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Hill-Rom Accused of Wrongfully Pulling Plug on Bardy Deal


Hill-Rom Accused of Wrongfully Pulling Plug on Bardy Deal
Mar 01 2021, 9:28 PM
March 01 2021, 9:02 PM
March 01 2021, 9:28 PM
(Bloomberg) Hospital-bed maker Hill-Rom Holdings Inc. is accused of wrongfully pulling the plug on a $375 million buyout of startup Bardy Diagnostics over changes to government reimbursement rates for its cardiac-monitoring system.Officials of Seattle-based Bardy asked a Delaware judge to force Batesville, Indiana-based Hill-Rom to complete the acquisition, saying the proposed Medicare-payment revisions don’t provide a proper lega.
(Bloomberg) Hospital-bed maker Hill-Rom Holdings Inc. is accused of wrongfully pulling the plug on a $375 million buyout of startup Bardy Diagnostics over changes to government reimbursement rates for its cardiac-monitoring system. ....

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Boeing board let CEO mislead on 737 Max crash causes, suit says


The board ignored red flags about the 737 Max, says court filings
Published: 
February 10, 2021 08:29
Bloomberg
A Boeing 737 MAX 8 is shown on the assembly line. The board ignored red flags about the 737 Max, didn t develop its own tools to evaluate safety, says a court filing.
Image Credit: AP
New York:  Boeing Co. directors, including current Chief Executive Officer David Calhoun, lied about the company s oversight of its 737 Max 8 airliner and participated in a misleading public-relations campaign following two fatal crashes involving the plane, shareholders claim.
The board ignored red flags about the 737 Max, didn t develop its own tools to evaluate safety and didn t properly hold former chief executive officer Dennis Muilenburg accountable for launching a lobbying and public-relations effort to push back against criticism of the plane s design flaws, according to recently unsealed ....

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Boeing lied about 737 MAX after deadly crashes, shareholders say


Boeing Co. directors, including current Chief Executive Officer David Calhoun, lied about the company’s oversight of its 737 Max 8 airliner and participated in a misleading public-relations campaign following two fatal crashes involving the plane, shareholders claim.
The board ignored red flags about the 737 Max, didn’t develop its own tools to evaluate safety and didn’t properly hold former chief executive officer Dennis Muilenburg accountable for launching a lobbying and public-relations effort to push back against criticism of the plane’s design flaws, according to recently unsealed court filings.
“Prior to the grounding of the 737 Max, the board failed to undertake its own evaluation of the safety of keeping the 737 Max aloft,” investors said in an amended Delaware Chancery Court complaint that was made public Feb. 5. The board then “compounded its lack of oversight by publicly lying about it.” ....

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