Content about Corporations law

August 7, 2013

Office Depot sent its shareholders a letter this morning urging them to vote for its 10 nominees for the board of directors at its annual shareholders meeting on Aug. 21.

June 27, 2013

George Zimmer, the founder and executive chairman of Men’s Wearhouse who was stripped of his executive chairman title last week and has been engaging in a war of words with the retailer ever since, continued his verbal battle in an open letter released on June 26.

June 21, 2013

Shareholders of Dollar Tree re-elected 11 members of the board of directors at the company’s annual meeting on June 20.

June 19, 2013

A report by Bloomberg said that Orchard Supply Hardware Stores Corp. has been given approval by the bankruptcy court to seek bids from liquidators to run going-out-of-business sales at eight underperforming stores and potentially another 22.

May 15, 2013

Preliminary results from the Safeway annual stockholder’s meeting show that a majority of stockholders followed board of directors recommendations in electing each of the eight directors with a majority of at least 73%.

September 26, 2012

The Wet Seal said that two independent proxy advisors, Institutional Shareholder Services and Egan-Jones Proxy Services, recommended that the chain’s shareholders reject efforts by Clinton Group to replace six members of the company’s board of directors.

September 21, 2012

Executive compensation has always been a hot topic in corporate America — and the retail industry is no exception. These days, two trends are upping the attention paid to pay at the top: the ongoing move to performance-based equity, and the scrutiny compensation packages are receiving from increased SEC regulations and shareholder involvement.

September 17, 2012

The Clinton Group Inc., a 7% shareholder in Wet Seal, made a formal request to replace most of the retailer’s current board of directors.

April 24, 2012

In response to the New York Times article about compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart VP corporate communications, David Tovar on Tuesday made the following statement:

July 29, 2011

According to court papers filed with the U.S. Bankruptcy Court in Manhattan, Borders Group is planning to auction off its intellectual property, including the Borders brand name and the website, in a move that will enable the brand to live on after liquidation in a limited fashion.

July 14, 2011

Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid.

June 23, 2011

A report released Thursday by The Conference Board said that the rate of dismissal of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25% of boards of directors facing a chief executive succession have opted for an outside hire.

June 17, 2011

Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptcy court to shutter, the Associated Press reported.

June 8, 2011

Whole Foods Market announced the addition of Blake W. Nordstrom to the company's board of directors, increasing the size of the board to 12 members. He will serve on the audit committee.

March 11, 2011

A Manhattan bankruptcy judge on Thursday has cleared the path for Blockbuster to sell itself to a group of hedge funds, preventing the movie rental chain from having to liquidate its assets.

March 9, 2011

The sale of the financially-beleaguered furniture retailer Robb & Stucky to liquidation firm Hudson Capital Partners of Massachusetts was approved Tuesday at a bankruptcy hearing in Tampa, the South Florida Sun-Sentinel reported.

September 19, 2010

Proxy-advisory firm Institutional Shareholders Services (ISS) said it has recommended that Barnes & Noble shareholders...

August 19, 2010

Lowe’s Cos. said Friday it has appointed former McDonald’s Corp. president and CEO Raul Alvarez,...

June 20, 2010

As part of the continuing coverage of Blockbuster’s upcoming June 24 shareholder vote, Blockbuster said...

June 8, 2010

Blockbuster has again urged its shareholders to elect its preferred choice to the company board...

May 26, 2010

The Finish Line announced that Alan H. Cohen, the company's co-founder and chairman of the...

May 18, 2010

Cabela’s announced Wednesday that shareholders re-elected all nine of the nominees to its board of...

May 18, 2010

P. Schoenfeld Asset Management LP urged Saks shareholders on Wednesday to vote in favor of...

March 21, 2010

Kohl’s Corp. announced that its board of directors has elected Nina G. Vaca as a...

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