Recently, Bank of America Corp. settled a class action lawsuit filed by its shareholders for $2.43 billion. The suit arose after Bank of America's acquisition of Merrill Lynch & Co. in 2009 for $18.5 billion.
Since its initial public offering in May 2012, Facebook's stock has taken a significant hit. On May 17, 2012, the stock sold for $38 a share - now, just a few months later, is has declined to slightly over $19 per share.
After a slew of lawsuits alleging fraud and a criminal investigation initiated by the federal government, the offices previously held by Smith Advertising & Associates are now in foreclosure.
In a previous post, we discussed the emerging controversy surrounding the merger of Duke Energy Corp. and Progress Energy. Since then, the problems facing the company have only increased, as those dissatisfied with the sudden CEO change have voiced their concerns about the future of the business.
In January of this year, Macy's Inc. sued Martha Stewart Living Omnimedia Inc., claiming the company violated the terms of its agreement with Macy's when it agreed to sell its products at J.C. Penney, a competitor. A hearing on the breach of contract claim has now been heard, and Macy's has come out on top.