Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Zee Entertainment responds to Invesco’s allegations over the Sony deal
Company response
Zee Entertainment Enterprises Ltd (Zeel) responded to Invesco’s allegations concerning the proposed Sony-Zeel merger, rejected the accusations, and urged Invesco to let the board and management work toward finalizing the deal. The article reports allegations about governance and the deal’s effects, not a finding that they were true.
Company response
Denial — Zee Entertainment Enterprises Ltd (Zeel)
On Wednesday, Zeel responded saying Invesco’s statements were “half-truths”
Source excerpt
The investors had also accused the Company of “repeated governance failure” and “underperformance”, and said the deal “favours certain shareholders”.
On Wednesday, Zeel responded saying Invesco’s statements were “half-truths” and urged the investors to let the Board of directors of the Company and the management work towards finalising this deal, which according to it is “clearly for the benefit of all stakeholders.”
2004
Mutual-fund market-timing settlement
Invesco agreed to a $450 million settlement with the New York and Colorado attorneys general and the SEC after allegations that more than 40 individuals and entities had been permitted to conduct market-timing trades in Invesco-managed mutual funds in exchange for advisory fees.