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Stock Market & Financial Investment News

News Breaks
December 18, 2012
17:06 EDTTSTTheStreet announces SEC settlement of 2008, 2009 accounting issues
TheStreet announced that it had reached a settlement with the U.S. Securities and Exchange Commission, without admitting or denying allegations of any wrongdoing, which concludes the SEC's investigation of accounting issues at TheStreet. This settlement relates to accounting matters in 2008 and 2009. TheStreet has previously corrected for the effects of these matters in financial statements filed with the SEC in February 2010. No further corrections are required. Under the terms of the settlement, TheStreet is not required to pay any monetary penalty and agrees to comply with the federal securities laws.
News For TST From The Last 14 Days
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April 15, 2015
17:31 EDTTSTJ. Carlo Cannell reports 8.85% stake in TheStreet, urges 'withhold vote'
Cannell, on behalf of the Investment Vehicles, identified the company as an entity satisfying each Investment Vehicle's investment criteria. The Investment Vehicles acquired and continue to hold the Shares as a long-term investment. Cannell reserves the right to discuss various views and opinions with respect to the company and its business plans with the company or the members of its senior management. The discussion of such views and opinions may extend from ordinary day-to-day business operations to matters such as nominees for representation on the company's board of directors, senior management decisions and extraordinary business transactions. Cannell reserves the right to take such action as he may deem necessary from time to time to seek to maximize the value of the Shares. Such actions may include, but may not necessarily be limited to, pursuit of strategic initiatives to enhance shareholder value. A shareholder of the Company since 2011, Cannell filed the original Schedule 13D on December 2, 2014 in which he articulated a significant structural conflict which he believed precludes all shareholders of the company from enjoying the value to which they are entitled and deserve. One hundred and twenty five days having passed with scant evidence of collaboration or argument to the contrary, Cannell today amends the Initial 13D to call for all Shareholders of the company to cast a "withhold vote" for any and all director election proposals and management compensation proposals appearing on the proxy solicitation form for the company's 2015 annual shareholder meeting.

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