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Tilray Brands | 8-K: Verified Stockholder Class Action Complaint in the Court of Chancery of the State of Delaware

Tilray Brands | 8-K: Verified Stockholder Class Action Complaint in the Court of Chancery of the State of Delaware

Tilray Brands | 8-K:特拉華州衡平法院已核實的股東集體訴訟投訴
美股SEC公告 ·  2024/11/06 22:08

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A stockholder class action lawsuit has been filed against Tilray Brands and its board members on October 31, 2024, challenging the voting standard applied to share authorization proposals. The complaint alleges that the company incorrectly stated a majority-of-votes-cast standard instead of the required majority-of-outstanding-shares standard in its 2023 and 2024 proxy statements.The lawsuit claims that Tilray's 2023 share authorization increase from 980M to 1.198B shares was not validly approved, as it failed to meet the voting threshold required by the company's certificate of incorporation. Similarly, the 2024 proposal to increase authorized shares to 1.416B shares is being challenged for using the incorrect voting standard.The plaintiff seeks injunctive relief to prevent Tilray from holding a vote on the 2024 share authorization proposal until corrective disclosures are made, and requests declaration that the 2023 share authorization and any shares issued under it are invalid. ISS has recommended shareholders vote "FOR" the 2024 proposal at the upcoming November 21 meeting.
A stockholder class action lawsuit has been filed against Tilray Brands and its board members on October 31, 2024, challenging the voting standard applied to share authorization proposals. The complaint alleges that the company incorrectly stated a majority-of-votes-cast standard instead of the required majority-of-outstanding-shares standard in its 2023 and 2024 proxy statements.The lawsuit claims that Tilray's 2023 share authorization increase from 980M to 1.198B shares was not validly approved, as it failed to meet the voting threshold required by the company's certificate of incorporation. Similarly, the 2024 proposal to increase authorized shares to 1.416B shares is being challenged for using the incorrect voting standard.The plaintiff seeks injunctive relief to prevent Tilray from holding a vote on the 2024 share authorization proposal until corrective disclosures are made, and requests declaration that the 2023 share authorization and any shares issued under it are invalid. ISS has recommended shareholders vote "FOR" the 2024 proposal at the upcoming November 21 meeting.
2024年10月31日,一項針對Tilray Brands及其董事會成員的股東集體訴訟已被提起,該訴訟質疑用於股份授權提案的投票標準。投訴稱,該公司在其2023年和2024年的委託書中錯誤地聲明瞭投票標準爲已投票的多數,而不是所需的已發行股份的多數。訴訟聲稱,Tilray在2023年的股份授權從98000萬股增加到11.98億股,並未獲得有效批准,因爲未達到公司章程所要求的投票門檻。同樣,2024年提案將授權股份增加到14.16億股也因使用不正確的投票標準而受到挑戰。原告尋求禁止救濟,以防止Tilray在2024年股份授權提案上進行投票,直到進行糾正性披露,並請求宣佈2023年的股份授權及其下發行的任何股份無效。ISS已建議股東在即將於11月21日舉行的會議上投票支持2024年提案。
2024年10月31日,一項針對Tilray Brands及其董事會成員的股東集體訴訟已被提起,該訴訟質疑用於股份授權提案的投票標準。投訴稱,該公司在其2023年和2024年的委託書中錯誤地聲明瞭投票標準爲已投票的多數,而不是所需的已發行股份的多數。訴訟聲稱,Tilray在2023年的股份授權從98000萬股增加到11.98億股,並未獲得有效批准,因爲未達到公司章程所要求的投票門檻。同樣,2024年提案將授權股份增加到14.16億股也因使用不正確的投票標準而受到挑戰。原告尋求禁止救濟,以防止Tilray在2024年股份授權提案上進行投票,直到進行糾正性披露,並請求宣佈2023年的股份授權及其下發行的任何股份無效。ISS已建議股東在即將於11月21日舉行的會議上投票支持2024年提案。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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