Elon Musk wins shareholder lawsuit over 2018 ‘funding secured’ tweet (NASDAQ:TSLA)

[ad_1] Scott Olson A San Francisco jury ruled Friday in Tesla founder Elon Musk’s favor in a class-action shareholder lawsuit over his 2018 “funding secured” tweet, in which the entrepreneur questionably claimed to have financing lined up to take Tesla (NASDAQ:TSLA) private. “Thank goodness, the wisdom of the people has prevailed!” Musk tweeted Friday after … Read more

Hedge fund lobby group supports shareholder rights in Masimo case By Reuters

[ad_1] © Reuters. By Svea Herbst-Bayliss NEW YORK (Reuters) – The hedge fund industry trade association MFA on Thursday backed an activist investment firm’s push to reverse “draconian” amendments to medical device company Masimo (NASDAQ:) Corp’s bylaws, weighing in on one of investment world’s most closely watched legal cases. MFA on Thursday filed an amicus … Read more

A major shareholder of 3M is questioning the company’s leadership

[ad_1] jetcityimage/iStock Editorial via Getty Images A major shareholder of 3M (NYSE:MMM) expressed doubts about CEO Mike Roman and suggested the manufacturing giant may need a new leader, The Wall Street Journal reported Thursday. Bert Flossbach, co-founder and senior portfolio manager of mutual-fund firm Flossbach von Storch, said in a letter dated January 28 that … Read more