Latest news with #shareholderrights
Associated Press
27-05-2025
- Business
- Associated Press
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INZY, TXNM, SVT, PTIX on Behalf of Shareholders
NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Inozyme Pharma, Inc. (NASDAQ: INZY)'s sale to BioMarin Pharmaceutical Inc. for $4.00 per share. If you are an Inozyme shareholder, click here to learn more about your rights and options . TXNM Energy, Inc. (NYSE: TXNM)'s sale to Blackstone for $61.25 per share in cash. If you are a TXNM shareholder, click here to learn more about your legal rights and options . Servotronics, Inc. (NYSE: SVT)'s sale to TransDigm Group Incorporated for $38.50 per share in cash. If you are a Servotronics shareholder, click here to learn more about your rights and options . Protagenic Therapeutics, Inc. (NASDAQ: PTIX)'s merger with Phytanix Bio Inc. Upon completion of the proposed transaction, Protagenic shareholders are expected to own approximately 35% of the combined company. If you are a Protagenic shareholder, click here to learn more about your rights and options . Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] . Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. One World Trade Center 85th Floor New York, NY 10007 (212) 763-0060 [email protected] [email protected]
Yahoo
22-05-2025
- Business
- Yahoo
Texas business law overhaul would shield Musk pay package and up Delaware stakes
Texas rewrote its business laws, hoping to capitalize on companies' growing discontentment with Delaware. A bill enacted earlier this week makes it significantly harder for shareholders to bring lawsuits like the one that challenged Elon Musk's $56 billion pay package in 2017 and caused the billionaire to move Tesla's legal home from Delaware to Texas. The new law lets companies adopt rules that would require shareholders to hold at least 3% of the stock to file a common type of lawsuit. It also would replace trial by jury — a big risk for companies, given their unpredictability — with a hearing by a judge in a special court for business disputes created last year. While Texas business law is largely untested, the slew of changes has caught the attention of top securities lawyers, some of whom expect clients will be enticed by the corporate-friendly mentality Texas is pushing. Tesla is the biggest company incorporated in Texas and moved last week to adopt that 3% litigation threshold — at current prices, a $31.5 billion bar cleared only by Musk and a handful of passive index funds that are unlikely to ever sue. As the company's board weighs a fresh pay package for the CEO, who has said he will soon refocus on Tesla, it can do so knowing it's unlikely to be sued. A separate bill under consideration could shield companies merely headquartered (rather than legally incorporated) in Texas, a much broader group that includes AT&T and ExxonMobil, from 'gadfly' shareholder proposals by requiring minimum stock holdings of at least $1 million. Exxon has faced such proposals from climate activists and fought back aggressively. And in a move sure to please both Musk and Jamie Dimon, Texas legislators are currently considering a bill that would regulate shareholder advisory firms like ISS and Glass Lewis by requiring them to only consider the financial interest of shareholders when making recommendations. Where this leaves both active and passive shareholders is a larger question. Index funds like Blackrock and Vanguard are unlikely to be particularly opposed to reincorporation out of Delaware, one leading securities lawyer told Semafor. Activist investors, on the other hand, have come to rely on a familiar set of tricks afforded by Delaware law — including books and records requests, known as Section 220 demands in Delaware — to put pressure on companies. Texas' business code allows shareholders to request that information broadly, but puts guardrails on its scope by excluding emails and text messages from being obtained (to the chagrin of journalists, too.) Mercado Libre is asking shareholders to approve a move to Texas. Meta a Texas move, The Wall Street Journal reported, but ultimately didn't put it before shareholders this year. and , both controlled companies, are seeking to move to Nevada. Southwest Airlines and a slew of energy companies are the only other big S&P 500 companies currently incorporated in the Lone Star State. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
15-05-2025
- Business
- Associated Press
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates LNSR, DNB, BRDG on Behalf of Shareholders
NEW YORK, May 15, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: LENSAR, Inc. (NASDAQ: LNSR)'s sale to Alcon for $14.00 per share in cash, with an additional non-tradeable contingent value right offering up to $2.75 per share in cash conditioned on achievement of a milestone. If you are a LENSAR shareholder, click here to learn more about your legal rights and options. Dun & Bradstreet Holdings, Inc. (NYSE: DNB)'s sale to Clearlake Capital Group, L.P. for $9.15 in cash per share. If you are a Dun & Bradstreet shareholder, click here to learn more about your legal rights and options. Bridge Investment Group Holdings Inc. (NYSE: BRDG)'s sale to Apollo. Under the terms of the proposed transaction, Bridge shareholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively. If you are a Bridge shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 [email protected] [email protected] View original content to download multimedia: SOURCE Halper Sadeh LLP
CNA
07-05-2025
- Business
- CNA
UK fund Asset Value Investors launches campaign against Japan's Wacom
TOKYO :London-based investment fund Asset Value Investors has asked Japanese graphic tablet maker Wacom to improve its corporate governance and proposed an external director with capital markets experience, it said on Wednesday. Japanese companies have faced campaigns from investors anticipating higher shareholder returns once long-awaited corporate governance changes are implemented. Wacom's branded products business holds 39 per cent of the global market share in display and pen tablets but has been losing ground to competitors, and the segment has made a loss over multiple years, the investment fund said in a presentation. Its board also lacks a representative with capital markets experience that could better protect shareholder interests, Kaz Sakai, the investment fund's head of Japan research said in an interview. Wacom did not respond to a request for comment outside of business hours. Asset Value Investors first invested in Wacom in 2021, and holds 10 per cent of total voting rights, it said, making it the company's largest shareholder. It considers itself an "engagement investor", pressing for dialogue with management and board members, rather than taking on a more activist role. "We believe these measures will contribute to sustainably protecting the common interests of shareholders," Sakai said. Last month, it launched a campaign against Japanese pharmaceuticals company Rohto to encourage it to focus on its core businesses and engage with shareholders more frequently.
