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Fifth Circuit Strikes Down Nasdaq's Board Diversity Rule 9-8
United States Court of Appeals Fifth Circuit, 600, Camp Street, Central Business District, French Quarter, New Orleans, Orleans Parish, Louisiana, 70130, United StatesNasdaq
CONFIRMED83% CONFIDENCE1.8 years agoThe en banc opinion in No. 21-60626 is stamped "FILED December 11, 2024" and "Date Filed: 12/11/2024".[1]The full US Court of Appeals for the Fifth Circuit voted 9-8 to vacate the SEC's approval of Nasdaq's rule requiring listed companies to have a woman and a minority or LGBTQ+ director on the board or explain why not.0.73Supreme Court Refuses Pirani's Last Appeal in the Slack Direct-Listing Case
Supreme Court of the United States, 1, 1st Street Northeast, Ward 6, Washington, District of Columbia, 20543, United StatesSalesforce
CONFIRMED91% CONFIDENCE354 days agoThe Supreme Court's[1][3] order list for 'MONDAY, OCTOBER 6, 2025' lists 25-44 Pirani v. Slack Technologies, Inc. under 'CERTIORARI DENIED'.The justices denied a Slack investor's petition, leaving in place the Ninth Circuit's order to throw out his securities suit over Slack's 2019 direct listing on the NYSE.0.62Deadline for EU Listed Companies to Reach 40% Women on Boards
European Commission, Rue de la Loi - Wetstraat, Quartier des Squares - Wijk van de Squares, Quartier européen - Europese wijk, Bruxelles - Brussel, Brussel-Hoofdstad - Bruxelles-Capitale, Région de Bruxelles-Capitale - Brussels Hoofdstedelijk Gewest, 1040, België / Belgique / BelgienEuropean Union
CONFIRMED82% CONFIDENCE87 days agoArticle 5(1) of Directive (EU) 2022/2381 says listed companies are subject to the 40% or 33% objectives "to be reached by 30 June 2026".[1]From 30 June 2026 large listed companies across the EU are expected to have at least 40% of non-executive board seats, or 33% of all board seats, held by the underrepresented sex, the target date set in the Women on Boards Directive.0.60Judge Trims Nike Investor Suit to One Donahoe 'Innovation Pipeline' Remark
Mark O. Hatfield United States Courthouse, 1000, Southwest 3rd Avenue, Downtown, Portland, Multnomah County, Oregon, 97204, United StatesNike
CONFIRMED83% CONFIDENCE178 days agoThe Opinion and Order in In re Nike, Inc. Securities Litigation, 3:24-cv-00974-AN, is "DATED this 31st day of March, 2026".[1]U.S. District Judge Adrienne Nelson in Portland dismissed most of a securities class action over Nike's direct-to-consumer strategy on 31 March 2026, letting claims against Nike and former CEO John Donahoe go ahead over one September 2023 statement.0.59Judge Brinkema Spares Google an AdX Breakup in Ad Tech Antitrust Case
Albert V. Bryan United States Courthouse, 401 Courthouse Square, Alexandria, VA 22314, United StatesGoogle
CONFIRMED89% CONFIDENCE23 days agoThe court's order (ECF 1857) reads "Signed by District Judge Leonie M. Brinkema on 9/2/2026" and was entered on the docket 09/02/2026.[1]Judge Leonie Brinkema rejected the DOJ's bid to make Google sell its AdX ad exchange, ordering behavioral remedies overseen by a Monitor and Technical Committee instead. Google still stands found liable for monopolizing ad tech.0.59Lululemon Shareholders Back Declassifying the Board at the 2026 Meeting
1818, Cornwall Avenue, Kitsilano, Vancouver, Metro Vancouver Regional District, British Columbia, V6J 4M6, CanadaLululemon
CONFIRMED88% CONFIDENCE92 days agoThe 8-K reports the results of "the 2026 annual meeting of stockholders held on June 25, 2026"; the definitive proxy sets it for June 25, 2026 at 8:00 a.m. Pacific Time, online.[1]At an uncontested annual meeting after the Wilson settlement, shareholders elect Chip Bergh, Esi Eggleston Bracey and Teri List and back Chip Wilson's proposal to declassify the board by 73.1 million votes to 0.3 million.0.59EU General Court Refuses to Suspend Commission's VMware Document Demand
Court of Justice of the European Union (General Court), Boulevard Konrad Adenauer, Kirchberg, 2514 LuxembourgBroadcom
CONFIRMED86% CONFIDENCE53 days agoThe order on EUR-Lex is headed "ORDER OF THE PRESIDENT OF THE GENERAL COURT 3 August 2026" and signed "Luxembourg, 3 August 2026"; EUR-Lex lists its date of document as 03/08/2026, and no time is published.[1]The General Court's President dismissed Broadcom's bid to suspend the Commission's demand for communications with in-house lawyers qualified outside the EU, finding no prima facie case and that the Commission's interest in enforcing competition rules prevails (T-280/26 R). The annulment action continues.0.59Babcock & Wilcox Board Approves $50 Million Share Buyback
1200, East Market Street, East End, Goodyear Heights, Akron, Summit County, Ohio, 44305, United StatesBabcock & Wilcox
CONFIRMED85% CONFIDENCE74 days agoStated as done in the release datelined "AKRON, Ohio – July 13, 2026": B&W "today announced that its Board of Directors has authorized a share repurchase program of up to $50 million".[1]B&W's board authorised buying back up to $50 million of its common stock, starting after its second-quarter 10-Q, with no expiry date and subject to its lenders. The same day it called its last $61.4 million of 2026 notes for redemption.0.59Judge Young Rules Hundreds of NIH Grant Terminations Illegal
Moakley US Courthouse, 1, Courthouse Way, Seaport, Boston, Suffolk County, Massachusetts, 02210, United States
National Institutes of Health
CONFIRMED88% CONFIDENCE1.3 years agoStated as firm, per GBH News (16 June 2025): Judge William Young ruled at "Monday"'s hearing that NIH acted illegally in terminating about 800 research grants; STAT's same-day report: "A federal judge deemed on Monday".[1]Ruling from the bench in Boston, Judge William Young found NIH's termination of about 800 research grants on diversity and LGBTQ health "arbitrary and capricious" and ordered payments to resume, calling the record racial discrimination.0.58Appeals Court Voids Trump's Half-Billion-Dollar Civil Fraud Penalty
Appellate Division New York State Supreme Court, East 25th Street, Rose Hill, Manhattan Community Board 5, Manhattan, New York County, New York, 10010, United StatesNew York Supreme Court, Appellate Division
CONFIRMED89% CONFIDENCE1.1 years agoThe slip opinion People v Trump, 2025 NY Slip Op 04756, reads "Decided and Entered: August 21, 2025", Appellate Division, First Department.[1]New York's Appellate Division, First Department, threw out the roughly $464.6 million disgorgement award against Donald Trump and his company as an excessive fine, while leaving the fraud liability and business restrictions in place.0.57Judge Lets Investors' Securities Suit Against Lululemon Go Ahead
40, Centre Street, Civic Center, Lower Manhattan, Manhattan, New York County, New York, 10007, United States
CONFIRMED91% CONFIDENCE178 days agoDocket entry 58, dated Mar 31, 2026: "ORDER granting in part and denying in part 53 Motion to Dismiss" by Judge Andrew L. Carter, Jr.[1]A Manhattan federal judge partly denied Lululemon's motion to dismiss a shareholder class action over its 2023-24 statements, finding plausible claims of misleading statements and scienter, citing alleged insider trading.0.57Babcock & Wilcox Closes $230 Million Stock Offering
1200, East Market Street, East End, Goodyear Heights, Akron, Summit County, Ohio, 44305, United States
CONFIRMED87% CONFIDENCE130 days agoStated as done in the release datelined "AKRON, Ohio – May 18, 2026", which "announced today the closing of its previously announced underwritten public offering"; the 8-K says "The Offering was consummated on May 18, 2026."[1]B&W sold 12.4 million new shares at $18.50 each, raising about $230 million with the underwriters' extra shares, and Applied Digital bought about 540,500 of them. The money is meant to expand steam turbine and boiler production for AI data centre power plants.0.57