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Stock impact report

Michigan AD became aware of Sherrone Moore's recent mental health issues before firing, source says [CBS News]

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: CBS News
Moore was fired , a source familiar with the situation told CBS News Detroit's Rachel Hopmayer. Moore, who served as head coach for the 2024 and 2025 seasons, was fired on Wednesday after an investigation revealed that Moore engaged in an "inappropriate relationship with a staff member," according to the university. According to the source, who is within the program, prominent donors told Manuel about Moore having mental health issues. Manuel fired Moore in a one-on-one conversation with human resources or security present before holding a team and staff meeting in Schembechler Hall, according to the source. It was unclear if Moore's mental state contributed to the firing. The source said the latest investigation was the third one involving Moore over alleged conduct with women. In a statement on Wednesday, Manuel confirmed that Moore had been "terminated with cause, effective immediately." "This conduct constitutes a clear violation of University policy, and U-M maintains Show less Read more
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