Share this article
Share this article
GEORGETOWN, Del., July 12, 2021 /PRNewswire/ In a lawsuit filed by Diamond McCarthy LLP and Whiteford, Taylor & Preston LLP in Delaware Chancery Court, Tom Rogers and Hank Ratner, former board members of WinView, Inc., are/have been accused of advancing their personal interests over their fiduciary duty to common stockholders in forcing the three-way merger that created Engine Media Holdings last year. The lawsuit alleges that Rogers, Ratner, and the board disregarded viable alternatives, and threatened and misled WinView s shareholders to advance a merger plan designed to benefit the defendants financially while common shareholders were left with virtually nothing. The suit also claims that Graham Holdings, WinView s largest shareholder , ignored and acted in opposition to the interests of the common stockholders when their representative, the chair of the board committee responsible for evaluating the proposed merger, failed to retain a fi
Share this article
Former shareholders seek damages and to unwind merger
WILMINGTON, Del., Jan. 25, 2021 /PRNewswire/ In a lawsuit filed in Delaware Chancery Court, Tom Rogers and Hank Ratner, former board members of WinView, Inc., were accused of advancing their personal interests over their duty to common stockholders when arranging the three-way merger that created Engine Media Holdings last year. As a result of their actions, Rogers and Ratner benefited financially from the merger and joined the board of the new company, while common shareholders were left with virtually nothing. The suit, filed by Diamond McCarthy on behalf of the plaintiff shareholders, calls for the reversal of the merger, a monetary damages award and the return of patents covering online and sports betting to WinView, which contributed them in the ill-fated merger.
of the show. that has been very weak. take a look at boeing. of about 2%. microsoft unveiling the new 8.1, windows 8.1. dupont, coca-cola, some of the names leading the way. it is interesting, also, as you watch different stories. names like blackberry with a top. china relief rally. gdp numbers, that is what we are talking about. samuel adams and buffalo wild wings up almost 3% today. thank you very much. see you in 15 minutes. lori: let s talk about gold. the price of the pressures meddle humbling for the first time. let s talk to phil flynn. it is sentiment on what the feds do. it is concerns about china and the fed pulling back here and how far will it fall? $1200 is what traders look at. with his drop in gold down to 1250, this is probably the closest we have been to the nominal cost of production in over a decade. this is a very critical area. it will be interesting to see if this 1200 holds their key area. lori: does it mean in this cycle? give me a time frame. t
are. countdown to the closing bell starts right now. liz: good afternoon, everybody. i m liz claman. we just say that dow session highs. slightly off at the moment among but we are seeing numbers and having a great day for the bulls. it is the last hour of trading. major u.s. stock indices are climbing. precious metals are plummeting. that follows what might have been a market first. the first quarter gdp came out showing that theeu.s. economy grew at a slower rate than previously thought. three different numbers for every quarter. this is the second revision. so for the first revision with the second number which came in a downward revised. just under 2 percent compared to an earlier forecast. that sent treasurys lower. higher, rather. yields lower, and traders selling off with a weaker reports that give investors confidence that the fed will mass scale back its bond buying program anytime soon. here we go with the yield down sixxbasis points. that is for the 10-year. o
estimate. liz was just talking about microsoft. microsoft releasing microsoft 8.1. the full version will be released later this year. the new version reinstates the start button. liz: discovery plans to offer a streaming service to consumers that would charge cable subscribers an extra six-eight dollars a month. the project is still two-five years away. interest rates began to rise. the lowest levels since november november 2011. liz: the owners of the empire state building have received another on this unsolicited offer. the supreme court delivered a landmark that forgave rights. it struck down proposition eight in california affectively clearing a path for gay marriage to resume in that state. after the bell starts right now. let s get right to today s action. a positive day in the market. we have marked new gentoo is warning of more downside volatility. todd is in the pits of this cme. that, let s get to you. the market got ahead of the fed. they will not be doin