Barry Diller-controlled IAC/InterActiveCorp, Match.com and directors of both companies beat a challenge to their $30 billion reverse spinoff in 2020, with a Delaware vice chancellor finding that the lead plaintiffs' derivative claims lack standing and that the spinoff met the necessary elements to make it subject to business judgment protections.
The First Circuit on Wednesday revived a securities suit against Carbonite Inc. over a data backup product that never worked, ruling that the complaint sufficiently alleges that the company's executives either inquired about the product or were reckless in failing to do so.
The First Circuit on Wednesday revived a securities suit against Carbonite Inc. over a data backup product that never worked, ruling that the complaint sufficiently alleges that the company's executives either inquired about the product or were reckless in failing to do so.