Mismanagement

Investors File Lawsuit Against New Mexico Fresh Foods CEO for Mismanagement and Major Losses

by

ALBUQUERQUE, N.M. – A lawsuit has been filed against New Mexico Fresh Foods by a group of prominent figures from Santa Fe, including Gail “Peaches” Gilbert, Ed Berman, Ellen Vladem, and Robert Vladem. This lawsuit alleges that investors contributed almost $4 million to the company but ended up losing it all due to the actions and omissions of the defendants. The plaintiffs claim that Kelly Egolf, the CEO of New Mexico Fresh Foods and the wife of former New Mexico House Speaker Brian Egolf, “consistently grossly mismanaged NMFF.” Furthermore, the lawsuit states that Kelly Egolf … Read more

New York University Seeks to Avoid Jury Trial in Class Action Alleging Mismanagement of Retirement Savings

by

New York University is urging a federal court to reject a jury trial request in an ongoing class action lawsuit. The university is facing allegations of mismanaging its employees’ retirement savings. According to NYU, the workers had previously given up their right to a jury trial. In the long-running legal battle, NYU contends that the employees voluntarily agreed to resolve any disputes through arbitration. The university argues that this agreement should be upheld and claims of mismanagement should be handled outside of the courtroom. The lawsuit against NYU alleges that the university failed to act … Read more

Alleged $1 Billion Mismanagement: Lawsuit Accuses Company’s Board of Bowing Down to Roger Penske

by

Detroit, Michigan – A lawsuit filed against a company alleges that its board has shown excessive deference to Chairman Roger Penske, resulting in the mismanagement of over $1 billion. The suit claims that the board’s failure to exercise proper oversight has led to financial losses and harmed the company’s reputation. The plaintiff, who remains anonymous, accuses the board of negligence in their fiduciary duty to safeguard the company’s assets. They argue that Penske, a well-respected figure in the industry, has been given too much power and influence by the board, resulting in poor decision-making. According … Read more