Bulldog Investors, holding 310,000 shares of XAI Floating Rate & Alternative Income Trust (XFLT), urges shareholders to reject a new sub-advisory agreement at the July 30 meeting unless the Board offers a chance to monetize shares near net asset value (NAV). XFLT was originally a term trust promising NAV payout by 2029, but the Board converted it to a perpetual fund in 2023 when shares traded at a premium. Since then, XFLT’s share price has dropped over 65%, trading at a 20% discount to NAV. Bulldog Investors criticizes the Board for poor management and calls for liquidation if shareholders reject the new sub-advisor, which would allow shareholders to recover about 30% more than current market prices.
Grabar Law Office is investigating claims against officers and directors of First Solar, Hub Group, Navan, and ZoomInfo for alleged breaches of fiduciary duties and securities fraud. The investigations focus on misleading statements and omissions rel...
In April 2025, President Trump's new tariffs imposed a 10% levy on most US imports and up to 145% on some Chinese goods, wiping out $2.5 trillion in global equity value and causing major stock indices to plunge. Bitcoin also fell sharply but recovere...
SLX, the governance token of Solstice—a Solana-native yield protocol—surged to $0.47 after rapid exchange listings and strong Korean demand, driven by its real total value locked and institutional-style yield strategies. Despite this, SLX has experie...
A longtime ENS delegate, Alex Netto, has criticized a governance proposal that would shift operational control from the ENS DAO to the ENS Foundation, warning it could mark the downfall of the Ethereum Name Service as a decentralized project. The pro...
Kuehn Law is investigating Five9, Inc. officers and directors for allegedly misleading shareholders by misrepresenting the company's business strength and bookings. The lawsuit claims Five9 overstated its new business growth and failed to disclose ch...
