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...
The Week Ahead: Confusing, but rational record market runs
The investment markets run on fear and greed, hope and worry. Emotions often drive short-term market moves. Long-term investors steadfastly believe markets ultimately reflect an economy’s (or company’s) prospects.In either view, signals from different corners of the investment markets combine to create a confounding economic outlook. Yet, individually, each of these record runs is a logical reaction to the pandemic-fed uncertainty.Investors will be watching market milestones for the S&P 500, gold and the U.S. Treasury 10-year note in the week ahead.The S&P 500 stock index has recovered almost ...