Corporate governance - Vigil

The order for 660 cars will be built at the company’s historic train works in Derby, England

Valeant is reporting a US$302 million net loss for its second quarter — nearly six times bigger than during the same period last year

The court concluded that the plaintiffs had sufficiently rebutted the business judgment rule and stated claims under “entire fairness” review because they alleged that a majority of Riverstone’s directors had usurped a corporate opportunity by personally investing $4.65 million in other companies operating in Riverstone’s general line of business, knew that Riverstone’s shareholders were investigating potential derivative claims against them in connection with those investments, and nonetheless proceeded to negotiate a sale of the company for $94 million to an acquirer that agreed not to pursue any litigation against them, including, by implication, the threatened usurpation claims.

In a forthcoming article, we critique Delaware’s system for awarding prejudgment interest in stockholder appraisal actions and propose a set of reforms designed to improve upon the existing regime.

LAVAL, Que. – Valeant Pharmaceuticals (TSX:VRX) is reporting a US$302 million net loss for its second quarter — nearly six times bigger than during the same period last year — but the company is sending a message that things will get better.

A Seatbelt for an Airline Value Stock, Just in Case, Stocks: LUV, release date:Aug 08, 2016

The Conference Board Employment Trends Index™ (ETI) increased in July, after increasing in June. The index now stands at 128.28, up from 127.89 (a downward revision) in May.

The EY Center for Board Matters collects and analyzes governance data for more than 3,000 US public companies through its proprietary corporate governance database. We invite you to explore Corporate Governance by the Numbers.

Rackspace Hosting Inc. is nearing a sale to a private-equity firm, two years after the cloud-computing company said it would explore a deal amid heightened competition in the fast-growing market.

Hedge fund Elliott Management Corp. has sued AbbVie Inc. over its failed 2014 inversion deal, saying the drugmaker misled investors about whether tax savings were at the heart of its $54 billion agreement to buy Shire PLC.

The size of a wage gap between the chief and staff matters to workers.

Even among a select group of high-profile bank holding companies, we find that filing firms frequently (1) report their holdings of securities that do not appear on the SEC’s Official List, (2) report inaccurate market prices for securities that do appear on the SEC’s Official List, and (3) file amended 13F reports that can be less accurate than the original filings. Overall, our evidence shows that the widespread reliance on 13F filings for institutional ownership figures is unwarranted.