Environmental, Social & Governance (ESG)

Elite Shareholder Suits Firm’s Nasty Divorce Comes at Tough Time

The messy exit of a group of lawyers from Manhattan’s Bernstein Litowitz comes as the firm known for taking on corporate giants faces new challenges to its business model.

Warner Bros. Begins Exclusive Deal Talks With Netflix

Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions.

Stellantis Gets Canada Default Notice After Jeep Moved to US

The Canadian government told Stellantis NV it’s in default on its taxpayer-backed financial aid after it moved auto production to a US plant, Industry Minister Melanie Joly said.

Ex-CEO Pardoned by Trump Refuses to Testify in Antitrust Suit

Longtime sports and entertainment executive Tim Leiweke declined to answer Justice Department questions on Thursday as part of a civil antitrust case, according to people familiar with the matter. Earlier this week he received a presidential pardon in a separate bid-rigging case.

Snap’s $65 Million Investor Settlement Gets Initial Court Nod

Snap Inc. has gained a US judge’s preliminary approval of its $65 million agreement to end a proposed class action that claimed the technology giant misled investors about how Apple Inc. privacy changes would impact its advertising business.

Latest Stories

SpaceX Eyes Record $800 Billion Valuation in Insider Share Sale

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company.

Altice USA Executives Split Nearly $2 Million in Special Bonuses

Three top executives of Optimum Communications Inc. — previously known as Altice USA — will split nearly $2 million in special cash bonuses to reward their contributions to the telecommunications company’s capital raising efforts. The award comes days after Optimum sued its largest creditors for allegedly blocking it access to credit markets.

ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.

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