CEVA’s impending IPO on the Swiss Stock Exchange and the appointment of a “no-nonsense” judge has given the executives suing shareholder Apollo Global Management new confidence.
Apollo, the controlling shareholder of CEVA, and two of its directors are facing two cases: a bankruptcy case in New York and a class action in Florida.
While it was decided that the latter case was “derivative” and is currently in abeyance, the New York action is continuing.
This …

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Source: The Loadstar