corporate governance
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Wisconsin Attorney General Josh Kaul has filed a lawsuit to prevent billionaire Elon Musk from distributing $1 million payments to voters ahead of the state’s Supreme Court election. Kaul argues that Musk’s proposed financial incentives violate Wisconsin’s election bribery statutes, which explicitly prohibit offering anything of value in exchange for voting. The move has sparked…
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In a stunning legal development, Kirk Burrowes, co-founder of the iconic Bad Boy Entertainment record label, has filed a lawsuit against Janice Combs, the mother of Sean “Diddy” Combs, alleging fraud and unjust enrichment. The lawsuit, filed Wednesday in Manhattan federal court, accuses Janice Combs of secretly assuming control of Burrowes’ 25% ownership stake in…
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Retail giant Target has been hit with a shareholder lawsuit alleging that the company misled investors about the risks associated with its Diversity, Equity, and Inclusion (DEI) and Environmental, Social, and Governance (ESG) initiatives. The legal action, led by the City of Riviera Beach Police Pension Fund in Florida, claims that Target concealed the potential…
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The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging that the billionaire violated federal securities laws by failing to disclose his acquisition of a significant Twitter stake within the required timeframe. The complaint, filed in Washington, D.C.’s federal court on Tuesday, centers on Musk’s delayed disclosure of surpassing the…
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