Board

Legal Challenge Looms: SINOVAC Board Warns Shareholders of Potential Roadblock to $55 Special Dividend

by

Sinovac, a leading biopharmaceutical company based in Beijing, is warning its shareholders of a new lawsuit that poses a significant threat to a proposed special dividend of $55.00 per share. This alert comes as Advantech/Prime Success, a party involved in ongoing legal matters with Sinovac, has filed a complaint that could complicate the distribution of the dividend intended for all eligible shareholders. The lawsuit potentially blocks the payment, raising concerns among investors who were eagerly anticipating the dividend. Affected shareholders may be left in uncertainty as they await further developments regarding the case. Sinovac has … Read more

Court Ruling Paves the Way for Trump’s Board Member Dismissals Amid CPB Legal Challenge

by

WASHINGTON — A U.S. District Court judge has ruled against the Corporation for Public Broadcasting’s (CPB) efforts to prevent former President Donald Trump from removing its board members. In a decision released Sunday, Judge Randolph Moss found that the CPB did not provide sufficient evidence to warrant a preliminary injunction against Trump’s actions. The ruling underscores an ongoing dispute over board appointments at the CPB, a key entity that provides federal funding to public media organizations. The case centers on Trump’s attempt to remove Tom Rothman, the head of Sony Pictures, along with board members … Read more

Arkansas Corrections Board Faces Audit Fallout Over $200,000 Attorney Payment Dispute with Governor Sanders

by

LITTLE ROCK, Ark. — An audit released by the Arkansas Legislative Joint Auditing Committee has revealed that the state Board of Corrections owes attorney Abtin Mehdizadegan over $230,000 related to a lawsuit against Governor Sarah Huckabee Sanders. The report, unveiled during Friday’s committee meeting, stated that the board lacks the means to fulfill the payment obligations under the contracted agreement. According to the audit, as of February 11, the total amount owed to Mehdizadegan stands at $230,108. The auditors suggested that future contracts should be vetted through the State Procurement office and approved during public … Read more

Indiana School Board Embraces Transparency Reforms Following Lawsuit, Opening Doors to Public Participation

by

Mooresville, Indiana — In a significant move toward greater transparency, a local school board has agreed to implement reforms following a lawsuit initiated by a weekly newspaper. The action stems from allegations that the board conducted official business in secrecy when appointing a new member. The settlement finalized last month, involves the Mooresville Consolidated School Corporation Board of Education, just outside Indianapolis. The board has committed to revising two key policies to adhere to Indiana’s Open Door Law, which ensures public access to government meetings. The legal challenge was brought forth by the Morgan County … Read more