Campbell: No Soup for You

Creamless Creamy Tomato Soup, by flickr user Kimberly Vardeman, licensed by Creative Commons

In hot water

Investors are boiling over a famous American brand’s communication tactics, or lack thereof. Campbell Soup is being sued by a hedge fund called Third Point, whose main investor is billionaire Dan Loeb. The lawsuit claims that Campbell’s board refrained from disclosing some important information to potential and current investors in their latest strategic review. Third Point claims that there was some significant details excluded and made private by the snack maker. The board at Campbell has fired back, saying that Loeb & Third Point are misinformed and over-stepping their bounds. The lawsuit was filed in state superior court in Camden, New Jersey. Read more

Investor Loses Crypto, Blames AT&T

bitcoin, by pixabay user MichaelWuensch, licensed by Creative Commons.

BTC & AT&T

The world of cryptocurrency has fallen from most of the headlines, but there are still several people out there with millions at stake. A US investor & entrepreneur is suing AT&T, his internet service provider, over a theft of his cryptocurrency. Michael Terpin is seeking $224M, the value of his crypto portfolio at the time. The lawsuit was filed in a Los Angeles court room and claims “digital identity theft” in an attempt to hold someone (or something) accountable for the loss of his tokens. Today, the cryptocurrency market cap is over $200B, led by main coins such as Bitcoin, Litecoin, Ripple, Ethereum, and Stellar. Read more