Hertz Brass Sued Over EV Write-Downs, Stock Buybacks
By Jarek Rutz
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.
Complaint attached |
Read full article »
| Save to favorites »
COURT OF CHANCERY
Groq Investors Sue Over Nvidia's $20B 'Reverse Acqui-Hire'
By Jarek Rutz
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.
Complaint attached |
Read full article »
| Save to favorites »
BANKRUPTCY COURT
THIRD CIRCUIT
LEGAL INDUSTRY
|