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Latest News in Corporate
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October 06, 2026
A Manhattan federal judge sentenced a North Carolina musician to 18 months in prison Tuesday, after he admitted scheming to steal $8 million worth of streaming royalty payments using an army of fake accounts and artificial intelligence-generated songs.
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October 06, 2026
A group of commercial fishermen reached a deal with a Miami seafood wholesaler to resolve antitrust violations in Florida federal court, agreeing to a settlement in exchange for dropping proposed class claims that the company conspired to widen profit margins by artificially suppressing crab claw and spiny lobster tail prices.
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October 06, 2026
A Hertz Global Holdings Inc. stockholder has sued former CEO Stephen M. Scherr and a group of current and former officers and directors in Delaware Chancery Court, accusing them of concealing weak demand for electric-vehicle rentals while pursuing an EV strategy that allegedly left the rental-car company with hundreds of millions of dollars in losses.
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October 06, 2026
The U.S. Securities and Exchange Commission recently proposed eliminating its shareholder proposal rule, but this proxy season's combination of elevated campaign activity, limited formal escalation and measured voting outcomes illustrates why a targeted SEC role remains important, say attorneys at Sidley.
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October 06, 2026
Two former Groq Inc. stockholders have sued the artificial intelligence chip company's directors and a former officer, alleging in a Delaware Chancery Court complaint that they improperly handed Groq's technology and engineering workforce to Nvidia Corp. through a roughly $20 billion reverse acqui-hire without a stockholder vote or a process aimed at getting the best price.
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