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$SHLM said that on June 15, 2016, it filed a lawsuit against the sellers of Citadel Plastics in the Court of Chancery of the State of Delaware. This suit seeks indemnification and damages for the fraudulent business practices within the Lucent subsidiary. During 3Q16, the company incurred $1.2MM of legal costs associated with this lawsuit.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.