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Activision Blizzard reached a settlement this week over a shareholder's lawsuit in regards to the Call of Duty publisher's October 2013 buyout. As a result, Vivendi and others will pay $275 million to Activision to settle the litigation, which began in August 2013 before Activision's $8.2 billion p...

November 21st 2014 at 1:00pm 0 Comments
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A US judge dismissed a lawsuit filed by shareholders against Zynga today. The lawsuit alleged that Zynga purposely misled shareholders about the financial state of the company, its active user count and potential business prospects in the run-up to, and after, Zynga's initial stock offering in late...

February 26th 2014 at 5:30pm 0 Comments
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Activision's buyback of $8.2 billion of its own shares from Vivendi has been completed, the publisher announced today. It was just yesterday that the Delaware Supreme Court overturned a September ruling that halted the purchase, which followed a lawsuit by an Activision Blizzard shareholder in Augu...

October 11th 2013 at 8:30pm 0 Comments
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Greenlight Capital hedge fund manager David Einhorn has decided to end what Apple CEO Tim Cook has referred to as a "silly sideshow" by dropping the lawsuit he'd brought against 1 Infinite Loop in early February. Filed in conjunction with other Apple shareholders, the lawsuit sought to force Appl...

March 1st 2013 at 4:30pm 0 Comments
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Sony got a stake in Olympus' future when it made a $645 million investment into the troubled camera firm last September, getting a board representative and a controlling share of a medical imaging project. As of this weekend, however, the foot is that much further in the door: it's now Olympus' la...

February 25th 2013 at 12:31am 0 Comments
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Earlier this month, David Einhorn of hedge fund Greenlight Capital and Apple shareholders brought a lawsuit against Apple seeking to force the company to share more of its massive cash reserves with shareholders, and claiming that it had violated SEC rules in a proposed amendent to its corporate...

February 20th 2013 at 6:30pm 0 Comments