopes of keeping the firm afloat.
Tag: investor lawsuit
Paramount Global Directors Agree to $168 Million Investor Settlement Over Merger
Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company.
U.S. Investors Sue Credit Suisse for ‘Downplaying’ Impact of Losses
US shareholders are suing Credit Suisse for giving false and misleading public statements and downplaying the impact of its losses.
Lyft Investors Sue Over Slump, Claiming Overhyped IPO
Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price. Two separate class-action complaints against Lyft, as well as its officers and directors and underwriters, were filed Wednesday in state court in the company’s hometown,… Continue reading Lyft Investors Sue Over Slump, Claiming Overhyped IPO