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GES LEGAL UPDATE: The Guess?, Inc. Board of Directors may have Breached its Fiduciary Duties – Contact BFA Law about its Investigation
Globenewswire· 2025-10-14 12:31
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Guess?, Inc.'s board of directors and executive officers for potential breaches of fiduciary duties related to the company's pending sale to Authentic Brands Group LLC at a price of $16.75 per share [1]. Company Overview - Guess is a global fashion retailer with over 1,500 directly operated retail stores and distribution operations in approximately 100 countries, founded in 1981 by the Marciano family [3]. - Paul Marciano, one of the founders, remains on the board and serves as the Chief Creative Officer [3]. Transaction Details - The Marciano family, including Paul Marciano and Maurice Marciano, have negotiated to rollover their ownership to hold up to 49% of the new intellectual property holding company and 100% of the operating company post-closing [4]. Legal Investigation - The investigation by BFA Law focuses on whether the board, executive officers, or stockholders involved in the rollover have breached their fiduciary duties to shareholders in connection with the merger [5].
GES SECURITIES NOTICE: BFA Law's Investigation into the Guess?, Inc. $16.75 Merger Price is Ongoing – Contact the Firm if You Hold Shares
Globenewswire· 2025-10-10 12:18
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Guess?, Inc.'s board of directors and executive officers for potential breaches of fiduciary duties to shareholders related to the company's pending sale to Authentic Brands Group LLC for $16.75 per share [1]. Company Overview - Guess is a global fashion retailer with over 1,500 directly operated retail stores and distribution operations in approximately 100 countries [3]. - The company was founded in 1981 by the Marciano family, who still own a significant portion of the stock, with Paul Marciano serving on the Board and as Chief Creative Officer [3]. Transaction Details - Paul Marciano and other investors have negotiated to rollover their ownership in Guess to own up to 49% of the new intellectual property holding company and 100% of the operating company post-closing [4]. Legal Investigation - The investigation by BFA Law focuses on whether the board of directors, executive officers, and stockholders involved in the rollover have breached their fiduciary duties in connection with the merger [5].
Kuehn Law Encourages Investors of Tempus AI, Inc. to Contact Law Firm
Prnewswire· 2025-09-19 17:35
Core Viewpoint - Kuehn Law is investigating potential breaches of fiduciary duties by officers and directors of Tempus AI, Inc. regarding the company's representation as an AI firm despite limited revenue generation from AI solutions [1] Company Overview - Tempus AI primarily generates revenue from acquisitions, genomic testing, and data licensing agreements rather than from AI solutions [1] - The company has emphasized its relationship with AstraZeneca, citing it as a long-term customer and an example of secure and expanding data licensing agreements [1] Recent Developments - Tempus announced an expanding contract with AstraZeneca through a joint venture involving Pathos AI, indicating efforts to enhance revenue growth [1] - A joint venture with SoftBank was also announced, aimed at entering the Japanese market to drive revenue growth [1] - The acquisition of Ambry Genetics is highlighted, with claims of high revenue potential attributed to strong relationships with healthcare providers [1]
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: HilleVax, Inc. (Nasdaq – HLVX), Steelcase Inc. (NYSE – SCS), LAVA Therapeutics N.V. (Nasdaq – LVTX), Arcadia Biosciences, Inc. (Nasdaq – RKDA)
GlobeNewswire News Room· 2025-08-04 16:05
Group 1: HilleVax, Inc. - HilleVax will be acquired by XOMA Royalty Corporation for $1.95 in cash per share plus one non-transferable contingent value right (CVR) [2] - The investigation focuses on whether the HilleVax Board breached its fiduciary duties by failing to conduct a fair process and whether the consideration provides fair value to shareholders [2] Group 2: Steelcase Inc. - Steelcase will be acquired by HNI Corporation for $7.20 in cash and 0.2192 shares of HNI common stock for each share of Steelcase [4] - The implied per share purchase price is $18.30 based on HNI's closing share price of $50.62 on August 1, 2025 [4] - The investigation concerns whether the Steelcase Board breached its fiduciary duties by failing to conduct a fair process and whether the consideration provides fair value to shareholders [4] Group 3: LAVA Therapeutics N.V. - LAVA will be acquired by XOMA Royalty Corporation for between $1.16 and $1.24 per share in cash, plus a non-transferable CVR [6] - The cash amount consists of a base price of $1.16 per share and an additional amount of up to $0.08 per share [6] - The investigation focuses on whether the LAVA Board breached its fiduciary duties by failing to conduct a fair process and whether the consideration provides fair value to shareholders [6] Group 4: Arcadia Biosciences, Inc. - Arcadia will be acquired by Roosevelt Resources LP, with current equity owners of Roosevelt and Arcadia shareholders expected to own approximately 90% and 10% of the combined company, respectively [8] - The investigation concerns whether the Arcadia Board breached its fiduciary duties by failing to conduct a fair process and the potential dilution of shareholders in the combined company [8]
Johnson Fistel Begins Investigation on Behalf of Live Nation Entertainment, Inc. Shareholders
GlobeNewswire News Room· 2025-07-31 16:09
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into Live Nation Entertainment, Inc. for potential breaches of fiduciary duties and violations of federal securities laws [1] Investigation Details - The investigation follows a class action complaint alleging that Live Nation made materially false and misleading statements and failed to disclose adverse facts about its business and operations [2] - Specific allegations include: 1. Live Nation engaged in anticompetitive conduct, such as charging high fees and retaliating against venues [2] 2. The company is likely to face regulatory scrutiny, fines, penalties, and reputational harm as a result of its actions [2] 3. Positive statements made by the Defendants regarding the company's business were materially misleading and lacked a reasonable basis [2] Shareholder Information - Current stockholders who held Live Nation stock before February 23, 2022, are encouraged to contact Johnson Fistel to discuss their legal rights [3]
OLO INVESTOR ALERT: Olo Inc. Board Investigated for Breaches of Fiduciary Duties in Thomo Bravo Merger – Shareholders Urged to Contact BFA Law (NYSE:OLO)
GlobeNewswire News Room· 2025-07-28 12:36
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Olo Inc. and its leadership for potential breaches of fiduciary duties related to the company's pending acquisition by Thoma Bravo at a price of $10.25 per share, which values Olo at approximately $2 billion in equity [1][3][4]. Group 1: Company Overview - Olo Inc. operates as an open SaaS platform for restaurants, facilitating digital commerce operations including ordering, delivery, engagement, and payments [3]. - Olo's stock is divided into Class A and Class B shares, with Class B shares providing ten votes per share compared to one vote for Class A shares. As of December 31, 2024, directors and executive officers collectively owned approximately 82% of the voting power of Olo's outstanding capital stock [3]. Group 2: Acquisition Details - On July 3, 2025, Olo announced a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction, with shareholders set to receive $10.25 per share [3]. - The purchase price represents a 65% premium over Olo's unaffected share price of $6.20 as of April 30, 2025 [3]. Group 3: Legal Investigation - The investigation by BFA Law focuses on whether Olo's board of directors, executive officers, and CEO Noah H. Glass breached their fiduciary duties in connection with the merger [4]. - Current shareholders of Olo are encouraged to seek additional information regarding their legal options related to the merger [2][5]. Group 4: Law Firm Background - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation, with notable recoveries in past cases [6].
OLO SECURITIES NEWS: Did the Olo Inc. (NYSE:OLO) Board Breach its Duties to Shareholders? Contact BFA Law about the Thoma Bravo Merger
GlobeNewswire News Room· 2025-07-20 11:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Olo Inc. and its leadership for potential breaches of fiduciary duties related to the company's pending acquisition by Thoma Bravo at a price of $10.25 per share, which values Olo at approximately $2 billion in equity [1][3][4]. Group 1: Company Overview - Olo Inc. operates an open SaaS platform designed for restaurants, facilitating digital commerce operations such as ordering, delivery, engagement, and payments [3]. - Olo's stock is divided into Class A and Class B shares, with Class B shares having ten votes per share compared to one vote for Class A shares. As of December 31, 2024, directors and executive officers collectively owned approximately 82% of the voting power of Olo's outstanding capital stock [3]. Group 2: Acquisition Details - On July 3, 2025, Olo announced a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction, with shareholders set to receive $10.25 per share [3]. - The purchase price represents a 65% premium over Olo's unaffected share price of $6.20 as of April 30, 2025 [3]. Group 3: Legal Investigation - The investigation by BFA Law focuses on whether Olo's board of directors, executive officers, and CEO Noah H. Glass breached their fiduciary duties to shareholders in connection with the merger [4]. - Current shareholders of Olo are encouraged to seek additional information regarding their legal options related to the merger [2][5].
STRATEGY INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Strategy Incorporated on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-16 23:44
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Strategy Incorporated (NASDAQ:MSTR) due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the specified class period [1][2]. Group 1: Legal Investigation - The law firm is encouraging long-term stockholders of Strategy who suffered losses between April 30, 2024, and April 4, 2025, to discuss their legal rights [1]. - A class action complaint was filed on May 16, 2025, concerning the alleged misleading statements made by the company's management regarding its business and operations [2]. Group 2: Allegations Against Management - The complaint claims that the anticipated profitability of Strategy's bitcoin-focused investment strategy was overstated [2]. - It is alleged that the risks associated with bitcoin's volatility and potential losses on digital assets were understated, leading to materially false and misleading public statements [2]. Group 3: Contact Information - Long-term stockholders with information or questions regarding the claims can contact the law firm directly via phone or email [3][6].
OLO BREAKING INVESTIGATION: BFA Law is Investigating Olo Inc.'s Board for Breaching its Fiduciary Duties in Connection with the $10.25 Merger Price - Contact BFA Law
GlobeNewswire News Room· 2025-07-10 19:58
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Olo Inc. and its leadership for potential breaches of fiduciary duties related to the company's pending acquisition by Thoma Bravo at a price of $10.25 per share, which values Olo at approximately $2 billion in equity [1][3][4]. Company Overview - Olo Inc. operates an open SaaS platform designed for restaurants, facilitating digital commerce operations such as ordering, delivery, engagement, and payments [3]. - The company's stock is divided into Class A and Class B shares, with Class B shares having ten votes per share compared to one vote for Class A shares. As of December 31, 2024, directors and executive officers collectively owned about 82% of the voting power of Olo's outstanding capital stock [3]. Acquisition Details - On July 3, 2025, Olo announced a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction, with shareholders set to receive $10.25 per share [3]. - The purchase price represents a 65% premium over Olo's unaffected share price of $6.20 as of April 30, 2025 [3]. Legal Investigation - The investigation by BFA Law focuses on whether Olo's board of directors, executive officers, and CEO Noah H. Glass acted in the best interests of shareholders during the merger process [4].
The Law Offices of Frank R. Cruz Announces Investigation of Harley-Davidson, Inc. (HOG) on Behalf of Investors
Prnewswire· 2025-06-02 22:00
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Harley-Davidson, Inc. regarding possible breaches of fiduciary duties to shareholders and allegations of gross mismanagement of the company [1]. Group 1 - The investigation focuses on whether the board of directors of Harley-Davidson has acted in the best interests of shareholders [1]. - Shareholders are encouraged to participate in the investigation if they hold shares in Harley-Davidson [1]. Group 2 - The Law Offices of Frank R. Cruz provides contact information for shareholders who wish to discuss their rights and interests related to the investigation [3].