Corporations law

  1. Best Buy Founder Richard Schulze Steps Down Amid CEO Investigation

    May 14, 2012 11:32 AM EDT NEW YORK (AP) - Best Buy said Monday its founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and failed to alert the audit committee. The comp ...

  2. Warner Music Group Shareholders Approve Sale

    July 06, 2011 10:43 AM EDT Warner Music Group shareholders approved the $3.3 billion sale to Len Blavatnik's Access Industries at a special meeting of stockholders on Wednesday. Shareholders will receive $8.25 per share in cash at the closing of the transaction, which ...

  3. Warner Music Group Shareholder Lawsuits to Be Settled

    June 20, 2011 3:43 PM EDT Two class action lawsuits that alleged the Warner Music Group board of directors breached their fiduciary responsibilities by agreeing to sell the company for unfair and inadequate compensation will be settled. According to a WMG proxy statement f ...

  4. Warner Music Group Shareholder Sues Over Sale

    May 13, 2011 7:45 AM EDT Warner Music Group Corp. was sued by a shareholder who claims WMG's acquisition by Len Blavatnik's Access Industries last week undervalues the company, according to a Bloomberg report . The complaint, filed by Barbara A. Varipapa, said t ...

  5. Riley Investment, Trans World Extend Deal

    February 07, 2008 12:00 AM EST Riley Investment Management and Trans World founder/chairman Bob Higgins have extended their agreement in a pursuit of taking the 815-unit chain private by buying out public shareholders. An agreement between the two signed on Nov. 28, expired on ...

  6. Dods AWOL As NZ's Sounds Goes Into Liquidation

    January 31, 2008 12:00 AM EST As expected, the company behind New Zealand's largest specialist music chain was formally placed in liquidation today (Jan. 31), with the majority of creditors unlikely to see any of NZ$25 million ($19 million)-plus owed. At a watershed meeti ...

  7. Unique Distributors To Close

    January 10, 2008 12:00 AM EST Unique Distributors, the New Hyde Park, N.Y.-based one-stop specializing in new and classic 12" vinyl singles and LPs as well as DJ accessories, will shut its doors by the end of this month and liquidate, after 27 years of operation, accordin ...

  8. Ayling Flies Out Of Sanctuary

    August 13, 2007 12:00 AM EDT Sanctuary Group chairman Robert Ayling and three non-executive directors are no longer on the board of the music company. Ayling and his colleagues James Wallace, Tina Sharp and John Preston leave less than a fortnight after Universal Music Group& ...

  9. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  10. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  11. RETAIL TRACK: OPENING ROUND

    September 23, 2006 12:00 AM EDT Just because a liquidator appears to be the only bid so far in the Chapter 11 auction of Tower Records doesn't mean the chain will be liquidated. Good thing, because for many in the industry, a Tower Just because a liquidator appears to be th ...

  12. EMI Drops Merger Plans With Warner Music

    July 27, 2006 12:00 AM EDT Board of directors to review position in the future. Board of directors to review position in the future. News ...

  13. Sanctuary Appoints Ayling As Non-Exec Chair

    April 04, 2006 12:00 AM EDT Sanctuary Group plc's search for a non-executive chairman is over. The independent music firm today (April 4) confirmed the appointment of esteemed British executive Bob Ayling to the post. Sanctuary Group plc's search for a non-executiv ...

  14. Sanctuary Appoints Ayling As Non-Exec Chair

    April 04, 2006 12:00 AM EDT Sanctuary Group plc's search for a non-executive chairman is over. The independent music firm today (April 4) confirmed the appointment of esteemed British executive Bob Ayling to the post. Sanctuary Group plc's search for a non-executiv ...

  15. New Board Member For WMG

    March 06, 2006 12:00 AM EST Michele J. Hooper has been elected to Warner Music Group Corp.'s board of directors. She will serve as an independent director on WMG's board and will sit on its audit committee. Michele J. Hooper has been elected to Warner Music Group C ...

  16. New Board Member For WMG

    March 06, 2006 12:00 AM EST Hooper joins as an independent director. Michele J. Hooper has been elected to Warner Music Group Corp.'s board of directors. She will serve as an independent director on WMG's board and will sit on its audit committee. Hooper, 54, is a ...

  17. Ovitz Judge Warns On Soaring Exec Pay

    November 01, 2005 12:00 AM EST Corporate directors must rein in soaring U.S. executive pay or face the prospect of government regulation, said the judge who presided over a landmark shareholder suit involving Disney Co. WASHINGTON, D.C. (Reuters) -- Corporate directors must rei ...

  18. Disney Implements Policy Changes

    August 23, 2005 12:00 AM EDT One week after the Walt Disney Co. was again chided for formerly weak corporate governance practices, the firm said Aug. 18 that it has amended its guidelines for the removal of directors and to preve (The Hollywood Reporter) -- One week after the ...

  19. Lenders Shutter Dart Distributing

    February 07, 2005 12:00 AM EST Bank mulling sale or liquidation. Bank mulling sale or liquidation. News ...

  20. SEC

    February 01, 2005 12:00 AM EST This Week's Story: SEC may ease Sarbanes-Oxley rules. This Week's Story: SEC Considers Easing Rules On Foreign Companies LONDON (AP) -- The U.S. Securities and Exchange Commission is considering softening new American corporate governanc ...

  21. Station Club Owners Personally Liable For $1.06 Million In Fines

    August 24, 2004 12:00 AM EDT A Rhode Island Workers' Compensation Court has held the owners of the Station club personally liable for a $1.06 million penalty for failing to carry workers' comp insurance for some three years. NASHVILLE -- A Rhode Island Workers' ...