A New Jersey federal judge on Monday adopted a recommendation to dismiss a shareholder derivative class action that alleged executives of Canadian pharmaceutical company Bausch Health Cos. Inc. tried to cover up a price-gouging scheme.
(Bloomberg) Abu Dhabi sovereign fund ADQ is in talks to invest about $500 million in India’s Flipkart, according to people familiar with the matter, as the Walmart Inc.-backed e-commerce firm raises funds ahead of a potential initial public offering next year.
Flipkart is seeking to raise at least $3 billion and could decide to increase the amount to as much as $3.75 billion, as investors have shown significant interest.