Delaware Court of Chancery, left, on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons New Derivative Suit Says Kraft Heinz Shareholders Were Misled on Post-Merger Losses
The new complaint extensively details the plaintiff's pre-suit demand process beginning in October 2021, stating Kraft Heinz, rather than forming an independent committee of directors to investigate, created a working group consisting of two allegedly conflicted directors.
March 07, 2023 at 04:00 PM
3 minute read
Corporate Governance
The original version of this story was published on Delaware Business Court Insider
A Kraft Heinz Co. shareholder has filed a breach of fiduciary duty suit in the Court of Chancery, alleging management kept investors in the dark on cost-saving tactics and government investigations.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
With Potential Whistleblowers Around Every Corner, Companies Under Pressure to Sharpen Compliance
5 minute read
In-House Leaders Trying to Contain Political Divisiveness Face Maze of Challenges
5 minute read
FTC Bans Exec From Chevron Board—Exercising Authority It Doesn't Have, GOP Dissenters Say
5 minute read
Wynn Resorts Bidding Adieu to GC Who Cleaned Up Sexual Harassment Scandal
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
