#shareholder-lawsuit

#shareholder-lawsuit

In September, an eminently recognizable footwear company changed hands - and went private as a result. Specifically, 3G Capital announced its purchase of Sketchers on September 12, which also marked the end of Sketchers' days as a publicly traded company. With that deal's completion now in the rear view mirror, details are beginning to emerge about how existing Sketchers shareholders fared as a result, and it turns out that not everyone is thrilled.That's led some Sketchers stockholders to file a lawsuit.

Sperone Westwater, the Bowery-based gallery that represents canonical figures including Francesco Clemente and Bruce Nauman, will cease operations at the end of this year. The closure, first reported by Artnet News, comes just two months after the gallery marked its 50th anniversary and three months after the gallery's co-founder, Gian Enzo Sperone, sued his fellow co-founder, Angela Westwater, seeking to dissolve the gallery, and alleging her "unlawful handling" of funds.

Three months before yesterday's announcement that Sperone Westwater would close after 50 years in business, dealer Gian Enzo Sperone sued his cofounder, Angela Westwater, claiming he was in a "parasitic deadlock" with her after she wrested control of a corporation that has a 50 percent stake in the gallery. The suit also accuses Westwater of mishandling funds, withholding records from Sperone and gallery stockholders, and mismanaging rent payments for the gallery.

Mark Zuckerberg and current and former directors of Meta Platforms have agreed to settle claims for $8 billion related to privacy violations affecting Facebook users.