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Amazon Pledges to Promote More Women, Black Employees (1)

Amazon.com Inc. pledged to increase the number of women and Black employees in its senior ranks as part of an unusually detailed set of diversity commitments for a company that has rarely publicly discussed the makeup of its workforce.

Alta Mesa Loses Bid to End Securities Fraud Suit Over SPAC Deal

Former leaders and financial backers of Alta Mesa Resources Inc., an energy business that collapsed after combining with a blank-check company to go public, must face securities fraud claims brought by a group of pension and investment funds, a federal judge in Houston ruled Wednesday.

Live Well Financial CEO Used Lenders ‘Like an ATM’ U.S. Says (1)

The chief executive officer of defunct reverse mortgage provider Live Well Financial Inc. used lenders “like an ATM,” enriching himself by borrowing against bonds whose value he conspired to inflate by more than $200 million, prosecutors said at the start of Michael C. Hild’s fraud trial.

Starboard Accuses Quantum of Cooking Books to Stave Off Takeover

Starboard Value LP sued Quantum Corp. for fraud in Delaware on Wednesday, claiming its leaders cooked the books to avoid relinquishing board control to the activist hedge fund under a negotiated provision requiring the data storage company to hit certain revenue targets.

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