Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
FTC Blocks Edwards Lifesciences’ JenaValve Acquisition in Major Antitrust Ruling 
Walmart to Join Nasdaq-100 Index as It Replaces AstraZeneca Following Exchange Move 
Trump Weighs Blocking Exxon Investment as Venezuela Deemed “Uninvestable” 
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally 
Allegiant to Acquire Sun Country Airlines in $1.5 Billion Deal to Expand U.S. Leisure Travel Network 
China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
Rio Tinto–Glencore Talks Spark Pressure on BHP as Copper Fuels Mining Mega Deals 
Johnson & Johnson Secures Tariff Exemption by Agreeing to Lower Drug Prices in the U.S. 
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer 
Trump Considers Starlink to Restore Internet Access in Iran Amid Protests 
EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
NEW YORK, April 08, 2016 -- Barrack, Rodos & Bacine announces that it has filed a lawsuit in the Southern District of New York, Stein v. Rusnack, et al., Civil Action No. 1:16-cv-02487, against the members of the Board of Directors of Flowserve Corporation (NYSE:FLS). The lawsuit alleges violations of the federal securities laws relating to the proxy statement the company filed with the U.S. Securities and Exchange Commission on April 9, 2015, and breaches of fiduciary duty relating to actions taken in contradiction of certain stockholder votes.
Holders of Flowserve common stock are encouraged to contact Barrack, Rodos & Bacine to discuss your rights regarding the litigation and for additional information. Flowserve stockholders may contact the firm through the following toll-free number: 877-386-3304, or by e-mail to A. Arnold Gershon ([email protected]) or Michael A. Toomey ([email protected]). A copy of the complaint is available from the Court or from Barrack, Rodos & Bacine.
In the lawsuit, the plaintiff is seeking truthful disclosures with regard to the 2015 proxy statement and certain other relief. The plaintiff is represented by Barrack, Rodos & Bacine, which has four decades of experience prosecuting securities actions and which has achieved some of the largest recoveries in the history of such litigation.
