Securities law
Xpeng Inc. co-founder Xiaopeng He has disclosed a significant share purchase, acquiring 3.1 million Class A ordinary shares in the open market through his entity Galaxy Dynasty Limited. This acquisition saw Mr. He purchase the shares at an average price of HK$80.49 per share over two days
Securities law
The DC Circuit Court of Appeals recently struck down the Securities and Exchange Commission's (SEC) 2020 Proxy Advisor Rule, allowing unaccountable proxy advisors to continue manipulating important voting decisions affecting thousands of companies without recourse. This ruling enables the duopoly of proxy advisors, Glass Lewis and Institutional Shareholder
Securities law
SPS Commerce, Inc. announced the appointment of Mark Partin as a new director and board member, effective August 18, 2025. Partin will serve on the Audit Committee and will receive compensation in accordance with the company's non-employee director compensation program. The board increased its size from seven to
Securities law
The Johannesburg Stock Exchange has issued a company announcement regarding the interest rate reset for Amber House Fund 5 (RF) Limited Notes. The announcement states that for the interest period from August 21, 2025, to November 21, 2025, the interest rates for the various classes of notes will be as
Securities law
Lockheed Martin Corporation, a leading defense technology company, is being sued in a class action securities lawsuit alleging that the company made false statements and concealed issues with its contracts and financial reporting. The lawsuit seeks to recover losses of shareholders who were negatively affected by the alleged securities fraud
Securities law
Investors who suffered losses on their Lineage, Inc. (NASDAQ: LINE) investments due to alleged false statements and concealed information may be entitled to a potential recovery under the federal securities laws. A lawsuit has been filed on behalf of all purchasers of Lineage common stock in or traceable to the
Securities law
KinderCare Learning Companies, Inc. (NYSE: KLC) is facing a class action lawsuit alleging violations of the Securities Act of 1933 related to its October 2024 initial public offering. The lawsuit claims that the company sold over 27 million shares of common stock at $24 per share, generating $648 million in
Securities law
Daimler Truck Southern Africa Limited, a leading manufacturer of commercial vehicles in South Africa, has been listed on the Johannesburg Stock Exchange's (JSE) Interest Rate Market. The listing, which came into effect on 21 August 2025, marks a significant milestone for the company as it seeks to raise
Securities law
The Ontario Securities Commission (OSC) has made a decision to grant an exemption for Brookfield Reinsurance Ltd.'s (the Filer) at-the-market distribution of Class A-1 Exchangeable Shares. This decision is in line with the securities legislation of Ontario, as outlined in National Instrument 44-102 Shelf Distributions (NI 44-102). The
Securities law
A shareholder advocacy group, Investors for Paris Compliance, has filed a complaint with Alberta's securities watchdog, alleging that Cenovus Inc. and Enbridge Inc. have misled investors through inaccurate and incomplete environmental disclosures. The group argues that the companies have breached the Alberta Securities Act by extensively using net-zero
Securities law
A shareholder rights law firm, Johnson Fistel, PLLP, is investigating possible securities law violations by Merchants Bancorp (NASDAQ: MBIN) and its executives, alleging misrepresentation or failure to timely disclose information to investors. Those who purchased Merchants Bancorp securities and suffered losses may be eligible to join the investigation. Individuals with
Securities law
The Moscow Exchange PJSC Trading System will introduce changes to the trading codes for several securities, effective from the trading day on September 2, 2025. This change affects the investment units of the Exchange-traded mutual investment fund of market financial instruments "First - Eternal Portfolio Fund" issued by
