WASHINGTON: The U.S. Supreme Court on Tuesday threw out a lower court ruling that allowed a lawsuit to proceed against managers of a retirement fund for IBM Corp employees centering on allegations that officials failed to disclose that IBM's microelectronics business was over-valued.
The plaintiffs said the Retirement Plans Committee of IBM, which oversaw the fund, knew or should have known that the business was over-valued and made disclosures to lower the risk of an artificially high stock price and a painful correction once the problems in the unit were made public. The committee's members included senior IBM executives.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Supreme Court asks crime fighting agency to seize local assets of JPMorgan: ReportIndia's Supreme Court on Monday directed the government's crime fighting agency to seize local assets of JPMorgan in relation to some ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
India's Supreme Court asks crime fighting agency to seize local assets of JPMorgan: reportIndia's Supreme Court on Monday directed the government's crime fighting agency to seize local assets of JPMorgan in relation to some ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Top India court confirms 4 men to hang for 2012 bus rape and murderNEW DELHI (REUTERS) - India's Supreme Court on Tuesday (Jan 14) dismissed pleas for a review of the death sentence handed down to four men in the rape and murder of a young woman on a New Delhi bus, leaving an appeal to the President as their only possible recourse.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Israeli court to hear Amnesty bid to revoke NSO export licenseAmnesty International will ask an Israeli court on Thursday to order Israel to revoke the export licence of NSO Group, whose software is alleged ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Canadian court denies media request to broadcast Huawei CFO hearingA Canadian court on Monday denied a media consortium's request to broadcast a portion of hearing seeking to extradite Huawei Technologies Chief ... she did not wear bra.... most cina women in singapore do........hahaha
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
After urinating before judge last year, man facing rape charges now soils himself in courtSINGAPORE: A man facing rape charges defecated in his pants on the way out of court to the washroom, smearing it on his shirt and leaving the ... loser Dominance asserted on the court hmmmmm may want to consider hosing stations at court his behavior speaks of his guilt
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »