Fiduciary Management, Inc. Shareholder Derivative Lawsuit

The Wayne County Employees' Retirement System, a shareholder in the FMI Large Cap Fund (the "Fund"), has filed this derivative lawsuit alleging that the Board of Fiduciary Management, Inc. extracted higher investment advisory fees from the captive Fund than from arm's length institutional clients, even where the advisory services provided to those arm's length clients  Read more

Xerox Shareholder Derivative Lawsuit

This shareholder derivative lawsuit was filed for the benefit of Xerox Corporation against certain members of the company's Board of Directors who are accused of breaching their fiduciary duties to shareholders by failing to provide appropriate oversight and internal controls relating specifically to Xerox's acquisition of Affiliated Computer Services, Inc. and the resulting SEC investigation  Read more

SolarCity (SCTY) Shareholder Derivative Lawsuit

This shareholder derivative lawsuit alleges that the Board of Directors of SolarCity pay themselves too much money.    Read more

Advanced Micro Devices (AMD) Shareholder Derivative Lawsuit

This shareholder derivative lawsuit alleges that Advanced Micro Devices (AMD) and its board of directors breached fiduciary duties by failing to implement internal and corporate controls necessary to ensure dissemination of accurate information to shareholders and the investment community, particularly in connection with the release of the company's Llano product.  Read more

USA Technologies Stock Falls After Bad Debt Allowance Increase

This class action lawsuit is brought against USA Technologies alleging failure to disclose (1) significant deficiencies in both the design and operating effectiveness of the company’s internal control over financial reporting; and (2) as a result of these deficiencies, USA Technologies’ procedures failed to identify a large number of uncollectible small balance accounts.  Read more