mixmotive/iStock Editorial via Getty Images Famed investor Mario Gabelli has filed a lawsuit that seeks access to Paramount Global’s (NASDAQ:PARA) books and records. The investor is seeking more details about the valuation of National Amusements assets, according to media reports from Puck News, Reuters and others. Gabelli Funds owns aboutContinue Reading
Maks_Lab A group of former Discovery Inc. investors is set to receive $125M after settling a lawsuit related to allegations that the entertainment firm’s 2022 merger with AT&T’s (NYSE:T) WarnerMedia unit generated improper payouts worth more than $1B to company insiders. Subject to the final approval of Delaware Chancery JudgeContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Discover Financial Services (NYSE:DFS) entered a settlement to resolve a class-action lawsuit accusing it of overcharging merchants, according to a recent filing with the U.S. Securities and Exchange Commission. The credit-card issuer had boosted its liability to provide refunds as a result of the cardContinue Reading
Arkadiusz Warguła Arkansas Attorney General Tim Griffin has filed a lawsuit against pharmacy benefits managers Optum and Express Scripts, owned by Cigna (NYSE:CI) and UnitedHealth (NYSE:UNH), over their alleged role in the state’s opioid crisis. The lawsuit filed in the Pulaski County Circuit Court argued that the companies knowingly contributedContinue Reading
