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Matthews v. Rynd et al
Case Number:
4:11-cv-02706
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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October 11, 2011
Hercules Battles Investor Suit Over Exec Pay Hikes
Hercules Offshore Inc. fought back Tuesday in Texas against an investor's lawsuit accusing the offshore drilling and boat services provider's board of trustees of breaching its fiduciary duties by approving hefty pay hikes for top executives in 2010.
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September 19, 2011
Hercules Investor Points To Say-On-Pay Vote In Raise Row
A Hercules Offshore Inc. investor argued Friday in Texas that a shareholder say-on-pay vote rejected hefty raises for top executives in 2010 and sufficiently demonstrated that the board of directors had breached its fiduciary duties by approving the pay hikes.