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Under Armour Inc.’s CEO Kevin Plank and two of its directors were hit with a shareholder derivative suit in Maryland federal court claiming Plank stands to make a big payday using the sports apparel company as the anchor for a multibillion-dollar Baltimore development project his real estate firm is spearheading.
One of the country’s largest industrial suppliers told three Delaware Supreme Court justices Wednesday that contract terms leave no room for former employees of a sold business unit to claim unvested equity awards, despite the appearance of an allegedly triggering event.
Bankrupt retailer Bon-Ton Stores Inc. received court approval Wednesday in Delaware for a transaction that will see all of its 256 store locations liquidated in the coming months after failing to receive a going-concern offer that satisfied the court.
The Seventh Circuit built on its reputation for welcoming data breach plaintiffs in the courthouse door by recently reviving claims against Barnes & Noble, but signaled that this invitation isn't indefinite by suggesting for the first time that companies are likely to have the upper hand as these disputes move forward, attorneys say.
A National Labor Relations Board administrative law judge deemed illegal confidentiality provisions in Lowe’s Home Centers LLC’s code of conduct that prevent employees from discussing salary information, among other things, holding that a recent agency decision explicitly declares such rules unlawful.