Fiduciary Duty
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INVESTIGATION ALERT: Berger Montague PC Investigates Uber Technologies, Inc.'s Board of Directors for Breach of Fiduciary Duty (NYSE: UBER)
Prnewswire· 2026-01-07 15:36
PHILADELPHIA, Jan. 7, 2026 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC advises shareholders of Uber Technologies, Inc. (NYSE: UBER) ("Uber" or the "Company") about an investigation into Uber's Board of Directors (the "Board") for potential breaches of fiduciary duties owed to the Company and its shareholders, including whether the Board failed to exercise appropriate oversight and governance in connection with rider safety and driver's background checks. Shareholders of UBER may learn ...
One key credential sets trustworthy financial advisors apart, and many still lack this qualification
Yahoo Finance· 2025-12-14 11:00
When it comes to getting advice about your money, you want to have confidence that the guidance you’re getting is in your best interest. In the U.S., that means working with a financial advisor who has fiduciary status. But here’s something many people don’t realize: not everyone in this profession is required to honor these rules and place your needs ahead of theirs. Here’s how to make sure your advisor is the best fit for the job and why being fiduciary matters. Must Read What is a fiduciary, and w ...
Johnson Fistel Investigates General Motors Company (GM) Directors for Potential Breaches of Fiduciary Duty Related to Vehicle Safety and Cruise AV Disclosures
Globenewswire· 2025-12-11 14:55
SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating potential derivative claims on behalf of General Motors Company (NYSE: GM) concerning whether certain officers and directors breached their fiduciary duties to the Company and its shareholders. The investigation arises in the wake of a pending securities class action filed on behalf of investors who purchased GM securities between February 2, 2022 and October 26, 2023 (the “Class Period”). What Sho ...
River Road Asset Management Addresses UniFirst Board Regarding Shareholder Concerns
Globenewswire· 2025-12-05 17:12
Core Viewpoint - River Road Asset Management expresses significant disappointment with UniFirst's Board and management for rejecting a proposed acquisition by Cintas, which was seen as a breach of fiduciary duty and detrimental to shareholder interests [2][6]. Company Performance - UniFirst's financial performance peaked in FY19, but the company has since struggled with labor and benefits inflation, merchandise cost pressure, and limited pricing power to offset these challenges [3][6]. - Under CEO Steve Sintros, UniFirst has lagged behind Cintas in key operational metrics, leading to a widening valuation gap between the two companies [4][6]. Strategic Alternatives - River Road advocates for the exploration of strategic alternatives, including a potential sale of UniFirst, to maximize shareholder value and mitigate execution risks associated with the current operational strategy [7]. Market Context - The competitive landscape in the laundry industry emphasizes the importance of scale, with route density providing advantages in margins and service levels [3]. - The rejection of the Cintas offer has led to a decline in UniFirst's stock price, which has fallen below pre-offer levels, reflecting ongoing operational challenges and a lack of confidence in future growth [6].
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Semrush Holdings, Inc. (NYSE – SEMR)
Globenewswire· 2025-11-19 14:42
Core Viewpoint - The law firm Brodsky & Smith is investigating potential claims against the Board of Directors of Semrush Holdings, Inc. for possible breaches of fiduciary duty related to the company's sale to Adobe for $12.00 per share, totaling approximately $1.9 billion [1][2]. Group 1 - The investigation focuses on whether the Semrush Board failed to conduct a fair process and whether the sale price represents fair value for shareholders, especially since it is below the 52-week high of $18.74 for Semrush shares [2]. - The sale price of $12.00 per share indicates a significant discount compared to the company's recent trading performance, raising concerns about the adequacy of the offer [2]. Group 2 - Brodsky & Smith is a litigation law firm with a strong track record in representing shareholders in securities and class action lawsuits, having successfully recovered millions for clients [4]. - The firm is offering to discuss the legal implications of the investigation with Semrush shareholders without any obligation or cost [3].
The oldest RIAs are 85. How did they become a $144T industry?
Yahoo Finance· 2025-11-18 15:00
"No one picks their RIA because they've got extra fiduciary liability if they do something bad," said Michael Kitces, the longtime planner, writer and entrepreneur from Kitces.com, AdvicePay, the XY Planning Network and Focus Partners Wealth. "You pick your advisor because you think they're going to do something good and work with you effectively in the first place. To me, the growth of the RIA model has very little to do directly with the fiduciary obligation, per se, and it's simply, 'Look, there's one mo ...
Shareholder Alert: The Ademi Firm investigates whether Sealed Air Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-17 16:00
Core Viewpoint - The Ademi Firm is investigating Sealed Air for potential breaches of fiduciary duty and other legal violations related to its recent transaction with CD&R, which involves a significant cash payout to shareholders [1][3]. Transaction Details - Sealed Air shareholders will receive $42.15 in cash per share in an all-cash transaction, with an enterprise value of $10.3 billion [2]. - Insiders of Sealed Air are set to receive substantial benefits as part of the change of control arrangements [2]. Board Conduct - The transaction agreement imposes significant penalties on Sealed Air if it accepts competing bids, which may limit the board's ability to consider other offers [3]. - The investigation focuses on whether the Sealed Air board is fulfilling its fiduciary duties to all shareholders amidst these limitations [3].
JAMF SHAREHOLDER ALERT: BFA Law Announces an Investigation into the Jamf Holding Corp. Take Private Sale on behalf of Current Shareholders
Newsfile· 2025-11-12 12:17
Core Viewpoint - Jamf Holding Corp. is under investigation by Bleichmar Fonti & Auld LLP for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale at $13.05 per share, which may be considered an unfairly low price for shareholders [2][4][6]. Group 1: Investigation Details - The investigation focuses on whether the Jamf board and Vista Equity Partners have acted in the best interests of shareholders regarding the acquisition by Francisco Partners Management, L.P. [4][6]. - Jamf's board did not form an independent special committee to assess the transaction, raising concerns about conflicts of interest, especially since Vista owns 34.4% of Jamf's stock and has the right to appoint four out of nine board members [5][6]. 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 [3][7]. - The law firm BFA operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [7].
If ChatGPT Were an Employee, It’d Get Fired
Yahoo Finance· 2025-10-30 10:00
Core Insights - AI is increasingly being deployed in financial planning, particularly in personalized marketing, lead nurturing, portfolio rebalancing, and compliance monitoring [1][2][3] - The role of financial advisors is evolving from tactical tasks to providing holistic guidance, emphasizing human expertise and trust [2][4][10] AI Deployment in Financial Planning - Personalized marketing and lead nurturing are identified as top AI use cases, with firms planning to increase spending in these areas [1] - AI tools assist in portfolio rebalancing, scenario generation, tax recommendations, cash flow modeling, and compliance anomaly detection [1] - A wealthtech survey indicates that 68% of advisors currently use AI applications, with 43% planning to increase their investment [3] Changing Role of Financial Advisors - Advisors are shifting focus from tactical work to areas where human judgment and trust are paramount, such as behavioral coaching and values-based guidance [2][4][5] - The advisor's responsibilities now include overseeing AI usage to ensure transparency and protect client data [5][10] - Advisors are encouraged to expand their capabilities and reframe their value proposition around helping clients achieve life goals [6][10] Limitations of AI - AI tools, such as ChatGPT, have limitations and cannot fully replace human judgment; they require human oversight to ensure effectiveness [8][9] - The experience with ChatGPT highlights the importance of distinguishing between tasks suitable for AI and those requiring human intervention [9] Future Outlook - The integration of AI in financial planning is expected to redefine fiduciary duties rather than replace fiduciary advisors [10] - Advisors who embrace AI as a supportive tool while maintaining human qualities will be better positioned for future success [10][11]
Shareholder Alert: The Ademi Firm investigates whether PotlatchDeltic is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-10-14 16:00
Core Viewpoint - The Ademi Firm is investigating PotlatchDeltic for potential breaches of fiduciary duty and other legal violations related to its transaction with Rayonier [1]. Group 1: Transaction Details - Shareholders of PotlatchDeltic will receive 1.7339 common shares of Rayonier for each share of PotlatchDeltic stock, implying a price of $44.11 per PotlatchDeltic share [2]. - Upon closing, Rayonier shareholders will own approximately 54% and PotlatchDeltic shareholders will own approximately 46% of the combined company [2]. Group 2: Board Conduct and Limitations - The transaction agreement imposes significant penalties on PotlatchDeltic for accepting competing bids, which may limit competing transactions unreasonably [3]. - The investigation focuses on whether the PotlatchDeltic board of directors is fulfilling their fiduciary duties to all shareholders [3].