(Bloomberg) — Beyond Meat Inc. (BYND) tumbled the most since the company went public in 2019 after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders. Most Read from Bloomberg The stock sank as much as 58% to 84.5 cents in early trading, its worst-ever intraday …
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“Not a day passes that I do not feel profound remorse,” Javice said through tears before U.S. District Judge Alvin Hellerstein in Manhattan federal court. Standing to address the court, she said she was “haunted that my failure has transformed something meaningful into something infamous” and admitted to making “a choice that I will spend my entire life regretting.” The …
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This article first appeared on GuruFocus. Wolfspeed (NYSE:WOLF) has come out of Chapter 11 with less debt, a slimmer share count and a new board, but the reset came at a brutal cost to existing investors. The company wiped away 70% of its debt, or $4.6 billion, and stretched maturities to 2030. Annual interest costs are now 60% lower, giving …
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EXCLUSIVE: Disney‘s risking a high-stakes courtroom showdown about what really went down over Jimmy Kimmel‘s much-criticized suspension unless the Bob Iger-run media giant coughs up some serious documents and information in the next 24 hours. Filming from Brooklyn this week, the sharp-tongued Kimmel’s been back on ABC’s airwaves since September 23 after a weeklong MAGA-induced benching. However, for all the …
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A new letter suggests company brass may have placed “improper political or affiliate considerations above the best interests of the company and its stockholders” Attorneys representing two groups of Disney shareholders are demanding records related to the company’s decision to suspend Jimmy Kimmel under pressure from the Trump administration. As Variety notes, the letters were sent to Disney CEO Bob …
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A group of self-described “pro-democracy” organizations sent a letter to Disney chief Bob Iger on behalf of two shareholders demanding details about ABC’s decision to suspend Jimmy Kimmel amid pressure from the Trump administration. The letter on behalf of the Disney shareholders — the American Federation of Teachers, which is affiliated with the AFL-CIO, and Reporters Without Borders — requested …
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A group of Disney shareholders are exercising their right to demand materials related to the company’s decision last week to suspend Jimmy Kimmel‘s late-night show, a precursor to a potential lawsuit. In a letter to Disney, the American Federation of Teachers and Reporters Without Borders said there’s “credible basis to suspect” that the board breached its fiduciary duty to investors …
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Jimmy Kimmel is back on ABC after a weeklong suspension, but the lawyer who beat Donald Trump in sexual abuse and defamation cases wants the Walt Disney Company to come clean with its shareholders about how it all went down – or else. “There is a credible basis to suspect that the Board and executives may have breached their fiduciary …
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A group of Disney shareholders are demanding that the company turn over documents related to its decision to briefly suspend late night host Jimmy Kimmel’s show last week. In a letter to Disney first shared with Semafor, lawyers representing the American Federation of Teachers, Reporters Without Borders, Inc. and other groups, all of which say they are Disney shareholders, requested …
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