Gillian Brassil

4 days ago | news.bloomberglaw.com | Gillian Brassil

Said investor’s compliance claims were vague and unspecificAnd didn’t adequately allege iRobot, former executives’ intentiRobot Corp. rightfully defeated a proposed investor class action over its abandoned Amazon.com Inc. merger because the allegations weren’t specific, the robot vacuum maker told an appeals court.

4 days ago | news.bloombergtax.com | Gillian Brassil

iRobot Corp. rightfully defeated a proposed investor class action over its abandoned Amazon.com Inc. merger because the allegations weren’t specific, the robot vacuum maker told an appeals court. The district court correctly ruled that vague news articles and sparse confidential witness accounts couldn’t support claims the company misrepresented the deal’s prospects and regulatory cooperation, said the appellees’ brief filed in the US Court of Appeals for the First Circuit Monday.

4 days ago | news.bloombergtax.com | Gillian Brassil

Airbnb Inc. wrongly excluded The Heritage Foundation and American Conservative Values ETF’s proposals from 2025 shareholder meeting materials, the entities said in a lawsuit. Airbnb is required under SEC rules to include these proposals for consideration at its annual shareholder meeting on June 4, unless the company previously alerted the submitters that it intended to exclude them and why so they could respond, said the complaint filed in the US District Court for the District of Delaware.

4 days ago | news.bloombergtax.com | Gillian Brassil

InnovAge Holding Corp. agreed to pay $27 million to resolve investor allegations that the elder care company misrepresented its growth potential before its 2021 initial public offering. The lead plaintiffs sought the US District Court for the District of Colorado’s preliminary approval of the settlement on Monday in their class action against the company, its IPO underwriters, a private equity firm, and InnovAge board members, including former Republican Florida Gov. Jeb Bush.

5 days ago | news.bloombergtax.com | Gillian Brassil

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