July 19, 2021
Comments Off on Maryland high court nixes company’s stock buyback plan
Maryland’s top court nixed a real estate company’s Great Recession-era bid to buy back shares of its Class B Stock for about a penny on each dollar invested.
Tagged with: buy back contracts corporations great recession shareholders
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The annual meeting's location is a sign of Baltimore Washington International Thurgood Marshall Airport’s hub status for the airline.
Tagged with: meeting shareholders Southwest Airlines Co.
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October 2, 2015
Comments Off on Are merger suits in Delaware poised for a drop?
Are Delaware’s judges attempting to rein in the shareholder litigation that has become an inevitable sideshow to virtually every corporate takeover? A recent opinion from the Delaware Chancery Court, home to many of these disputes, as well as the transcript ...
Tagged with: delaware mergers and acquisitions shareholders
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August 28, 2015
Comments Off on Dole Food CEO, former top exec ordered to pay $148M
DOVER, Del. — A Delaware judge on Thursday ordered 92-year-old Dole Food CEO David Murdock and a former top lieutenant to pay $148 million in damages for misleading directors and shareholders in a deal that took the company private in ...
Tagged with: crime shareholders Stocks
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August 26, 2015
Comments Off on Under Armour investors approve new shares as Plank keeps control
Under Armour Inc. investors approved the creation of a new class of shares that don’t have voting rights, which will maintain founder and Chief Executive Officer Kevin Plank’s control of the sporting-goods maker. The vote was a formality because Plank ...
Tagged with: Kevin Plank shareholders Stocks Under Armour
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June 19, 2015
Comments Off on Shareholder lawsuit challenges Under Armour stock split
Three days after Under Armour announced a proposed change in its stock structure, a shareholders’ lawsuit was filed seeking to prevent the plan from proceeding. The potential class-action lawsuit, filed Thursday in Baltimore City Circuit Court, alleges the change will ...
Tagged with: litigation shareholders stock Under Armour
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June 16, 2015
Comments Off on Under Armour stock plan: Good for Plank, but what about shareholders?
Despite a debate over whether Under Armour’s proposed change in stock structure is good for shareholders, analysts who cover the company expressed confidence that strengthening founder Kevin Plank’s control would be a positive for the fitness and apparel maker’s future. ...
Tagged with: Kevin Plank shareholders stock Under Armour
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June 16, 2015
Comments Off on Here’s how Under Armour’s stock split will boost Plank’s control of company
Under Armour’s board of directors approved a change to the company’s stock structure that would permit the company to continue expansion while also allowing founder and CEO Kevin Plank to maintain control. The 2-for-1 stock split, which needs approval by ...
Tagged with: Kevin Plank shareholders stock Under Armour
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March 25, 2015
Comments Off on McCormick & Co. retirement offer affects mainly Baltimore area
The retirement offer affected about 5 percent of the Sparks-based company's U.S. workforce.
Tagged with: Baltimore employees meeting shareholders
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June 3, 2014
Comments Off on Dolan shareholders: Company is worth more
The Dolan Company’s proposed reorganization plan to exit Chapter 11 bankruptcy significantly undervalues the company’s worth, an official shareholders committee claims.
Tagged with: Bankruptcy shareholders The Daily Record The Dolan Company
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