Directors Say Shareholder Suit Is Not Properly Pleaded And Should Be Dismissed

SAN JOSE, Calif. - A pair of corporate directors and other defendants in a shareholder suit tell a California federal court in a Feb. 27 brief that the complaint is vague and fails to state a claim upon which relief may be granted (Semi-Materials, Co. Ltd, a Republic of Korea Corporation v. SunPods, Inc., et al., No. 11-cv-06719, N.D. Calif.). Full story on lexis.com