Yazılar

Rapid7 Nears Settlement with Activist Investor Jana Partners

/in /tarafından

Rapid7, a cybersecurity company, is nearing a settlement with activist investor Jana Partners following discussions about boosting the company’s share price and exploring strategic options, including a potential sale. Under the terms being discussed, three new members would be added to Rapid7’s eight-member board, sources familiar with the matter told Reuters.

An agreement could be finalized as early as Monday, though the situation remains fluid, according to the sources. Neither Rapid7 nor Jana Partners commented on the negotiations.

The Boston-based company, which specializes in vulnerability management, has faced challenges as its stock has dropped 41% over the past 52 weeks and 28% this year, bringing its market value down to approximately $1.8 billion. Jana Partners owns a 5.8% stake in Rapid7, according to a March regulatory filing.

In addition to the ongoing settlement talks, Rapid7 had previously attracted acquisition interest from buyout firms like Advent, Bain Capital, and EQT.

Gemini Settles CFTC Charges with $5 Million Fine and Permanent Injunction

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Gemini Trust Company has agreed to pay a $5 million civil penalty to settle charges brought by the U.S. Commodity Futures Trading Commission (CFTC) related to misleading statements about a bitcoin futures contract in 2017. The settlement, which includes a permanent injunction, was confirmed in a court filing on Monday in federal court in New York.

The CFTC had sued Gemini in 2022, accusing the company of making false or misleading statements, or omitting material facts, when seeking approval for the bitcoin futures contract. Despite the settlement, Gemini did not admit or deny the CFTC’s findings.

A spokesperson for Gemini has not yet responded to requests for comment on the settlement.

 

Apple Clarifies Siri Privacy After $95 Million Settlement

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Apple has clarified its stance on Siri’s privacy practices following a $95 million settlement in a class action lawsuit that accused the company of recording private conversations after unintentional activations of its voice assistant. The lawsuit alleged that these conversations were then shared with third parties, including advertisers.

Apple denied the claims, stating that it has never sold or used Siri data to build marketing profiles. The company emphasized that no data was shared for advertising purposes, and no audio recordings were retained unless users explicitly consented to improve Siri’s performance. As part of the settlement, Apple agreed to pay up to $20 per device to affected users of Siri-enabled devices like iPhones and Apple Watches.

The company clarified that certain Siri features do require real-time data input from Apple servers to function correctly, but it uses the minimum amount of data necessary. Apple also reiterated its commitment to enhancing privacy features for Siri in the future.

This settlement comes amid ongoing legal scrutiny, including a similar lawsuit involving Google’s Voice Assistant, which is currently pending in federal court in California.