July 06, 2018
A CSX investor dropped his derivative suit on Friday against the railroad's board over the hiring of former CEO E. Hunter Harrison after new evidence showed both the investor and one of the defendants live in Texas, which means the Florida federal court where he filed his claims lacks jurisdiction.
April 24, 2018
A Florida federal judge on Monday gave a CSX investor until May 14 to amend his derivative suit against the railroad's board over the hiring of former CEO E. Hunter Harrison, striking its first iteration for a lack of diversity jurisdiction and a "shotgun pleading."
April 17, 2018
CSX's board of directors duped shareholders into hiring former CEO E. Hunter Harrison to turn around the railroad with an "outrageous," $300 million compensation package, a reckless move that backfired when Harrison died nine months after taking the helm, according to a suit made public Tuesday.