On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Sunday, May 13, 2012. California-based Wells Fargo & Co. continues its fight to reclaim legitimacy in the wake of another new federal investigation. In announcing earlier this week that federal prosecutors had brought new claims, a spokesperson emphasized that Wells Fargo...
DOJ continues its charge against California-based company
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, May 11, 2012. The housing crisis continues to be an area of controversy for California’s corporations. Earlier this week, San Francisco-based Wells Fargo & Co. announced that federal prosecutors from the Department of Justice may seek penalties against it based...
CEO’s resume discrepancy made public by single shareholder
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Wednesday, May 9, 2012. In corporate America, it’s easy to forget the little guy, but this story illustrates that even a single shareholder can assert his rights. A single Yahoo shareholder discovered that Yahoo’s Chief Executive, Scott Thompson, had misrepresented certain details of...
Acquisition termination costs $1.6 million after secondary offer accepted
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, May 4, 2012. Business mergers and acquisitions happen all of the time. Depending on the size of the business and other business specific details, the planning that goes into mergers and acquisitions requires a lot of attention to detail and careful thought....
San Diego-based Illumina’s shareholders say no to Roche takeover
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Wednesday, April 25, 2012. Roche, a Switzerland-based healthcare giant has had its eye on the San Diego-based company Illumina. The California company has been one of the market leaders in manufacturing DNA sequencing tools, something that Roche had hoped to...
Tradesmen sweat it out under San Diego sun in craft competition
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Monday, April 23, 2012. Tradesmen from across California competed this month for a chance to take their skills to a national platform later this month, something that many entrepreneurs do when starting a business. The boiling sun may have been beating down...
Quest shareholders dispute CEO’s business decisions
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Saturday, April 7, 2012. Quest Software Inc. is locked into a shareholder dispute right now over the chief executive’s rush to sell the company. This move comes as no surprise, as the CEO was attempting to get out before a regulation committee was...
Shareholder lawsuit accuses Groupon of fraud
California investors might be interested in a recent wave of criticisms and complaints lodged against Groupon, the online daily deal coupon service. After revealing accounting problems in last year’s annual report, Groupon’s CEO and CFO have been named in a shareholder’s lawsuit that accuses Groupon of fraud, alleging the executives...
Shareholders’ rights may be at risk
Shareholders’ rights may be at risk. What do you need to know? Shareholders in the San Diego area will be interested in a recent IPO filing with the Securities and Exchange Commission. According to the filing, the Carlyle Group LP is requiring future shareholders to resolve claims through arbitration in...