Shareholder sues Tribune Publishing and its board, alleges 'poison pill' takeover defense plan is 'overreach of corporate power'
A Tribune Publishing shareholder is suing the Chicago-based newspaper company and its board, alleging the adoption in July of a so-called poison pill, is “an extremely aggressive overreach of corporate power.”The lawsuit, filed Friday in Delaware Chancery Court on behalf of the Vladimir Gusinsky Revocable Trust, seeks class-action status and a court order preventing Tribune Publishing from invoking the plan.The same family trust filed a separate lawsuit Friday against suburban Chicago-based aviation services company AAR, challenging its poison pill plan. Bloomberg Law was first to report on th...
Ohio UAW director accused of harassment resigns, avoiding union trial
A UAW regional director representing union members in Ohio and Indiana who had faced a possible union trial over harassment claims is resigning.The news of Region 2B Director Rich Rankin’s resignation, which was effective immediately, as both regional director and a UAW employee was announced in a joint statement from the UAW and Rankin Tuesday afternoon. The union said it was withdrawing with prejudice the union charges under Article 30 of the UAW constitution, and Rankin did not admit wrongdoing.“Director Rankin’s resignation was a personal decision and does not reflect an admission of any k...
Detroit Free Press