Core Viewpoint - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. regarding their decision to terminate negotiations with the company's controlling stockholder, assessing whether this decision aligns with the duties owed to all stockholders, especially minority holders [1]. Group 1 - The investigation focuses on the impact of the Board's decisions on stockholder rights, including the balance of control within the company and the treatment of non-controlling investors [2]. - Shareholders of Grindr are encouraged to participate in the investigation and can find more information through a provided link [2]. - Johnson Fistel, PLLP is a recognized law firm specializing in shareholder rights, representing both individual and institutional investors in various legal actions [3]. Group 2 - In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [4].

SAN DIEGO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP announces an investigation into potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. (NYSE: GRND). The investigation concerns the Board’s decision to terminate negotiations with Grindr’s controlling stockholder and whether that decision—and related recent corporate actions—were consistent with the duties owed to all stockholders, particularly minority holders. We are reviewing whether the Board’s choices may have impa ...

Core Viewpoint - Jamf Holding Corp. is under investigation for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale at a price of $13.05 per share, which may be considered unfair to shareholders [1][3]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on whether Jamf's board and Vista Equity Partners have acted in the best interests of shareholders regarding the acquisition by Francisco Partners Management, L.P. [5][3]. - Jamf's board did not form an independent special committee to assess the acquisition, raising concerns about conflicts of interest, especially since Vista owns 34.4% of Jamf's stock and has the right to appoint four board members [4][3]. Group 2: Shareholder Implications - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them regarding the proposed transaction [2][6]. - The acquisition deal is contingent upon a shareholder vote, but Vista's involvement in the vote has not been excluded, which could influence the outcome [4][3].

Core Viewpoint - Tesla has amended its corporate bylaws to limit shareholders' ability to sue the company for breaches of fiduciary duties, requiring a minimum ownership threshold of 3% of outstanding shares to initiate such lawsuits [1][2][3]. Summary by Sections Corporate Bylaws Change - The new bylaw took effect on May 15, establishing that shareholders or groups must hold at least 3% of Tesla's issued and outstanding shares to maintain a derivative proceeding [2]. - Tesla's current market capitalization exceeds $1 trillion, meaning a 3% stake would be valued at over $30 billion [2]. Legal Context - The change leverages a Texas state law that allows corporations to impose ownership thresholds for shareholder lawsuits against insiders for fiduciary breaches [3]. - This law is particularly significant for Tesla, which is incorporated in Texas, as it creates a substantial barrier for potential lawsuits [4]. Historical Comparison - Previously, while incorporated in Delaware, a shareholder with just nine shares successfully initiated a lawsuit that led to the rescindment of Elon Musk's 2018 compensation package [4]. - The Delaware Chancery Court found that Musk had effectively controlled the company, and the board misled shareholders regarding the compensation plan [5]. Implications of Incorporation Change - Following the Tornetta decision, which prompted Musk to advise against incorporating in Delaware, Tesla moved its incorporation to Texas in June 2024 after receiving shareholder approval [6]. - Tesla is currently appealing the Tornetta decision, with the Delaware Supreme Court set to determine the fate of Musk's shares from the 2018 pay plan, valued at approximately $56 billion [7].