The Atlanta freight railroad said its board was investigating allegations of potential misconduct by Alan Shaw, who recently withstood an activist investor’s push to unseat him.
Hoonigan, the automotive aftermarket company owned by private-equity firm Clearlake Capital, filed for bankruptcy Sunday after pursuing an expansion plan that left it saddled with too much debt.
Shares of Ubisoft Entertainment plunged after a minority investor called for the maker of the Assassin’s Creed videogame franchise to go private and install a new management team.
