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Glenbrook Capital Management Issues Statement Highlighting ISS and Glass Lewis Support of PFS Trust's Shareholder Proposal to Enable Tejon Ranch Shareholders to Call Special Meetings
Prnewswire· 2025-05-07 16:50
Core Viewpoint - Glenbrook Capital Management, a long-time shareholder of Tejon Ranch Co., intends to support Bulldog Capital's nominees for the Board of Directors and a proposal allowing shareholders owning 10% of shares to call special meetings, citing mismanagement and lack of transparency from the current Board [1][2][5]. Group 1: Shareholder Concerns - Glenbrook highlights significant unrecognized value in Tejon Ranch despite years of mismanagement and a lack of transparency from the Board, which has not held quarterly earnings calls, unlike 97% of NYSE companies [2][5]. - The current Board's actions, including the inclusion of former CEO Gregory Bielli, are criticized for contributing to the company's poor stock performance, with Bielli's tenure marked by stagnation [3][4]. Group 2: Proposed Changes - Glenbrook supports Bulldog Capital's recognition of Tejon's untapped potential and the need for a change in direction, advocating for the election of Bulldog's nominees and the approval of Item 4 to enhance shareholder rights [4][5]. - Leading proxy advisory firms ISS and Glass Lewis have recommended voting in favor of the proposal that would allow shareholders to call special meetings, emphasizing the importance of this right for corporate governance and performance [5].
Johnson Fistel Investigates Fairness of Proposed Sale of Skechers to 3G Capital
GlobeNewswire News Room· 2025-05-06 21:38
Group 1 - Johnson Fistel, PLLP has initiated an investigation into the board members of Skechers U.S.A., Inc. regarding potential breaches of fiduciary duties related to the proposed sale of the company to 3G Capital Corp [1] - On May 5, 2025, Skechers entered into a definitive agreement for a go-private transaction with 3G, where shareholders can choose to receive either $63.00 in cash per share or $57.00 in cash plus one unit in the post-closing private entity [2] - Prior to the announcement, Skechers common stock traded near $80.00 per share over the twelve months leading up to the deal [2] Group 2 - The investigation by Johnson Fistel is aimed at shareholders who believe the buyout price is too low and are interested in the details of the investigation [3] - Johnson Fistel is a nationally recognized law firm specializing in shareholder rights and has a history of representing both individual and institutional investors [4] - In 2024, Johnson Fistel was ranked in the Top 10 Plaintiff Law Firms, recovering approximately $90.725 million for clients in securities cases [5]
Skechers Shareholders Unhappy with Merger Should Contact Shareholder Rights Firm Regarding Potential Legal Claims
Prnewswire· 2025-05-05 19:26
Core Viewpoint - Julie & Holleman LLP is investigating the acquisition of Skechers U.S.A., Inc. by 3G Capital, citing potential conflicts of interest and concerns that the deal price is undervalued [1][4]. Company Overview - Skechers is a footwear company controlled by the Greenberg family, which collectively owns over 60% of the company's stock and voting power [2]. Acquisition Details - On May 5, 2025, Skechers announced its sale to 3G Capital, transitioning to a private company. Stockholders may receive either $63 per share in cash or $57 per share in cash plus a share in the post-close private entity, which has trading restrictions [3]. Legal Concerns - Julie & Holleman is pursuing legal claims regarding the fairness of the acquisition deal, particularly focusing on the Greenbergs' conflicts of interest and the perceived undervaluation of Skechers [4].
ELANCO ALERT: Bragar Eagel & Squire, P.C. is Investigating Elanco Animal Health Incorporated on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-30 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Elanco Animal Health Incorporated due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations and Complaints - The class action complaint filed against Elanco alleges that during the Class Period, the company made materially false and misleading statements regarding its business and operations [2] - Specific allegations include that Zenrelia was less safe than represented, and that Elanco was unlikely to meet its timeline for U.S. approval and commercial launch of Zenrelia and Credelio Quattro [2] - The complaint asserts that these misrepresentations led to an overstatement of the company's business and financial prospects [2] Group 2: Contact Information - Long-term stockholders of Elanco are encouraged to contact Bragar Eagel & Squire, P.C. for more information regarding the claims and their rights [3] - The law firm provides contact details for inquiries, emphasizing that there is no cost or obligation for stockholders [3][6] Group 3: About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various complex litigations [4] - The firm operates in both New York and California, focusing on commercial and securities litigation [4]
GROCERY OUTLET ALERT: Bragar Eagel & Squire, P.C. is Investigating Grocery Outlet Holding Corp. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-30 01:00
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Grocery Outlet Holding Corp. (NASDAQ:GO) on behalf of long-term stockholders following a class action complaint that was filed against Grocery Outlet on January 30, 2025 with a Class Period from August 9, 2023, to October 29, 2024. Our investigation concerns whether the board of directors of Grocery Outlet have breached their fiduciary dutie ...
ROCKET LAB ALERT: Bragar Eagel & Squire, P.C. is Investigating Rocket Lab USA, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-30 01:00
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Rocket Lab USA, Inc. (NASDAQ: RKLB) on behalf of long-term stockholders following a class action complaint that was filed against Rocket Lab on February 27, 2025 with a Class Period from November 12, 2024 to February 25, 2025. Our investigation concerns whether the board of directors of Rocket Lab have breached their fiduciary duties to the ...