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Latest News in Corporate
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June 08, 2026
OpenAI said Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, an announcement that comes a week after artificial intelligence rival Anthropic said it had done the same.
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June 08, 2026
A North Carolina electric utility must continue facing claims that it passed over a Black executive for company president because of his race, a North Carolina federal judge ruled, trimming the former executive's suit in response to the utility's dismissal motion but preserving the central allegations.
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June 08, 2026
Federal prosecutors have dropped their fraud case against the former CEO of collapsed investment adviser Prophecy Asset Management LP over his alleged involvement in a nearly $300 million hedge fund wipeout.
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June 08, 2026
Cigar manufacturer Drew Estate and the creator of the Deadwood cigar line must take their trademark infringement suit against a South Dakota retailer to state court, the Eighth Circuit ruled on Monday, saying the dispute arises out of a stock purchase agreement that contains a binding forum selection clause.
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June 08, 2026
StubHub and several of its initial public offering underwriters urged a New York federal court to dismiss a shareholder suit accusing them of securities fraud, saying StubHub made all necessary disclosures and acted transparently before the IPO despite investors' claims that it hid information about cash flow and its transition into direct ticket sales.
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