The FTX and Alameda debacle is in the fourth month after the entities filed for chapter 11 bankruptcy protection. FTX, under current CEO John J. Ray III, has tried to recover as many assets as possibl...
Tag: Shareholders
Signature Bank and former executives sued by shareholders for alleged fraud
On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial offi...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders – Bitcoin News
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hidi...
Silicon Valley Bank Sued by Shareholders Alleging Fraud
24 seconds ago | 2 mins read Bitcoin News Silicon Valley Bank has over $16 billion in unrealized losses as of the closing date. The complaint alleges mismanagement of circumstances that led to its dow...
Signature Bank Shareholders Lose Everything As Regulator Shuts It Down — Just Days After Silicon Valley Bank Collapse
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators … [+] announced that the New York-based bank had failed and was being seized. At more than $110 b...
Trouble Grows For Silicon Valley Bank As Shareholders File Lawsuit
In the midst of the ongoing crisis, recent reports suggest that a number of shareholders have initiated legal action against the Silicon Valley Bank, its parent corporation and several of the bank’s m...
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 th...
WSJ: Carl Icahn says Grail deal cost Illumina shareholders $50 billion
Shares of Illumina Inc. ILMN, +14.70% were up about 8% in premarket trading on Monday after the Wall Street Journal reported Sunday that Carl Icahn is planning a proxy fight. The billionaire activist ...
Is USDC Going To “Zero” ? Major Shareholders Selling Off USDC Could Mean Total Value Drop to Zero, Says CryptoQuant Founder
The stablecoin market is in turmoil following the depegging of Circle Internet Financial’s USDC stablecoin from its intended $1 price. The event has been called a “harrowing development” for a product...
Shareholders Side With Apple on Contentious Votes, Analyst Eyes $230 Per Share
Apple (AAPL) won support for all of its voting proposals at its annual shareholders’ meeting on Friday, despite some controversy and disagreements. Key Takeaways • Apple secures a ‘clean s...
Signature Bank Announces Availability of Materials for 2023 Annual Shareholders’ Meeting and Special Meeting of Holders of Series A Preferred Stock
NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq:SBNY), a New York-based, full-service commercial bank, announced today the Bank’s proxy materials for its 2023 Annual Meeting of Shareholders are now av...
Adidas Slashes Dividend Amid Fallout From Kanye West Breakup
Topline German sportswear giant Adidas unveiled plans to slash its dividend on Wednesday, reiterating warnings the company could face its first annual loss in decades following the costly decision to ...
Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders – Bitcoin News
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin an...
PayPal Stock Price Fearful of Shareholders Passing Mini-Tender
PayPal stock price formed a steep down trend since the beginning of February. PayPal (NASDAQ: PYPL) is an American multinational fintech company operating an online payments system. It extends the fac...
BitFlyer’s ex-CEO vies for former role: Bloomberg
Yuzu Kano, the co-founder of Japanese crypto exchange BitFlyer, is reportedly planning to retake his old position as chief executive officer of the firm, according to a Bloomberg report. Kano’s ...
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Warren Buffett published his highly anticipated annual letter to Berkshire Hathaway shar...
Tesla shareholders seek to void Elon Musk’s $55 billion pay package
WILMINGTON, Del. — Attorneys for a Tesla shareholder urged a Delaware judge on Tuesday to invalidate a 2018 compensation package awarded by the company’s board of directors to CEO Elon Musk that is po...
Who Decides How Woke Corporations Should Be?
Tumelo’s software takes fund managers out of the ideological crossfire, making it easier for common shareholders to have a say on diversity, the environment and workplace conditions. Georgia Stewart, ...
TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more...
Genius Group stock soars toward 5 1/2-month high after plan to issue $10 NFT coupons to shareholders
Shares of Genius Group Ltd. GNS, +33.02% soared 28.1% toward a 5 1/2-month high in premarket trading Thursday, after the the Singapore-based education company, said it will reward its shareholders by ...
Chevron Returns $75 Billion To Shareholders As White House Fumes
Chevron (CVX) will launch a massive $75 billion share buyback and raise its dividend, the Dow Jones energy giant announced late Wednesday. The news comes ahead of fourth-quarter earnings due on Friday...
New Juventus President And CEO Address Shareholders Meeting
Gianluca Ferrero and Maurizio Scanavino after the Juventus Shareholders’ Meeting Juventus FC via Getty Images Back in November, the entire board of Juventus Football Club resigned. This was – as...
Tom Brady, & Coinbase Among The Major FTX Shareholders
The FTX collapse in 2022 has brought down many companies and individuals who were in relation with the company. The firm filed for Chapter 11 bankruptcy in November 2022 after which its founder and CE...
Bed Bath & Beyond’s lifeline comes at ‘incredible cost’ to shareholders, analyst warns
Bed Bath & Beyond Inc.’s equity offering may be a lifeline as the troubled retailer teeters on the brink of bankruptcy — but it could spell trouble for the company’s shareholders, according to Wed...